News Highlights: Top Global Markets News of the Day

11/10/17 03:15 PM EST
Dow on Track to Snap Eight-Week Winning Streak 

U.S. stocks remained under pressure, on track for their first week of declines since September. The Dow industrials slipped 0.2%.

Consumer Sentiment Dips in Early November 

The University of Michigan's index of U.S. consumer sentiment dipped in early November, as respondents' expectations of current and expected economic conditions declined slightly.

EU Pushes U.K. on Key Brexit Divorce Issues 

The U.K. has two weeks to show the European Union that sufficient progress has been made on a trio of divorce issues for talks to move onto Britain's future relationship with the bloc, the EU's chief Brexit negotiator said.

Oil Buoyed by Geopolitical Concerns 

Oil prices fluctuated between slight gains and losses on Friday, after having soared over the past week after top exporter Saudi Arabia detained hundreds of individuals in a corruption investigation.

A Rare Win for Wall Street in China 

There won't be a land rush for financial firms in China, but the opening up of the Chinese financial system to overseas ownership makes some deals very attractive for Wall Street.

Alleged Drug Kingpin Leads Venezuela's Debt Restructuring Effort 

Meet the team in charge of the most complex bond restructuring in recent history: a former military officer, a one-time geography professor, two engineers, a minister under sanctions for alleged corruption and an alleged drug kingpin.

How a West Coast Trading Network Spawned a New York Pension Fund Scandal 

The connections Navnoor Kang established with brokers during his years on the West Coast with investment firms Guggenheim Partners and Pacific Investment Management Co. would play a critical role in what prosecutors allege was the biggest public pension fund scandal of the past decade.

China to Give Foreigners Greater Access to Financial Sector 

China took a major step in opening up its financial sector, announcing a relaxation of restrictions on foreign ownership in the securities and banking sectors just hours after U.S. President Donald Trump concluded his visit to Beijing.

A Former LTCM Partner Embraces Indexing, and Says You Should Too 

Victor Haghani, a veteran of the legendary Salomon Brothers trading floor and founding partner of Long-Term Capital Management-which collapsed spectacularly in 1998-makes a forceful case for the merits of passive investing at his current firm.

U.S. Oil-Rig Count Rises by Nine in Latest Week 

The number of rigs drilling for oil in the U.S. rose by nine this week to 738, Baker Hughes, a GE company, reported.


(END) Dow Jones Newswires

November 10, 2017 15:15 ET (20:15 GMT)

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