News Highlights: Top Global Markets News of the Day - Tuesday at 11 PM ET

China PBOC Cuts Key Policy Rate 
 

China's central bank cut a key policy rate just one day after announcing several monetary easing measures to boost lending amid concerns that Beijing might miss its official annual growth target this year.

 
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%.

 
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.

 
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.

 
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.

 
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.

 
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.

 
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.

(END) Dow Jones Newswires

September 24, 2024 23:15 ET (03:15 GMT)

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