News Highlights: Top Global Markets News of the Day - Friday at 3 AM ET

Dow, S&P 500 Hit Records After Rate Cut 
 

Industrials push above 42000 in delayed response to Fed lowering rates; tech shares and risky assets rise.

 
Traders brace for volatility as more than $5 trillion in options set to expire in latest 'triple witching' 
 

It's that time again: Investors will see option contracts tied to more than $5 trillion in tradeable stocks expire on Friday in the latest quarterly "triple witching" event.

 
China Leaves Benchmark Lending Rates Unchanged, Defying Expectations 
 

The People's Bank of China shrugged off expectations for a cut following the Federal Reserve's outsize rate cut earlier this week.

 
Japan's Central Bank Keeps Rates Unchanged 
 

The Bank of Japan left its short-term policy rate unchanged Friday as it examines how the economy and markets are digesting its most recent interest-rate increase.

 
Japan Consumer Inflation Picked Up in August 
 

Japan's consumer inflation grew at a faster pace in August and stayed well above the Bank of Japan's 2% target amid expectations for an additional rate increase in the near term.

 
U.K. Consumers Turn Notably Gloomier, Survey Says 
 

Consumers in the U.K. have become significantly more pessimistic this month, pointing to weaker personal finances and economic activity.

 
U.K. Shoppers Keep Spending as Sun Shines 
 

Retail sales were 1% higher in August than in July, helped by warmer weather and end-of-season discounts, in a boost to economic growth.

 
House Republicans Defy Trump's Call for Brinkmanship on Shutdown 
 

Party leaders are discussing a three-month deal that is expected to be amenable to Democrats.

 
Americans Are Desperate for Relief. The Rate Cut Is a Glimmer of Hope. 
 

The Fed's cut won't be immediately felt by everyone, but for some it is the start of a big change.

 
Why Fed Rate Cuts Are Hurting Treasury Bonds 
 

With a recession unlikely, at least for now, the floor is likely in.

(END) Dow Jones Newswires

September 20, 2024 03:15 ET (07:15 GMT)

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