News Highlights: Top Global Markets News of the Day

03/08/18 05:15 PM EST
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.

U.S. Stocks Rise as Trump Suggests Flexibility in Tariffs 

U.S. stocks rose Thursday, reversing declines from earlier in the session, after the White House said widely debated tariffs on metals imports would spare some key U.S. allies.

Mortgage Rates at a Four-Year High Threaten to Roil Housing 

The increase is a new challenge for a housing market that has been central to the recovery but remains sensitive to even modest headwinds.

Draghi Criticizes Proposed U.S. Tariffs as ECB Signals Tighter Policy 

European Central Bank President Mario Draghi said tariffs proposed by President Donald Trump raise questions about the strength of the trans-Atlantic alliance, as the bank signaled a shift toward tighter monetary policy.

Oil Slides After U.S. Stock Build, Record Output 

Oil prices resumed their slide on Thursday, under pressure from rising U.S. crude inventories and record domestic output and pulled lower by falling gasoline prices.

U.S. Jobless Claims Rise 

The number of Americans filing applications for new unemployment benefits rose last week, ticking up from the lowest level since 1969.

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.

After Nine Years, How Long Can This Bull Live? 

Living for so long with the bull market, it's easy to buy into the idea that the only things that can halt it are a recession or the Federal Reserve.

Harvard Economists Join Chorus of Tax-Law Skeptics 

The recent changes to the U.S. tax law will increase economic growth modestly but not fast enough to pay for themselves, according to a new estimate from a pair of economists from different sides of the political spectrum.

U.S. Household Net Worth Rises on Higher Stock, Home Values 

The total net worth of U.S. households rose to nearly $100 trillion during the final quarter of 2017, as buoyant stock markets and rising property prices boosted Americans' wealth.


(END) Dow Jones Newswires

March 08, 2018 17:15 ET (22:15 GMT)

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