News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Stock Markets Pull Back as Tech Stocks Weigh

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Stocks in Europe and Asia were mostly lower Tuesday as a decline in shares of U.S. technology companies reverberated overseas.

Australia's Central Bank Holds Rates Steady

Australia's central bank left interest rates unchanged Tuesday but surprised some market participants by sticking to a neutral tone on policy despite recent signs of improvement in the economy and a swing toward more-hawkish guidance among its global counterparts.

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.

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South Korea Inflation Slows to 1.9% in June

South Korea's headline consumer-price index rose 1.9% from a year earlier in June, with a recent pullback in oil prices keeping inflation at a slower pace than expected.

Trump Talks Trade and Climate With Merkel Ahead of G-20 Summit

President Trump called the German chancellor Monday amid tensions stemming from the U.S. move to withdraw from the Paris climate agreement.

China's PBOC Opens Up Bond Market to Overseas Credit Rating Firms

China's central bank is allowing foreign credit-rating firms access to the country's $9 trillion domestic bond market after the rollout of the so-called Bond Connect program linking the market with Hong Kong.

Glitch Sets Apple, Amazon and Microsoft Stock Prices at $123.47

A flood of incorrect stock-market data briefly hit traders' screens, showing apparent huge moves in the Nasdaq-listed share prices of some of the world's biggest companies.

Oil Giants Lobby Against Bill to Toughen Russia Sanctions

Exxon Mobil and other energy companies have joined President Trump in expressing concerns over a bill to toughen sanctions on Russia, arguing that it could shut down oil and gas projects around the world that involve Russian partners.

Reeling From Banking Crisis, Ukraine May Ban Auditor PwC

The government of Ukraine said it may ban PricewaterhouseCoopers from conducting bank audits in the country, the latest in a string of controversies involving the Big Four accounting giant.

Fed's Yellen Briefly Hospitalized Over Weekend

Federal Reserve Chairwoman Janet Yellen was hospitalized over the weekend in London for a urinary tract infection, the Fed said in a statement Monday.

(END) Dow Jones Newswires

July 04, 2017 05:16 ET (09:16 GMT)