News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

North Korea Launch Jolts Markets

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U.S. stocks recovered from early declines while investors, concerned with North Korea's launch of a ballistic missile over Japan, also moved into gold and Treasury bonds. The S&P 500 shed 0.1%.

North Korea Launch Finally Stokes Market Reaction

After months of dismissing Kim Jong Un as the boy who cried wolf, some investors may be beginning to take the threat of North Korea more seriously.

U.S. Consumer Confidence Increased in August

The Conference Board on Tuesday said its index of U.S. consumer confidence rose to 122.9 in August from a revised July reading of 120.

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Growth in U.S. Home Prices Accelerated in June

Home price growth accelerated slightly in June due to upward pressure from limited inventory and strong buyer demand.

Euro's Surge Puts the ECB in a Bind

The euro jumped above $1.20 for the first time in 2 1/2 years, a growing headache for the European Central Bank as it balances weak inflation with constraints on the bond-buying program that it uses to boost prices.

Harvey's Widespread Destruction Tests U.S. Shale

Tropical Storm Harvey has shut a significant portion of the state's shale production, cutting off as much as 15% of U.S. oil supplies. Now, the big question is how quickly the sector can make a comeback.

Utilities Shares Rally as U.S. Stock Market Stalls

One sign that investors are playing defense in August: Utilities stocks are leading gains in the S&P 500 this month and are outperforming the broader index in 2017, after the group lagged behind earlier this year.

Oil Prices Continue Slide as Tropical Storm Harvey Continues

Oil prices continued to slide Tuesday as Tropical Storm Harvey continued to bear down on the Texas Gulf Coast and looked set to threaten more refineries.

Canada Producer Prices Drop 1.5% in July

Canadian producer prices fell in July, marking their biggest month-over-month decline in nearly three years, on lower prices for motorized and recreational vehicles. The country's raw-materials price index also fell because of lower metal ore prices.

New Texas Law Will Complicate Matters for Some Harvey Claimants

Many Texas homeowners and businesses with property damaged by Harvey are under the gun to file insurance claims before a new law favorable to private-sector insurers kicks in Friday.

(END) Dow Jones Newswires

August 29, 2017 15:15 ET (19:15 GMT)