News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Global Markets Fall as Wild Ride Continues

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The roller-coaster ride for global stock markets continued, with Asian equities declining following selling in the U.S. and Europe.

China June Official Manufacturing PMI Rises to 51.7

An official gauge of China's factory activity rose in June, signaling renewed momentum in the world's second-largest economy.

SEC Says All Companies Can Now File Secretly for IPOs

The SEC announced that it would allow all companies to file paperwork confidentially as a first step toward going public. Until now that privilege has only been available to firms with less than $1 billion in annual revenue

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Japan Inflation Picks Faster Pace in May

Japanese consumer prices rose at a faster pace in May, increasing for a fifth straight month and offering a small sign of improvement, though inflation still remains far from the Bank of Japan's 2% target.

Trump Set to Miss Steel-Tariff Deadline

The Trump administration is set to miss a self-imposed Friday deadline for concluding a major probe of steel imports, a delay officials said was driven by unanticipated complexities in engineering such a big shift in trade policy.

On Inflation, Look Past the 12-Month Reading

Fed officials have said they believe a slowdown in inflation in March and April should prove transitory. Even if they're right, they'll face a bit of a communications challenge for the rest of the year.

Cyberattack Launched for Pain, Not Profit, Experts Say

This week's global virus outbreak that grounded airplanes in Ukraine, slowed FedEx courier deliveries in Europe and disrupted Maersk container ships around the world was devised simply to damage businesses, not earn profits for the hackers behind it, security experts now believe.

Trump Declares End to Obama-Era Energy Curbs

President Donald Trump declared a new age of "energy dominance" by the U.S. on Thursday as he outlined plans to roll back Obama-era restrictions and regulations.

Fed's Yellen to Testify Before House Committee July 12

Federal Reserve Chairwoman Janet Yellen will be on Capitol Hill in mid-July for her semiannual congressional testimony on the state of the U.S. economy and monetary policy.

Fed's Bullard, Seeing No Inflation Pickup, Argues Against Raising Rates

St. Louis Fed President James Bullard said he didn't support raising short-term interest rates again this year, casting doubt on the view that the low unemployment rate in the U.S. would push up inflation.

(END) Dow Jones Newswires

June 29, 2017 23:16 ET (03:16 GMT)