News Highlights: Top Global Markets News of the Day - Wednesday at 1 AM ET

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's Central Bank Adds to Easing Blitz With Another Rate Cut 
 

The People's Bank of China delivered another policy rate cut, a day after announcing a slew of monetary easing measures to aid the economy amid concerns that Beijing's annual growth target is increasingly out of reach.

 
Australia's Headline Inflation Rate Falls Back to Target 
 

Headline inflation rate fell to within the Reserve Bank of Australia's target band for the first time since 2021 in August, but economists warn that this won't trigger an immediate rate cut.

 
Stock-market indicator with a near-perfect track record is flashing a 'buy' signal 
 

One closely-watched stock-market indicator is flashing a bright-red buy signal as more companies' shares join the rally.

 
Investors see risks that the inflation battle isn't over yet 
 

Concerns that inflation might not be so easily defeated are starting to creep back into financial markets

 
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.

 
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.

 
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.

(END) Dow Jones Newswires

September 25, 2024 01:15 ET (05:15 GMT)

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