News Highlights: Top Global Markets News of the Day

Investors Bet on Higher Rates as U.S. Inflation Firms

Investors' bets that the Fed will deliver a fourth interest-rate increase in 2018 touched their highest levels this year on Wednesday, as the intensifying trade spat between the U.S. and China threatens to add to mounting inflation pressures.

Stocks Regain Ground After Losses

U.S. stocks rose, putting major indexes on track for a rebound from a trade-driven market midweek selloff.

WSJ Survey: Economists See Fed on Autopilot

Economists surveyed by The Wall Street Journal see the Federal Reserve moving in a regular pattern of quarterly interest-rate increases to keep the economy on a steady footing.

U.S. Forecasts Larger-Than-Expected Soybean Stocks on China Trade Fight

U.S. soybean stockpiles are due to grow more than expected next year, as Washington's trade dispute with Beijing eats into demand for American crops.

Global Regulators Push for Faster Transition Away From Libor

Global regulators made a coordinated push Thursday urging banks and traders to hasten their transition away from using the scandal-plagued London interbank offered rate.

After Week of Turmoil, U.K. Publishes Its Plan for Brexit

The U.K. published in detail its long-awaited plan for its future economic relationship with the EU, including proposals that have disappointed the financial-services industry.

Turkey's Finance Minister Vows to Fight Inflation

Turkish Finance Minister Berat Albayrak sought to quell investor concerns that his nomination and measures giving President Erdogan increased power over the central bank heralded loose monetary policy.

ECB Officials Open to Extending QE Amid Trade Threat, Meeting Minutes Show

European Central Bank officials explicitly left open the option of extending their bond-buying program again at a policy meeting last month, worried that international conflicts over trade could aggravate a recent slowdown in the eurozone economy, according to meeting minutes.

Oil Outages to Stretch Spare Capacity, Warns IEA

Global oil outages may push spare production capacity to the limit, a top energy body warned, hinting it would be ready to tap its emergency supplies if needed.

U.S. Consumer Price Increases Are Eating Away Worker Wage Gains

U.S. consumer prices rose for a third straight month in June, eating away at sluggish wage growth and sending inflation to its highest rate in more than six years.

  (END) Dow Jones Newswires
  07-12-18 1315ET
  Copyright (c) 2018 Dow Jones & Company, Inc.

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