News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Economists Credit Trump as Tailwind for U.S. Growth

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Economists surveyed by The Wall Street Journal say President Donald Trump has had generally positive effects on U.S. economic growth, hiring and the performance of the stock market during his first year in office.

WSJ Survey: Economists Expect Next Fed Rate Rise in March

Most economists polled by The Wall Street Journal expected the Federal Reserve will raise short-term interest rates in March and again in June.

S&P 500 Recovers From First Setback of 2018

Energy stocks surged Thursday to help the S&P 500 recover from its first setback of the year.

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Business-Level Inflation Falls Unexpectedly

U.S. producer prices fell in December for the first time in more than a year, a sign inflation pressures remain modest even though the economy appeared to pick up steam last year.

U.S. Jobless Claims Rose Last Week

The number of Americans filing applications for new unemployment benefits rose last week, but remains low, signaling a strong labor market that is likely to continue tightening in 2018.

ECB Minutes Signal Pivot on Stimulus, Sending Euro Higher

The European Central Bank indicated that it might move sooner than investors had expected to phase out its giant bond-buying program, sending the euro and eurozone government bond yields higher.

Jockeying Is Under Way to Succeed ECB's Draghi

The first decisions narrowing the field of potential successors to become the next head of the European Central Bank in 2019 are just weeks away, Todd Buell writes, with the role of Germany looming as a central question.

Senate Panel to Vote Again Wednesday on Powell's Fed Nomination

The Senate Banking Committee will vote next week for the second time on the nomination of Jerome Powell to be the next Federal Reserve chairman, a spokeswoman said.

Mexico's November Industrial Output Lower on Oil, Construction

Mexican industrial production fell in November as higher factory output wasn't enough to offset lower oil and gas production and a decline in construction activity.

How to Punish Auditors Behaving Badly

A two-year ban in India for PwC makes a good headline, but the impact may be light. Auditors of public companies often fall short of investor expectations-as do their punishments.

(END) Dow Jones Newswires

January 11, 2018 13:15 ET (18:15 GMT)