News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Japan Inflation Fails to Gain Momentum in June

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Japanese prices rose for the sixth straight month in June but failed to gain momentum, leaving inflation well short of the government's 2% target.

U.K. Consumer Confidence Falls Again

U. K. consumers' mood soured again unexpectedly in July, a survey published Friday showed, with the headline index falling to the level last seen in the immediate aftermath of the Brexit vote as Britons grew uneasy about the country's economic situation.

Tech Stocks Weigh on Markets

Technology stocks slid abruptly, pulling the Nasdaq Composite and S&P 500 away from record territory. The declines began around midday and accelerated, sending technology stocks sharply lower before they pared losses through the end of the session.

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U.S. Targets Bitcoin Exchange, Alleging It Facilitated Crime

U.S. law-enforcement authorities took aim at one of the world's largest digital-currency exchanges this week in an anti-money-laundering operation that spanned two continents.

Scandal-Hit Libor to Be Phased Out

In five years' time Libor should be no more. A top U.K. regulator said it will phase out the London interbank offered rate, a scandal-plagued benchmark that is used to set the price of trillions of dollars of loans across the world.

Mnuchin: Volcker Rule, 'Too Big to Fail' Set for Changes

The Trump administration is working with bank regulators to roll back postcrisis rules, Treasury Secretary Steven Mnuchin said, namely the Volcker rule and the system of determining which financial firms are considered "too big to fail."

The Bull Market's Growth Problem

Under the hood of the stock market rally, signs the 8-year bull market may be nearing its end.

Oil Prices Rise on Building Momentum

Oil prices rose to fresh two-month highs Thursday on building momentum from recent inventory declines.

Commerce Secretary Says Trump's Steel Protection Plan Has Stalled

President Donald Trump's pledge to provide big import protection to U.S. steelmakers has gotten bogged down in "complexity," with no clear deadline for completion, Commerce Secretary Wilbur Ross told Congress.

U.S. Jobless Claims Rose Last Week

The number of Americans applying for first-time unemployment benefits rose last week, though broader trends remain consistent with steady job gains.

(END) Dow Jones Newswires

July 27, 2017 21:15 ET (01:15 GMT)