News Highlights : Top Global Markets News of the Day
Global Stocks Gain Ahead of U.S. Inflation Numbers
Global stocks climbed, with the release of U.S. economic data in sharp focus after last week's acute market selloffs.
Rising U.S. Oil Output, Inventories Weigh on Prices
Oil prices fell on the back of rising U.S. inventories and signs of rapidly increasing crude production.
China's Central Bank: Overall Leverage Ratio Remains High
China's central bank said that while the domestic economy's overall leverage ratio is still high, "prudent and neutral" monetary policy has curbed debt levels.
Italy's Economy Accelerates but Lags Behind Eurozone
Italy's economy grew at the fastest rate in seven years during 2017, but still lagged behind the rest of the eurozone.
Sweden's Riksbank Says Rates Will Go Up, but It Won't Act Hastily
Interest rates in Sweden will rise in 2018, the central bank said, but it added that it won't act hastily given new uncertainties about the outlook for inflation and to avoid a sharp appreciation in the national currency.
Japan's Economy Grows for Longest Stretch in 28 Years
Japan recorded its eighth straight quarter of growth, the longest streak since its heyday in the late 1980s, and economists generally expect modest expansion to continue this year.
Bank of Thailand Stands Pat
The Thai central bank left interest rates unchanged as it awaits additional signs of a broad-based recovery in the economy.
A Billion-Dollar Bribery Scandal Sweeps Through the Oil Industry
Shell and Eni paid $1.3 billion for rights to a prized offshore oil field in Nigeria. The question of whether the money was mostly a bribe is at the heart of one of the biggest corruption scandals the industry has faced.
Trump Mulls Tariffs, Quotas on Foreign Steel
President Trump told lawmakers Tuesday that he is eyeing "tariffs and/or quotas" as a way of restricting U.S. imports of steel and aluminum on national-security grounds, but he acknowledged concerns that blocking metal imports could lead to price increases for U.S. industries that use the metals.
White House Considering Loretta Mester for Fed's No. 2 Job
The White House is considering nominating Cleveland Fed President Loretta Mester as vice chairwoman of the Federal Reserve Board in Washington, according to people familiar with the matter.