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News Highlights: Top Global Markets News of the Day

11/27/2018 | 05:16am


Global Stocks Pause Ahead of U.S.-China Trade Meeting



Global stocks were mixed, with early-week optimism dampened by comments from the White House ahead of a meeting between the U.S. and Chinese leaders later in the week that its tariff plans were unlikely to change.




Trump Expects to Move Ahead With Boost on China Tariffs



Days before a summit with China's leader, President Trump said in an interview he expects to move ahead with boosting tariff levels on $200 billion of Chinese goods to 25%.




India Can Thank Crude's Slump for a Soaring Stock Market



Indian equities have emerged as some of the world's best performers over the past month. The Nifty 50 has surged 6% in the past 30 days, with only Hong Kong's Hang Seng and Argentina's Merval giving it a run for its money.




Michelle Bowman Sworn In on Federal Reserve's Board of Governors



Michelle Bowman, a small-town banker and former regulator from Kansas, was sworn in as a member of the Federal Reserve's board of governors, the central bank said.




Greece's Eurobank to Acquire Grivalia Properties



Eurobank Ergasias plans to acquire real-estate company Grivalia Properties REIC, boosting its capital and paving the way for a 'bad bank' to help reduce its nonperforming loans.




GE Bonds Rebound as Bargain Hunters Swoop In



General Electric bonds rebounded sharply in recent days, easing some of the losses debt investors have taken as doubts about the conglomerate's financial stability spread through financial markets.




San Francisco Fed Paper Says Inflation May Again Slip Under Target



A new San Francisco Fed report casts doubt on the idea that the U.S. central bank has sustainably hit its inflation target, in a finding that could undermine the central bank's rate-rise plans.




Stocks Rise, Led by Retailers



Stocks rebounded, led by shares of retailers as shoppers spent billions over the Thanksgiving weekend, commencing what is expected to be one of the strongest holiday seasons in years.




Oil Rebounds After Sharp Selloff



Oil prices surged higher as investors sensed a buying opportunity following a steep selloff last week that many felt was overdone.




Bitcoin Continues Steep Fall as Crypto Collapse Worsens



Bitcoin slumped 10%, continuing a steep slide and bucking a modest rebound in stocks and oil.






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