News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Nikkei Rally Loses Steam as Global Markets Ease

Continue Reading Below

Japanese shares struggled to hold on to gains following their record-smashing winning streak, as markets in the region broadly edged higher after their recent strength.

China Aims for U.S.-Level Yields in $2 Billion Bond Offering

China is returning to international bond markets for the first time in 13 years, with a $2 billion offering of U.S. dollar bonds that will allow the world's second-largest economy to flex its financial muscle.

Australia's 3rd Quarter Inflation Weaker Than Expected

Australian consumer prices rose by 0.6% in the third quarter and were up 1.8% from a year earlier. Economists had expected prices to rise 0.8% in the quarter and 2.0% from a year earlier.

Continue Reading Below

Australian Treasury Secretary Sees Eventual Rebound in Wages

Australian Treasury Secretary John Fraser has told parliament he remains confident wage growth will eventually accelerate as unemployment falls, but he also stressed that it "will take some time."

Congress Votes to Overturn CFPB Arbitration Rule

With Vice President Mike Pence breaking a Senate tie, Congress overturned a rule by an Obama-appointed financial regulator that would have made it easier for consumers to sue banks in groups.

These Lenders Get Too Much Credit

Shares of credit card lenders have recovered sharply over the past two months on optimism that rising defaults will soon stabilize. The relief may prove premature.

Trump Asks GOP Senators: Should Taylor or Powell Be Fed Chief?

Donald Trump asked Republican senators at their meeting Tuesday which candidate they preferred to lead the Federal Reserve-current Fed governor Jerome Powell or Stanford University economics professor John Taylor.

Owner of NYSE Agrees to Buy Bond-Trading Platform

Intercontinental Exchange Inc. said on Tuesday that it had agreed to buy a fixed income-trading platform from Virtu Financial Inc.

New York Falls Behind Dallas and Los Angeles in Commercial Property Sales

New York is having such a slow year in commercial property sales that it has fallen behind Los Angeles and Dallas in deal volume, according to a new report by Real Capital Analytics Inc.

Canada Forecasts Bottom-Line Boost on Growth Surge

Canada's Liberal government said public finances have improved substantially due to strong economic growth, giving lawmakers leeway to sharply reduce deficits while delivering additional tax breaks to households with children and low-income workers.

(END) Dow Jones Newswires

October 25, 2017 01:15 ET (05:15 GMT)