News Highlights: Top Global Markets News of the Day - Monday at 11 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.

 
Labor market is not 'flashing red,' two top Fed officials say 
 

Two top Federal Reserve officials on Monday said that they don't think the labor market is weakening dangerously - but the risk of further softening called for last week's half-point cut in the policy rate.

 
S&P 500 Moves Higher 
 

The S&P 500 and Nasdaq rose modestly, while the Dow was little changed.

 
Israeli Strikes on Hezbollah Targets in Lebanon Kill About 180 
 

The attacks mark the deadliest day of conflict in Lebanon since October, as Israel warned residents to evacuate from places near where it asserts Hezbollah stores weapons.

 
U.S. business activity suffers small loss of momentum in September, PMI shows 
 

Optimism about the outlook in the year ahead deteriorated sharply to the lowest level since October 2022, in part due to uncertainty regarding the presidential election.

 
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.

 
U.S. Economy Stabilized in August, Chicago Fed Says 
 

Economic growth rebounded a little last month but the broader trend remained weak amid high borrowing costs and political uncertainty, the Federal Reserve Bank of Chicago said.

 
The Rate Cut Won't Save These Real-Estate Owners 
 

Relief from lower interest rates is coming too late for many highly indebted commercial-property investors.

 
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.

(END) Dow Jones Newswires

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

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