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Home>News Highlights: Top Global Markets News of the Day

News Highlights: Top Global Markets News of the Day

News Highlights: Top Global Markets News of the Day


 Global Markets Show Weakness on North Korea Threats 

Equity markets in Asia were lower, hurt by fresh threats from North Korea and weakness among key technology stocks.

 Fed's Kashkari Again Says Raising Rates A Mistake Given Weak Inflation 

Federal Reserve Bank of Minneapolis President Neel Kashkari reiterated Monday that he believes raising rates right now is a bad idea.

 Fed's Evans: Show Me More Inflation Before a Rate Increase 

Charles Evans said he is "open-minded" about raising short-term interest rates soon but wants to see signs of rising inflation before nudging borrowing costs higher.

 CFTC Wants More Firms to Self-Report Wrongdoing 

A top U.S. markets regulator unveiled a new enforcement framework that relies more heavily on firms to self-report wrongdoing and gives them new incentives to cooperate with probes.

 Hurricane Maria Damage Estimate: As Much as $85 Billion in Insured Losses 

Hurricane Maria caused an estimated $40 billion to $85 billion in insured losses, mostly in Puerto Rico, catastrophe-modeling firm AIR Worldwide said Monday.

 OPEC's Efforts Pay Off: Oil Is Back in Bull Market 

U.S. oil prices returned to bull-market territory while the global benchmark hit a two-year high, as investors gained faith that OPEC will successfully shrink a global supply glut.

 Senate GOP Aims to Vote on CFPB Rule as Early as Tuesday 

Republican leaders in the Senate aim to hold a vote as early as Tuesday on killing the Consumer Financial Protection Bureau's arbitration rule, according to Senate aides.

 SEC Chairman Says Agency Didn't Do Enough to Size Up 2016 Hack 

The chairman of the SEC is expected to say that his agency may have mishandled a breach of its system for disclosing market-moving news and promise to intensify how it defends itself against hackers.

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