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News Highlights: Top Global Markets News of the Day

11/27/2018 | 07:16am

Global Stocks Hold Steady After Rally

Indexes 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.

Fed Looks to Short-Term Data to Shape 2019 Policy Path

The central bank will be deciding whether and when to raise interest rates more on the basis of the economy's latest signs-such as in inflation, unemployment and growth-and less on the long term.

Oil Prices Hold Gains Despite Oversupply Concerns

Oil prices were mixed, a day after crude started to rally following a week of steep losses.

China's Steel Glut Sinks Iron Ore

Prices of iron ore, the main ingredient in steel, have hit four-month lows as Chinese steel mills try to cut costs in a saturated market.

A New Kind of Lender Secretly Tracks Your Car to Make Sure You Pay Up

In China, a new type of internet loan comes with a catch: lenders can track your car's whereabouts and can seize it if you fail to make payments.

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 6.5% 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.

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