News Highlights: Top Global Markets News of the Day
S&P 500 Climbs on Strength in Industrial Sector
Rising shares of industrial companies pulled the S&P 500 slightly higher, even as trade tensions simmered ahead of another round of negotiations with China.
Federal Reserve's Bowman Calls For Refined Community Bank Oversight
Federal Reserve governor Michelle Bowman, in her first speech since joining the central bank, said supervision of small banks should fit their size and less-complex risk profile.
Speculators Are Making the Dollar Look Cheap
Few would disagree that the outlook for the global economy has worsened over the past six months. But the U.S. dollar hasn't gotten the memo.
N.Y. Fed Consumer Survey Finds More Negativity in January Outlook
In its January Survey of Consumer Expectations, the bank found that respondents now expect rising unemployment down the road and said the odds of losing a job have risen.
The Dreaded Earnings Slowdown Is Here
Fears about fourth-quarter earnings for U.S. companies were overblown; but the first quarter is looking shaky, and it may start weighing on stocks.
Oil Falls Toward Four-Week Low on Stronger Dollar
Oil prices fell toward a four-week low due to a stronger dollar and simmering concerns over a U.S.-China trade fight that could hurt the global economy and reduce oil demand.
The Benchmark Set to Replace Libor Suffers Volatility Spike
Recent volatility in the market for overnight cash loans is raising concerns about a new benchmark that could set interest rates for trillions of dollars in mortgages and corporate debt.
U.K. Posts Slowest Growth in Six Years Amid Brexit Worries
The U.K. economy experienced its weakest growth since 2012 last year as businesses slashed investment in the face of growing uncertainty about the way in which the country will leave the European Union.
Amid Gloomy Data, a Hopeful Sign for Chinese Stocks
Chinese stocks are off to a solid start this year, with one gauge suggesting more money is coursing through the financial system, a development that could also boost shares.
Hey, Big Spender: Tech Cash Will Keep Flowing
Investments in cloud networks still likely to expand in the coming year, despite cautious tone.