News Highlights: Top Global Markets News of the Day - Tuesday at 11 AM ET
U.S. Stock Indexes Rise; Chinese Shares Surge on Stimulus Blitz
Stocks mostly inched higher after the S&P 500 and Dow industrials notched new record closes Monday.
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.
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.
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.
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.
Australia's Central Bank Defies Global Trend
The Reserve Bank of Australia kept interest rates steady, deepening a split with global counterparts including the Federal Reserve that are loosening policy as they grow increasingly confident that inflation is under control.
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.
BOE's Bailey Sees Key Interest Rate On Gradual Downward Path
The Bank of England is likely to continue to cut its key interest rate, but is not in a rush to do so, Governor Andrew Bailey said in an interview published Tuesday.
German Recession Angst Mounts as Companies Grow More Pessimistic
German companies are feeling ever less confident, adding to concerns that a moribund manufacturing sector could pull Europe's most important economy back into recession.
A Private-Equity Executive Pushes for Workers' Stake in U.S. Companies
A co-head of KKR's global private-equity business wants to change a 1974 law governing employee stock-ownership plans.
(END) Dow Jones Newswires
September 24, 2024 11:15 ET (15:15 GMT)
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