News Highlights: Top Global Markets News of the Day - Monday at 5 AM ET
China Economic Data Paints Mixed Picture
China's consumption expanded at a faster pace in May as Beijing moved to boost domestic demand, while investment was weighed by sluggishness in the property sector.
The Good News in This Mixed Bag of an Economy
Strengths in some parts are balancing out weaknesses, which makes the bigger picture harder to nail down.
Bitcoin Falls Below $66,000 as Bond Yields Weigh. Cryptos Are Lacking Catalysts.
Bitcoin hit a record high near $74,000 in mid-March amid a surge of interest from new spot exchange-traded funds but its price has dropped since then.
Kaskhari says it's 'reasonable' to predict Fed won't cut rates until December
It's a "reasonable prediction" that the Federal Reserve will wait until December to cut interest rates, Minneapolis Fed President Neel Kashkari said Sunday.
Big Tech - not the Fed - is driving the stock-market rally. Here's what investors need to know.
Big tech, not the Federal Reserve, is once again driving the rally across U.S. equities, offering hope to some investors that the stock market could shrug off concerns about the interest-rate outlook to sustain its upward momentum.
Investors Fear Long Stretch of Calm in Markets Can't Last
With stock indexes at record highs, market volatility has been exceptionally low.
A Big Bond Rally Is Promising Some Help for Home Buyers
The sharp rise in bond prices has pushed down the yield on the 10-year U.S. Treasury note, a benchmark for mortgage rates and other borrowing costs across the economy.
Pensions Piled Into Private Equity. Now They Can't Get Out.
Retirement funds are seeking cash while money is languishing in zombie investments.
Oil M&A Stays Hot. Here's Who's Still Making Deals.
The big players in oil and gas like ExxonMobil are getting bigger, because of major acquisitions they've made over the past year. Now the smaller players are bulking up, too.
Kroger, Lennar, and More Stocks to Watch
Markets will be closed on Wednesday for Juneteenth. Plus, earnings reports, retail sales data, and Bank of England and Swiss National Bank interest-rate decisions.
(END) Dow Jones Newswires
June 17, 2024 05:15 ET (09:15 GMT)
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