News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

U.S. Manufacturing-Sector Activity Accelerated in June

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The strongest reading on U.S. factory activity in nearly three years signaled underlying health in the economy headed into the second half of 2017.

Stocks Start Second Half on an Upswing

Gains in the shares of energy and financial firms lifted the Dow Jones Industrial Average on the first day of the third quarter.

Does a 263% Profit Mean Markets Are Efficient?

Some dates deserve a place in market history; last Thursday shouldn't. Yet the market's fear gauge had its fourth-biggest ever rise from open to peak, before recording its eighth-biggest fall from peak to close.

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U.S. Banks' Quarterly Trading Revenue Up 26%

U.S. banks' trading revenue increased 26% in the first quarter from a year earlier, largely thanks to a boost in interest-rate and foreign-exchange trading, a regulator said Monday.

Global Regulators Claim Partial Victory in Tidying Financial System

A report prepared for world leaders by regulators on the Financial Stability Board said that many of the "shadow banking" activities that contributed to the financial crash that pushed the world economy into recession almost a decade ago no longer pose a risk to financial stability.

U.S. Construction Spending Flat in May

Spending on construction across the U.S. was flat in May after declining a month earlier. Economists surveyed had expected a 0.3% increase in May. Spending for April was revised to a 0.7% decrease from a prior estimate of a 1.4% drop.

Economists Cut Mexico Interest-Rate Expectations

Economists surveyed last month by the Bank of Mexico lowered their expectations for interest rates this year after the central bank signaled an end to its rate-raising cycle.

Global Economy Week Ahead: U.S. and Eurozone Unemployment, Fed Minutes

This week, the U.S. and Europe will see key readings on the labor market, while the U.S. also will get data on international trade and minutes from the Federal Reserve's policy meeting in June.

PBOC Injects $73 Billion Into Banking System

The People's Bank of China said the funds were injected through its medium-term lending facility last month.

Oil Prices Extend Streak of Gains

Oil prices surged to a one-month high Monday as new data caused investors to question whether U.S. oil production is as resilient as many anticipated.

(END) Dow Jones Newswires

July 03, 2017 19:16 ET (23:16 GMT)