News Highlights: Top Global Markets News of the Day - Monday at 7 AM ET

Eurozone Faces Contraction as Soft-Landing Doubts Mount 
 

The eurozone economy contracted as the third quarter drew to a close, while inflationary pressures cooled, according to a series of business surveys.

 
Pro Take: Look Out for Hungry Unicorns 
 

Venture investors both cheered the Federal Reserve's half-percentage-point interest rate cut last week and acknowledged its effects would take time to ripple through the startup ecosystem. But once they do, look for software unicorns to be on the hunt for mergers and acquisitions.

 
South Korea Can Go Only So Far Copying Japan's Market Reforms 
 

Returns might improve, but the power of chaebols-including Samsung and Hyundai-will limit the gains.

 
China's Central Bank Announces Rate Cut, Injects Liquidity 
 

China's central bank lowered a short-term policy rate and pumped more liquidity into the financial system, as it continues efforts to help boost the economy.

 
The Rate Cut Happened. Not All Borrowing Costs Are Going Down. 
 

The yield on 10-year Treasury notes is a reminder that the Fed doesn't have complete control over borrowing costs.

 
The Fed Is Flying Blind. Investors Don't Seem to Care. 
 

Markets embraced the central bank's spirit of dovishness following the big rate cut this past week.

 
Sorry, the Fed Can't Save Us From a Bear Market 
 

If stocks already were due for a tumble and the economy for a recession, the Fed's rate cut probably didn't avert it.

 
China's Economy Is Sputtering. More Pain May Be Ahead in 2025. 
 

A recession, deflation, and U.S.-style bank bailouts are among the worries about China's economic woes.

 
China's Homeowners Are Outraged. The Property Market Is Still a Mess. 
 

Apartment prices in China are expected to drop at least another 30% in major cities before stabilizing, one analyst says.

 
Gold to Keep Glittering Due to Rate Cuts and More Stimulus to Come 
 

The combination of lower interest rates and a push for more spending by either Harris or Trump should boost gold prices further.

(END) Dow Jones Newswires

September 23, 2024 07:15 ET (11:15 GMT)

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