News Highlights: Top Global Markets News of the Day - Tuesday at 1 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.
U.S. Stock Indexes Waver as Consumer Confidence Softens
Major U.S. stock markets bounced between small gains and losses after U.S. consumer confidence dropped by the largest amount in more than three years.
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.
First Annual Planetary Health Check Flashes Warning Signals
A scientific assessment seeking to evaluate the planet's health on nine indicators, or "boundaries," has found it is already operating outside the "safe" zone in six of nine categories. Most of these indicators are moving in the wrong direction.
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.
(END) Dow Jones Newswires
September 24, 2024 13:15 ET (17:15 GMT)
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