News Highlights: Top Global Markets News of the Day
Eurozone Retail Sales Fall Again, Posing Quandary for ECB
Retail sales declined across the euro area for the second straight month in August, signaling a warning to the European Central Bank as it considers a reduction in its stimulus measures.
ECB Sets Out New Rules to Tackle Bad Loans
The European Central Bank published new rules to strengthen the buffer that banks use to cover bad loans, its latest move to tackle a major problem for the region's banking sector.
European Stock Rally Stalls on Spanish Tensions
European stocks paused their longest winning streak in over two years amid steep declines in Spanish bank shares.
Wary Investors Push Oil Prices Back Down
Oil prices slid as investors continued to cash in on last week's bullish market and retrace crude's upward march.
Iceland Cuts Main Rate for Third Time in 2017
Iceland's central bank said it would cut its key interest rate for the third time in 2017, amid easing tourism growth and subdued inflation.
India's Central Bank Leaves Rates Unchanged
India's central bank left its main lending rate unchanged and lowered its growth forecast as it waited for more evidence inflation will remain in check in the South Asian nation.
Big-Rig Orders Post Another Monthly Increase on Improving Freight Market
Trucking companies accelerated big-rig orders for the fourth consecutive month, bolstered by strong manufacturing activity and an improving freight market.
Apartment Slowdown Spreads to Less Expensive Cities
A chill that started in the New York and San Francisco rental-apartment markets last year is spreading to less expensive cities.