News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Oil Rally Takes a Breather

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Oil prices languished as investors appeared to, at least momentarily, cap robust gains from earlier in the week.

Stocks Climb as Fed Outlook Boosts the Dollar

Global stocks extended gains and the dollar strengthened after comments from Federal Reserve Chairwoman Janet Yellen boosted bets on higher U.S. interest rates.

Yellen Defends Fed Rate-Rise Plan Despite 'Mystery' of Low Inflation

Federal Reserve Chairwoman Janet Yellen defended the central bank's projection for a gradual path of rate increases over the next few years, but said the Fed could consider a slower pace if low inflation proves persistent.

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Atlanta Fed's Bostic Says He Is Comfortable With Idea of December Rate Rise

In his first public remarks as a central banker, Atlanta Fed President Raphael Bostic said he is inclined to support another rate rise by the close of the year.

U.S. Officials Aim to Ease North Korea Tensions Amid Heated Rhetoric

U.S. officials emphasized the urgency of attempts at diplomacy to ease tensions with North Korea on Tuesday, while the U.S. stepped up sanctions amid an escalating war of words between Washington and Pyongyang.

U.S. Treasury Adds Eight North Korean Banks to Sanctions List

The U.S. Treasury Department named eight North Korean banks and 26 individuals linked to the nation's financial networks to its sanctions list.

China Industrial-Profit Growth Accelerates

China's industrial-profit growth accelerated in August, driven by higher prices for industrial goods and lower production costs. Industrial profit rose 24% from a year earlier.

Bank of Thailand Raises Growth Forecasts, Keeps Lock on Policy

The Bank of Thailand raised its growth forecasts Wednesday, taking a more optimistic view of the economy while leaving policy unchanged and brushing aside calls to lower rates.

Australia Backs Down From Limiting Gas Exports

Australia's conservative government held back from imposing curbs on exports of liquefied natural gas after producers including Royal Dutch Shell agreed to put more gas into the domestic market to ease energy shortages.

GOP Tax Plan to Allow for Top Individual Rate Above 35%

The Republican tax plan being released Wednesday will open the door to a top individual tax rate that is higher than the 35% that has been in previous plans, according to people familiar with the discussions.

(END) Dow Jones Newswires

September 27, 2017 07:15 ET (11:15 GMT)