News Highlights: Top Global Markets News of the Day - Monday at 1 PM ET

Struggling Eurozone Faces Contraction While U.S. Keeps Pace 
 

The eurozone economy slowed sharply as the third quarter draws to a close, contrasting still-dynamic growth in the U.S., 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.

 
U.S. Stocks Gain; Intel Rises on Takeover Interest 
 

The S&P 500, Nasdaq Composite and the Dow industrials all edged higher. Intel was among the top performers.

 
Bipartisan Spending Deal Would Avert Shutdown, Aid Secret Service 
 

The measure would give the agency an extra $231 million as it increases security for candidates in the final weeks of the election.

 
Israeli Strikes on Hezbollah Targets in Lebanon Kill About 270 
 

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.

 
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 13:15 ET (17:15 GMT)

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