News Highlights: Top Global Markets News of the Day - Thursday at 11 PM ET

Fed's Goolsbee says trending economic data justifies multiple rate cuts, starting soon 
 

The longer-run trend of labor-market and inflation data justify the Federal Reserve easing interest-rate policy soon, and then steadily over the next year, Chicago Fed President Austan Goolsbee said Thursday, in an exclusive interview with MarketWatch.

 
Dow Industrials, S&P 500 Close Lower Ahead of Crucial Jobs Report 
 

Fresh signs that the labor market could be weakening pushed bond yields and the S&P 500 lower ahead of a pivotal jobs report.

 
This Jobs Report Is High Stakes. How the Fed Might Be Pressured. 
 

Friday's August jobs report will be a critical data point for the Fed's September interest-rate decision.

 
Markets are uneasy as a U.S. recession looks more likely 
 

Investors have been extra sensitive to weak economic data and talk about an upcoming recession.

 
How Miners Regained Their Appetite for Deals 
 

Mining companies are flush with cash after the Covid-19 pandemic prompted a wave of stimulus spending on infrastructure.

 
OPEC+ delaying its oil-output increase won't solve 'pervasive' worries over weak demand 
 

The Organization of the Petroleum Exporting Countries and its allies on Thursday decided to postpone an increase in crude-oil production. But supplies aren't the only problem for oil.

 
The Japanese yen still poses 'a very big risk' to global markets. Here's why. 
 

There's one big factor behind early August's scare in the U.S. stock market which hasn't gone away and has little to do with a U.S. economic slowdown. It's the popular currency approach known as the carry trade.

 
China's Market Is Changing. Global Companies Need to Adjust to the New Competitive Reality. 
 

Banking on the size of China's market is no longer a path to global success, Alfredo Montufar-Helu writes in a guest commentary.

 
ADP says businesses add just 99,000 new jobs. Slowdown in hiring points to softer economy. 
 

U.S. businesses generated just 99,000 new jobs in August, paycheck company ADP said, to mark the smallest increase since 2021 in another sign of a rapidly cooling labor market.

 
Jobless claims drop to 8-week low. Hiring has slowed, but layoffs aren't rising. 
 

The number of Americans who applied for unemployment benefits last week fell slightly to 227,000 and touched a 8-week low, reinforcing the view that companies are reluctant to lay off workers even as they clamp down on new hiring.

(END) Dow Jones Newswires

September 05, 2024 23:15 ET (03:15 GMT)

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