News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Small-Business Optimism Index Falls After Hurricanes

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Optimism among small business owners declined in September, according to a report Tuesday, as major hurricanes helped dampen expectations on sales and expansion plans.

Spain Dulls Enthusiasm for European Stocks

Lingering concerns about Southern Europe and a strengthening euro weighed down European stock markets, offsetting a solid lead from Asian trading.

Oil Climbs After Saudi Arabia Cuts Exports

Oil markets held on to modest gains after Saudi Arabia announced plans to cut its monthly exports in November in an effort to accelerate the draining of global stocks.

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Bank of Japan Ups Optimism on Regional Economies

The Bank of Japan raised its view on four of the nation's nine regional economies Tuesday in the latest indication that policy makers are pleased with progress in the economy ahead of an early parliamentary election.

German Exports Surge

German exports surged in August due to strong demand from the eurozone, in a sign that the region's economic recovery has continued to broaden.

Traders Gird for Stock Pickers' Market

Market-implied measures of stock market correlation show that investors foresee corporate fundamentals and only corporate fundamentals driving stock prices in the weeks ahead.

Lautenschläger Says ECB Should Start Cutting Bond Purchases Next Year

The European Central Bank should start cutting its bond purchases at the beginning of next year, a member of the central bank's Executive Board said.

EPA to Withdraw Power Plant Rules

The Trump administration Tuesday will formally withdraw federal limits on carbon emissions at power plants, Environmental Protection Agency Administrator Scott Pruitt said, triggering the next stage of what is likely a yearslong fight over the Obama administration's centerpiece for slowing climate change.

Oil Market Rebalancing Accelerated Last Four Months, Says OPEC Head

The pace of rebalancing in global oil markets has accelerated in the past four months with the extension in the production cap agreement led by the Organization of the Petroleum Exporting Countries, the head of the oil cartel said Tuesday.

Yuriko Koike Wants Japan to Vote for Change-but Not Too Much

The woman who is launching a campaign to oust Japanese Prime Minister Shinzo Abe aims to strike a delicate balance: Be the face of change, but don't promise too much change.

(END) Dow Jones Newswires

October 10, 2017 07:15 ET (11:15 GMT)