News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

China Stocks Tumble After Latest Signs of Beijing's Markets Crusade

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The long calm in Chinese stocks came to an abrupt end, with shares in Shanghai suffering their biggest one-day drop in almost a year, following fresh signs of Beijing's determination to clamp down on market speculation and the country's high debt levels.

As Global Governments Raise Taxes, U.S. Revenues Are Already Falling

The OECD said the share of economic output taken by governments in developed economies as taxes has risen to its highest level since records began 50 years ago. But in the U.S., taxes as a share of GDP fell in 2016.

Eurozone Data Point to Strengthening Recovery

The eurozone economy appears to have gained fresh momentum as 2017 draws to a close, an acceleration that suggests the $10 trillion economy may again partner the U.S. in supporting a stronger global expansion.

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Upbeat Data Help European Markets Shrug Off Chinese Fall

Strong economic data bolstered European stocks, even after Chinese shares suffered their worst day for months.

U.K. Business Investment Slows

U.K. business investment softened visibly in the third quarter of 2017, a sign that uncertainty linked to Brexit and Britain's future trading arrangements is giving companies pause.

German Economy Propelled by Exports, Corporate Investments

The German economy picked up speed in the third quarter, boosted by exports and corporate investments.

French Manufacturing Confidence at Decade-High

Confidence in French manufacturing rose again in November, setting a fresh decade high as business leaders revised their assessment of recent production levels upward.

Oil Prices Dip After U.S. Crude Hits Two-Year High

Oil prices eased after the U.S. market hit a more than two year high on reduced crude flow from Canada and falling stocks.

U.K. Car Production Buoyed by Exports

A U.K. industry body said that new car production increased by 3.5% in October, but was largely driven by exports. Meanwhile, production for the domestic market declined by 2.9%.

Fed on Track for December Rate Rise, but Inflation Worries Persist

Federal Reserve officials said at their latest meeting they likely would raise rates "in the near term" as the economy strengthens, although several said their support for the move would hinge on inflation picking up, according to minutes released Wednesday.

(END) Dow Jones Newswires

November 23, 2017 07:15 ET (12:15 GMT)