News Highlights : Top Global Markets News of the Day

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03/21/2017 | 12:16 am

U.K. to Trigger Article 50 on March 29

Britain will notify the European Union on March 29 that it will start the process of extricating itself from the bloc, opening a tight two-year timetable to unravel decades of complicated ties.

Oil Falls on Growing U.S. Drilling Activity

Oil prices extended losses to trade near a four-month low after increased drilling activity in the U.S. indicated a strong rise in production was coming.

NYSE Arca Suffers Glitch During Closing Auction

A late-day trading glitch at the New York Stock Exchange's Arca platform has affected at least $150 billion worth of exchange-traded funds, including the world's largest gold ETF, according to a person familiar with the matter.

U.S. Stocks Slip

Financial shares fell, dragging U.S. stocks lower, although stock moves were muted as investors analyzed developments from the weekend's G-20 meeting.

Key Fed Officials Fan Out to Take Stock of Last Week's Rate Rise

Key Federal Reserve officials have fanned out over recent days to defend last week's interest-rate rise, although one policy maker argued the action was premature given the current state of the economy.

German Central Bank Chief Questions ECB Monetary Policy

German central bank President Jens Weidmann suggested that the European Central Bank should slowly start to retreat from its easy-money policies, indicating divisions within the ECB over the timing of an exit.

Labor Reforms Threaten to Derail Greek Talks

Finance ministers from the euro currency discussed the impasse in Greece's talks with creditors on Monday, but no breakthrough emerged on the latest conflict that threatens to derail Greece's bailout deal: workers' rights.

Bond Rally Intensifies Inflation Debate

A rise in U.S. government-bond prices since the Federal Reserve's latest rate increase underscores investors' continuing skepticism about inflation.

The Fed Is Stuck in the Past With Its Forecasts of the Future

As recent economic forecasts have missed the mark, it's appropriate to ask whether The Fed's predictions of weak growth forevermore are mere projections of the recent past into the indefinite future

What the G-20 Didn't Say on Trade Should Chill Investors

Finance ministers from the world's leading economies ditched much of their normal pro-trade language in their communiqué.

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