News Highlights : Top Global Markets News of the Day

Original Source    2018-06-14 00:06

U.S. Economy Seen Chugging Ahead of Europe and Asia
The U.S. economy is revving up just as those in Europe and Asia lose steam, ending a rare period in which the world’s dominant economies were accelerating in tandem.
Stocks Stabilize as Central Banks Signal Gradual Tightening
U.S. stocks stabilized, suggesting investors are coming to terms with central banks’ plans to gradually leave behind a decade of unprecedented monetary stimulus.
Nafta Talks Will Extend Into Summer, Canadian Official Says
Discussions on the North American Free Trade Agreement will continue into the summer, Canada’s Foreign Minister Chrystia Freeland said following a face-to-face meeting in Washington with the Trump administration’s chief trade envoy on Thursday.
ECB to End Bond-Buying Program in December as Crisis-Era Policies Wind Down
The European Central Bank is closing a chapter on one controversial policy, government bond purchases, while extending the life of another: negative interest rates.
Federal Government Doesn’t Have to Pay Billions to Insurers, Court Rules
The ruling had been eagerly awaited by insurance companies who have sought more than $8 billion in payments under the Affordable Care Act.
Fed Limits Credit Exposure Big Banks Can Have With Each Other
The Federal Reserve capped the amount of exposure the largest banks operating in the U.S. can have with each other, putting in place a long-awaited rule to reduce the chance of snowballing credit risk in the financial system during times of crisis.
Ether Shouldn’t Be Subject to SEC Regulation, Official Says
Ether, a cryptocurrency on par with bitcoin, isn’t subject to the extensive investor-protection rules the U.S. securities regulator enforces.
IMF Sees U.S. Potential Growth at Half the Pace of White House Estimates
The International Monetary Fund warned that the economic boost from last year’s tax cuts in the U.S. will fade in 2019 and 2020, and the U.S. economy will then slow considerably.
Retail Sales Soared in May
Americans spent a big chunk of their paychecks on retail goods in May, one of several developments helping lift the economy to a stronger phase of growth this year.
U.S. Jobless Claims Fell Last Week
The number of Americans filing new claims for unemployment benefits fell last week, the latest sign employers are reluctant to dismiss workers in a tight labor market.




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