News Highlights: Top Global Markets News of the Day

Stocks Fall on Retail Sales Data

Major indexes slipped Tuesday after the Nasdaq Composite and S&P 500 set fresh records the day before.

America's Post-Covid-19 Shopping Spree Will Be Bumpy

Retail sales figures sent a mixed message, but the general direction is likely more spending ahead.

Producer Prices Rose Strongly in May, Adding to Inflation Pressures

The prices that suppliers are charging businesses and other customers rose 0.8% from April, with most of the increase coming from goods prices.

Copper Falls to Eight-Week Low on Fear China Might Release Stockpiles

Copper prices fell to their lowest level in eight weeks on concerns that China may tamp down on rising commodity prices and that the metal's red-hot rally has gone too far.

Lina Khan, Critic of Large Tech Firms, Confirmed for Federal Trade Commission

The Biden nominee has been the leader of a movement that says antitrust enforcement has done too little to stop mergers that have eroded competition. Her confirmation gives Democrats at least a temporary majority on the FTC.

End of Boeing-Airbus Spat Begins the Battle With China

The agreement to end a 17-year-long trade war over commercial planes is a necessary step in the face-off against China's Comac.

JPMorgan, Other Major U.S. Banks Excluded From Landmark European Bond Program

The European Union excluded some of the world's largest banks, including Bank of America and UniCredit, from working on a nearly $1 trillion coronavirus relief bond program, citing recent cases in which regulators punished them for forming cartels.

Software Maker Addepar Valued at $2.17 Billion

The wealth-management software provider said it had raised $150 million from New York hedge-fund firm D1 Capital Partners.

Lumber Prices Are Falling Fast, Turning Hoarders Into Sellers

Prices have dropped from record highs spurred by the economic reopening, potentially pointing to an eventual return to normalcy.

Big Banks Required to Fill Board Seats With Women Under ECB Proposal

The European Central Bank wants to include gender diversity as a criterion to approve bank board members and executives, a step that would put further pressure on a sector where the vast majority of senior posts are still held by men.

  (END) Dow Jones Newswires
  06-15-21 1315ET
  Copyright (c) 2021 Dow Jones & Company, Inc.

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