News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Dow Closes Above 22000

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A surge in Apple shares sent the Dow Jones Industrial Average past 22000 for the first time, the latest milestone in a stock rally that has stretched into its ninth year.

Rosengren: Tight Labor Markets Justify Fed Plans to Keep Raising Rates

Boston Fed President Eric Rosengren said tight labor markets should keep the U.S. central bank on its path to gradually raise rates and start slowly shrinking its balance sheet, despite a surprising pause in inflation pressures this spring.

Williams Says Fed Should Start Reducing Its Balance Sheet This Fall

San Francisco Fed President John Williams said it would be appropriate to start slowly shrinking the U.S. central bank's holdings of more than $4 trillion in bonds in the fall.

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Mester: Fed's Anticipated Path of Rate Increases 'Appropriate'

Federal Reserve Bank of Cleveland President Loretta Mester said the Fed should stick to the monetary policy path it outlined in its most recent projections.

Investors Pile Into Private Equity at Greatest Clip Since 2013

Apollo Global Management LLC, Carlyle Group LP and their private-equity peers are growing their assets at an accelerated clip as investors seek alternatives to richly priced stocks and bonds.

Venezuelan Default Fears Rise With Billions in Debt Coming Due Soon

Investors have been bracing for a Venezuela debt default for more than a year, but fallout from the country's widely criticized election last weekend could prove to be the tipping point.

Iraq Set to Raise $1 Billion in Bond Sale

Iraq is set to raise $1 billion through its first independent international bond sale in more than a decade, bankers aware of the transaction said on Wednesday, as the war-torn country looks for cash to support its finances.

OPEC's 'Catch-22': How to Unwind Its Deal to Cut Oil Output

OPEC and other big oil producers are facing a new high-wire act: how to keep the oil market calm if they decide to lift their output curbs and ramp production back up.

U.S. Plans Trade Measures Against China

The Trump administration is planning trade measures to force Beijing to crack down on intellectual-property theft and ease requirements that American companies share advanced technologies to gain entry to the Chinese market.

Chicago Open Outcry Floor Wins Approval

Box Options Exchange won approval from the U.S. Securities and Exchange Commission to launch an open outcry floor in Chicago, the first of its kind in decades.

(END) Dow Jones Newswires

August 02, 2017 19:15 ET (23:15 GMT)