News Highlights: Top Global Markets News of the Day - Thursday at 3 PM ET

The Fed's Rate-Cut Dilemma: Start Big or Small? 
 

That the Fed will cut rates at its meeting next week is all but settled. But how much is shaping up to be a close call.

 
ECB Cuts Interest Rates for Second Time in Three Months 
 

The central bank lowered interest rates by a quarter point, widening a policy gap with the Federal Reserve, which is expected to start cutting rates next week.

 
Wholesale inflation eases again, PPI shows, ahead of Fed interest-rate cuts 
 

U.S. wholesale prices showed a mild increase in August and reinforced the idea the rate of inflation is returning to low prepandemic levels.

 
Jobless claims inch up to 230,000, but still no sign of rising layoffs 
 

The number of Americans who applied for unemployment benefits last week rose slightly to 230,000, but there was still no sign of widespread layoffs even as the job market cooled.

 
U.S. Stocks Rise After Inflation Data 
 

U.S. stocks rose after the latest reading on inflation. All three major indexes were higher, led by the Nasdaq Composite.

 
India Inflation Rose Slightly in August 
 

Inflation in India ticked up a little in August, likely keeping policymakers at the country's central bank on their toes as they plot whether to cut interest rates in the coming months.

 
Investors Adopt Defensive Crouch Ahead of Fed Rate Cut 
 

The utilities sector is neck and neck with tech as 2024's best performing group.

 
China's Slowdown Threatens Pace of Global Oil-Demand Growth 
 

A rapid slowdown in Chinese oil-demand growth is driving down global consumption, reinforcing expectations that demand will peak by the end of the decade, the IEA said.

 
Standard Chartered to Provide Debt Financing for Carbon-Removal Project to Help Scale the Industry 
 

The investment bank will loan to UNDO, an enhanced rock-weathering project developer, in an effort to make similar deals cheaper and more accessible.

 
This 'Bond King' Is Worried About a Recession. What He's Buying Now. 
 

Gibson Smith, of Smith Capital, doubts the Fed can engineer a perfect soft landing. It's time for bond investors to get defensive, he says.

(END) Dow Jones Newswires

September 12, 2024 15:15 ET (19:15 GMT)

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