News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Global Markets Higher; Australia Is the Exception

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Global shares were higher in Asia-Pacific trade, lifted in part by a stronger U.S. dollar, though markets in Australia bucked the trend.

Anxious Investors Try to Hedge Against a Big Selloff, Even as Good Times Roll

Stock volatility is near an all-time low and corporate profits have bounced back from a year ago, but investors are increasingly moving to protect themselves from big swings in financial markets.

Appeals Court Deadlocks Over Challenge to SEC's In-House Courts

A federal appeals court said Monday that it was deadlocked on a case involving the Securities and Exchange Commission's in-house justice system, an outcome that opens the door for the Supreme Court to resolve the dispute.

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Draghi Says ECB Policy Has Helped Reduce Inequality

European Central Bank President Mario Draghi defended the impact of the bank's stimulus policies on Europe's youth, arguing that keeping interest rates low had helped create jobs and reduce inequality.

Ethereum Drops 24%, Bitcoin Loses, Too, Amid Cryptocurrency Selloff

Cryptocurrencies led by bitcoin and Ethereum were falling across the board on Monday as a massive run-up this spring has spurred some profit taking.

Utilities Shares Boost S&P 500

Shares of utility companies and other dividend-paying stocks led the S&P 500 higher following tepid U.S. economic data. Technology stocks erased early gains.

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.

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.

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.

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

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.

(END) Dow Jones Newswires

June 27, 2017 01:16 ET (05:16 GMT)