News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Fed's Dudley: Easy Financial Conditions Can Make Policy More Aggressive

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New York Fed President William Dudley suggested the U.S. central bank may need to lift borrowing costs more aggressively if financial markets don't tighten enough in response to Fed interest-rate increases.

U.S. Durable Goods Orders Fall 1.1%

Demand for long-lasting factory goods declined in May for the second straight month, a possible sign of softness in the U.S. manufacturing sector.

Gains in Utilities Shares Boost S&P 500

U.S. stocks and government bonds gained Monday following some tepid U.S. economic data. Technology stocks erased early gains, putting pressure on major U.S. stock indexes.

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Why Italy's Bank Rescue Looks a Backward Step for Europe

A sweetheart deal to wind down two small banks raises wider questions about state support for lenders.

Fed's Williams: Rate Increases Needed to Keep Economy on Track

The main goal of monetary policy right now is "to keep the expansion going as long as possible," the Federal Reserve Bank of San Francisco president said in the text of a speech to be delivered in Australia.

Chicago Fed National Activity Index Falls in May

Economic activity across the U.S. slowed in May, according to a report published Monday, as the nation's economy continues to grow but at a below-average rate.

Texas Manufacturing Activity Rises at Slower Rate in June

Manufacturing activity across Texas rose at a slower rate in June from the prior month, according to a report from the Federal Reserve Bank of Dallas.

CoCo Bond Market Pulls Through Recent Setbacks

The market for a complex form of European bank debt has remained resilient despite two setbacks in the space of a month-a sign it may have finally come of age, some investors say.

Global Economy Week Ahead: U.S. and Europe Inflation, Yellen in London

Inflation figures are due from Europe and the U.S., while Fed Chairwoman Janet Yellen will speak in London and Brazil's Senate likely will hold a final vote on a contentious bill to overhaul its labor law.

A Turning Point for Commercial Property

Commercial real estate prices are starting to roll over after reaching record highs, capping a long postcrisis rally.

(END) Dow Jones Newswires

June 26, 2017 13:16 ET (17:16 GMT)