News Highlights: Top Global Markets News of the Day

North Korea Worries Send Global Markets Lower

Rising tensions between the U.S. and North Korea weighed on Asian markets Wednesday, fueling profit-taking in stocks, while investors sought safety in the yen.

Dow Ends Winning Streak

The Dow Jones Industrial Average finished lower Tuesday, ending the blue-chip index’s streak of record highs.

U.S. Growth Seen Steadying, Soothing Slowdown Fears

The U.S. is set for steady economic growth, according to leading indicators from the Organization for Economic Cooperation and Development, which previously hinted at a slowdown.

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Tillerson Presses Asian Nations to Clamp Down on North Korea

U.S. Secretary of State Rex Tillerson ramped up pressure on Southeast Asian countries to shut down North Korean front companies and squeeze Pyongyang’s diplomatic presence in the region.

There Is a Gap Between Australian Business and Consumer Confidence

A gap has opened up between glum consumer confidence and soaring business sentiment in Australia, clouding the outlook for the economy and complicating matters for policy makers.

Crude Falls as Oversupply Worries Weigh

Oil prices gave back gains Tuesday, as projections for U.S. oil production climbed and other major oil-producing nations met to discuss compliance to a deal to curb output.

What Could Possibly Ruin Traders’ Summer Vacations?

It is the dog days of summer for investors-trading has slowed as stocks have risen steadily around the world. Still, August is known for offering financial markets a range of surprises.

German Economy Seen Growing Despite Weak Export, Factory Data

Europe’s largest economy is likely to continue to grow at a robust pace, despite some recent weak data points, economists say.

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China’s Economy Gets Smaller Boost From Trade

China’s unexpectedly robust economy is still getting a boost from trade, with exports and imports growing last month, albeit at a more moderate pace.

U.S. Small-Business Confidence Rises in July

Small-business owners’ confidence about their economic situation rose in July, as stronger customer demand overpowered “dysfunction” in Washington and employers worked to hire more.

(END) Dow Jones Newswires

August 09, 2017 01:15 ET (05:15 GMT)

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