News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

U.S. Trade Gap Narrowed in August

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The U.S. trade deficit narrowed in August, reflecting an increase in exports and a downtick in imports as Hurricane Harvey disrupted shipping along the Gulf Coast.

Randal Quarles, Trump's First Fed Nominee, Wins Senate Approval

The Senate approved Randal Quarles for a key banking oversight post on the Federal Reserve Board, marking President Donald Trump's first imprint on the central bank and his first full-time appointment of a banking regulator.

U.S. Stocks on Track to Extend Streak of Record Highs

The S&P 500 was on course for its longest streak of record closes in 20 years, led by shares of financial firms. The broad index added 0.4% after hitting its fifth straight high a day earlier.

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ECB Discussed Options for Scaling Back QE at Last Meeting

European Central Bank officials discussed options for scaling down their giant bond-buying program at their September meeting, but were worried by the strengthening euro.

U.S. Jobless Claims Fell Last Week

The number of Americans filing applications for new unemployment benefits fell in late September, though recent hurricanes continued to disrupt economic activity in several regions.

Fed's Powell: Regulation Must Take Account of Market Impact

Fed governor Jerome Powell said Thursday government authorities shouldn't think that regulation is the answer to every issue facing financial markets.

Fed's Williams Sees One More Rate Increase This Year, Three in 2018

San Francisco Fed President John Williams said he sees one further interest-rate increase this year and three more in 2018 as appropriate to keep the economic expansion on track and unemployment low.

Fed's Harker: Worker Training Is Investment in Economy, Not Just a Cost

Training workers and placing them in jobs should be viewed as an investment in the future of the economy, not a cost to be borne by taxpayers and charities, Philadelphia Fed leader Patrick Harker said.

New Federal Rule Clamps Down on Payday Loans

Payday lenders will have to assess whether borrowers are able to repay their loans, among other steps, under a rule unveiled Thursday that brings federal oversight to a $38.5 billion industry previously governed by states.

Looking for Bubbles in All the Wrong Places

A key European junk-bond index yields less than 10-year U.S. Treasurys, the global benchmark for risk. It's worth looking a little closer at this apparent through-the-looking-glass moment.

(END) Dow Jones Newswires

October 05, 2017 13:15 ET (17:15 GMT)