News Highlights: Top Global Markets News of the Day - Tuesday at 9 PM ET
Consumer confidence plunges on weaker job market and high cost of living. Americans are anxious ahead of election.
Consumer confidence fell in September to a three-month low ahead of a pivotal U.S. election whose outcome could hinge on which presidential candidate voters think will do a better job on the economy.
Indexes Waver; Chinese Shares Surge on Stimulus Blitz
The S&P 500 added 0.25%, closing at a record high for the second straight session. The Dow Jones Industrial Average ticked up 0.2% - also hitting a record. The Nasdaq Composite advanced 0.6%.
China Tries to Jolt Ailing Economy
China's central bank announced an unusually broad package that signals growing unease in Beijing after a run of downbeat numbers on jobs, spending and inflation.
Home prices grew at the slowest pace in 8 months, Case Shiller says, but still inch up to new record high
Case-Shiller 20-city home price index rose 5.9% year-on-year in July.
Fed's Bowman says inflation remains a concern despite recent progress
"While it has not been my baseline outlook, I cannot rule out the risks that progress on inflation could continue to stall," Fed Gov. Michelle Bowman said.
Bank of Canada Gov. Macklem Says Growth Needs to Accelerate to Maintain 2% Inflation
Bank of Canada officials want growth to accelerate and absorb the sizable amount of spare capacity in the economy, Gov. Tiff Macklem said Tuesday, arguing this is a requisite to keep inflation at or near its current 2% level.
Canadian Grain Terminal Workers Strike, Risking Exports
The walkout on Canada's west coast is the latest in a string of labor actions to hit the country's supply chains.
Peak Oil Demand Isn't on the Horizon, OPEC Says
The cartel said oil demand is forecast to reach 120.1 million barrels a day in 2050 from 102.2 million barrels a day last year.
Israeli Strikes Target Hezbollah Missile Commanders as Lebanese Flee Homes
The Israeli military launched dozens more airstrikes following the worst bout of bloodshed between Israel and Hezbollah since their monthlong conflict in 2006.
BOJ Governor's Cautious Comments Damp Speculation of October Hike
Kazuo Ueda dampened speculation over another interest rate hike in October after he said the Japanese central bank can wait to act until uncertainties over the economic outlook clear.
(END) Dow Jones Newswires
September 24, 2024 21:15 ET (01:15 GMT)
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