News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Stocks Extend Their Gains

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Major U.S. stock indexes were on pace for records Tuesday, as concerns over Hurricane Irma and geopolitical risk in North Korea continued to ebb.

OPEC Production Falls as Efforts to Cut Output Start to Pay Off

OPEC crude oil production fell last month for the first time since April, in a boost to the cartel's beleaguered efforts to reduce output and rein in the global supply glut.

U.S. Household Incomes Rose in 2016 to New Record

Income for the average American household reached a new high last year for the first time this century.

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CFTC Chief to EU: Don't Unilaterally Change Clearinghouse Deal

The U.S.'s top derivatives regulator delivered a warning to his European Union counterparts Tuesday, saying that any unilateral change to a 2016 U.S.-EU clearinghouse supervision agreement would be a "violation of trust and cooperation."

Hedge Funds Prosper on China Tech But Bubble Fears Emerge

Hedge funds betting on China have chalked up some of the biggest profits of 2017 so far, fueled by concentrated bets on the technology sector.

ECB's Constâncio: Accommodation to Help Push Inflation to Central Bank's Target

The European Central Bank ultimately will reach its inflation goal if it keeps an appropriate level of policy accommodation, the central bank's vice president, Vítor Constâncio, said.

U.S. Small-Business Confidence Shows Slight Gain in August

Small-business owners' confidence in the economy was roughly unchanged in August, but the measure came in ahead of Wall Street expectations, helped by a regulatory "relief rally."

Oil Turns Higher After OPEC Report

Crude futures turned higher after OPEC said its oil output fell in August and as U.S. refiners continued to ramp up following Hurricane Harvey.

Beijing Forces Markets to Cooperate as Party Congress Nears

For Chinese President Xi Jinping, next month's 19th Communist Party Congress is an occasion for cementing his power-and no economic turmoil can be allowed to spoil the political pageantry.

States to Trump: Leave Retirement Rule Intact or We'll Act

The controversy over a rule restricting conflicted retirement advice is shifting to states, which are moving to bolster investor protections out of concern the Trump administration will weaken the federal provision.

(END) Dow Jones Newswires

September 12, 2017 15:15 ET (19:15 GMT)