News Highlights: Top Global Markets News of the Day

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05/19/2017 | 09:15 pm
Gary Cohn

Stocks Higher, Wiping Out Most of Midweek Tumble

U.S. stocks' late-week rebound wiped out most of their midweek tumble.

Fed's Bullard Says Markets Are Doubting Need for June Rate Rise

St. Louis Fed President James Bullard warned that financial markets don't appear to believe the central bank has the economic data it needs to support more interest-rate rises.

Fed's Williams: Dollar Still Global King, Gold Irrelevant to Monetary Policy

The U.S. dollar is in a safe place as the world's pre-eminent reserve currency, San Francisco Fed leader John Williams told a group of high-school students.

Bank of England's Mark Carney Meets With Gary Cohn

Bank of England Governor Mark Carney met with Gary Cohn, the director of the White House National Economic Council, on Friday, according to officials with the central bank and the Trump administration.

Americans Doing Better Financially, Except for Non-College Educated

Americans' overall sense of financial health improved modestly last year, but adults without any college education lost ground for the first time since 2013, according to a new Federal Reserve survey.

White House Faces New Pressure on Comey, Russia

White House aides Friday had to respond to a pair of reports that President Donald Trump had bragged to Russian officials about firing the FBI director and that a senior White House adviser is a significant person of interest in the FBI's Russia probe.

Oil Reaches One-Month High

Oil prices rose to a one-month high on some of their largest one-day gains of the year.

Trump Pick for Treasury Deputy Is Dropping Out

James Donovan, the Trump administration's nominee for the No. 2 spot at the Treasury Department, is dropping out of contention.

Eurozone Consumer Confidence at Highest Level in Nearly a Decade

The victory of a pro-European centrist in France's presidential election has delivered a further boost to already high consumer confidence in the eurozone.

ECB Calls for More Pan-European Bank Mergers

The European Central Bank called on eurozone banks to engage in more cross-border mergers, warning that a lack of integration in the region's financial markets harmed its ability to set monetary policy.

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