News Highlights: Top Global Markets News of the Day

News Highlights: Top Global Markets News of the Day

China’s Economy Was Losing Steam Even Before Trump’s New Tariffs Economic activity in China cooled across the board last month, undoing a brief surge earlier in the year and raising questions about the vitality of the world’s second-largest economy. German Economy Rebounds Germany’s economy grew 0.4% in the first quarter after narrowly avoiding recession late last year, easing the pressure on policy makers in Europe as the outlook darkens for global trade. Fed’s George Sees Trade, Foreign Slowdown as ‘Biggest Risk’ to Economy Kansas City Fed President Esther George said trade and overseas economic issues present a potential risk to the economy, in remarks that also said there is "little reason to be concerned" about inflation levels that are well short of the central bank’s 2% target. U.S. Import Prices Climb More Slowly Than Expected Prices of foreign-made goods imported to the U.S. rose in April at their slowest pace in three months, a sign that a strong dollar may be contributing to low U.S. inflation. Attacks to Raise Security, Insurance Costs for Persian Gulf Oil Shipments Recent attacks on Saudi Arabian oil tankers and pipelines are set to increase the cost of insuring and securing crude shipments in the Persian Gulf region, added expenses that will likely lead to higher oil prices, industry executives say. Trump Sees China Trade Deal ‘When the Time Is Right’ President Trump signaled he was in no rush to reach a deal with China and pledged that the federal government would come to […]

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