News Highlights: Top Global Markets News of the Day

03/08/18 11:15 PM EST
Japan, South Korea Stocks Surge on News of Talks With Pyongyang 

Japanese and South Korean stocks rose sharply on news that North Korean leader Kim Jong Un and President Donald Trump agreed to meet by May.

Trump Agrees to Meet North Korean Leader Kim Jong Un 

President Donald Trump has accepted an invitation to meet Kim Jong Un, the White House said, in what would be the first meeting between a sitting U.S. president and a North Korean leader.

China's Consumer Inflation at Over 4-Year High in February 

China's consumer inflation accelerated sharply in February, rising to an over four-year high, as food prices rose for the first time in over a year on Lunar New Year holiday demand, official data showed Friday.

Bank of Japan Sticks With Holding Pattern 

Japan's central bank leaves its aggressive easing policy unchanged Friday and offered no new clues on when and how it might join other major central banks in winding down its measures.

Slow Fed Balance Sheet Unwind May Be Destabilizing Markets, Fed's George Says 

Kansas City Fed Chief Esther George warned the languid pace of the central bank's balance sheet shrinkage effort may be causing negative effects on financial markets, in remarks that again called for continued rate rises.

Bank of Canada Warns Trade Disputes Can Have 'Serious Consequences' 

The possibility of U.S. tariffs on steel and aluminum and growing protectionist rhetoric could have serious consequences, Bank of Canada deputy governor Timothy Lane said.

Trump Signs Metals Tariffs Sparing Some Allies 

President Donald Trump is set to sign proclamations imposing steep tariffs on steel and aluminum but granting the administration flexibility on the levels and the ability to spare critical U.S. allies.

Five Things to Know About Trump's Steel and Aluminum Tariff Plan 

President Donald Trump is planning to make an announcement Thursday afternoon about his long-awaited global steel and aluminum tariffs, which he says are needed to protect American national security.

U.S. Asks China for Plan to Reduce  Trade Deficit by $100 Billion 

Trump administration officials made the request to Liu He, the main architect of China's economic policy, last week, according to people familiar with the matter.

Pacific Trade Pact Sets Sail Without the U.S. on Board 

Japan, Canada, Mexico and eight other Pacific nations signed a new version of the Trans-Pacific Partnership that aims to put pressure on China's economy and leave the door open for the U.S. to eventually rejoin.


(END) Dow Jones Newswires

March 08, 2018 23:15 ET (04:15 GMT)

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