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News Highlights : Top Global Markets News of the Day

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03/13/2018 | 04:16pm CEST
U.S. Stocks Open Higher 
 

Stocks traded higher after the latest round of inflation data showed consumer prices rose modestly in February and President Trump changed his secretary of state.

 
Tillerson Is Out as Secretary of State; Trump Taps Pompeo 
 

President Donald Trump said Tuesday that Rex Tillerson is out as secretary of state, after months of speculation over his fate, and that CIA Director Mike Pompeo would be nominated to lead the State Department.

 
U.S. Consumer Prices Rose 0.2% in February 
 

The consumer-price index, which measures what Americans pay for everything from shampoo to hotel stays, rose 0.2% in February after rising a seasonally adjusted 0.5% in January.

 
China Targets Risk With Bureaucracy Overhaul 
 

China's overhaul of its financial and business regulators will give the country's leadership more punch in its top-priority battle to fend off deep-seated risks in the banking system and overall economy.

 
Don't Mistake Market Calm for Being Out of the Woods 
 

Investors should search the past for lessons about where we are in the market cycle. 2005 was an instructive moment.

 
Oil Prices Waver Amid Growing U.S. Output 
 

Oil prices wavered between gains and losses as the dollar pared gains, but fresh signs of rising U.S. shale production appeared to put a cap on prices.

 
Trade Conflicts Threaten Global Growth, Says OECD 
 

U.S. tax cuts and government spending increases will likely deliver a boost to the global economy but that could be offset by an escalation of tensions over trade, the Organization for Economic Cooperation and Development said.

 
Cancer Panel Calls for Measures to Lower Drug Costs 
 

A panel that advises the White House on cancer policy said urgent action is needed to curb a dramatic rise in the price of cancer drugs.

 
China's Super-Regulator Can't Kill Shadow Banking 
 

Investors should celebrate a stronger banking and insurance regulator in China. The demise of Chinese shadow banking, however, remains greatly exaggerated.

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