🔔 Reuters Before the Bell: June 2, 2017

Click to View in Browser Friday, June 2, 2017 World stocks hit record high as upbeat data boosts confidence TOKYO (Reuters) - Global stocks hit a record high on Friday and Asian markets rose to their best levels in more than two years as upbeat data on U.S. manufacturing and employment and buoyant European factory growth boosted investor optimism. Pennsylvania pipeline fight could upend international oil flows NEW YORK (Reuters) - Refiners from the Midwest United States are fighting for access to a vital Pennsylvania pipeline – a move that could cripple their East Coast competitors and redraw the map for international flows of crude and fuel into coveted coastal markets. Strong U.S. job growth expected in May; wage rise seen moderate WASHINGTON (Reuters) - U.S. job growth likely remained strong in May, a further sign of an acceleration in economic activity that would effectively seal the case for an interest rate increase this month despite sluggish wage gains. Oil prices slide amid glut concerns, U.S. withdrawal from climate deal SEOUL (Reuters) - Oil prices dropped on Friday amid worries that U.S. President Donald Trump's decision to abandon a global climate pact could spark more crude drilling in the United States, stoking a persistent glut in global supply. Waymo working on self-driving trucks (Reuters) - Alphabet Inc's self-driving car unit Waymo is working on developing self-driving trucks, the company said on Thursday. How PPG lost its $29.5 billion bet on Dulux paint LONDON/AMSTERDAM (Reuters) - In early March, U.S. paint maker PPG 's Chief Executive Michael McGarry flew from Pittsburgh to Amsterdam to take Akzo Nobel boss Ton Buechner for lunch. Wall Street rises as data points to accelerating economy NEW YORK (Reuters) - U.S. stocks advanced on Thursday, with each of the major U.S. indexes notching record highs, after a batch of economic data suggested the economy was picking up speed. UBS to change how advisers get paid ahead of fiduciary rule deadline NEW YORK (Reuters) - UBS Group AG is changing the way it pays U.S. financial advisers on retirement accounts before a U.S. Labor Department rule goes into effect next week, and halting the sale of a small number of noncompliant products, a senior UBS wealth executive said in an interview. Exclusive: Google faces hefty EU fine in shopping case by August - sources BRUSSELS (Reuters) - EU antitrust regulators aim to slap a hefty fine on Alphabet unit Google over its shopping service before the summer break in August, two people familiar with the matter said, setting the stage for two other cases involving the U.S. company. Pace of U.S. auto sales slows; GM, Ford shares rise anyway DETROIT (Reuters) - The pace of U.S. car and light truck sales slowed in May for the third month in a row despite steep discounts, but investors bid up shares of General Motors Co and Ford Motor Co after executives outlined plans to cut inventories. Related Video Trump withdraws U.S. from Paris climate agreement Wall Street up on economy Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook