News Highlights: Top Global Markets News of the Day - Thursday at 5 AM ET

Hong Kong stocks lead global surge on reports of more China stimulus measures 
 

Hong Kong's equity market hit a one-year high and led a surge in global stocks as the China-stimulus-induced risk-asset rally received further propulsion

 
China Politburo Pledges More Support for Economy 
 

China's top leaders surprised markets by pledging even more support for the economy, sparking hopes that policymakers are readying the sort of fiscal stimulus analysts say is key to the country's recovery.

 
China Market Support May Fizzle Out If Key Issues Remain Unsolved 
 

China's push to bolster its stock markets has stirred optimism, but begs the question of whether investors will take the bait amid lingering doubts about the economy's underlying weakness.

 
Swiss Central Bank Delivers Another Rate Cut 
 

Switzerland's central bank cut its key interest rate for the third straight meeting as it pivots away from worries about high inflation toward concerns about the impact of a strong currency on exporters.

 
The Fed Wants to Lower Interest Rates Gradually. Wall Street Sees it Differently. 
 

Fed officials are betting that a slow-and-steady series of rate declines will keep the economy humming and inflation in check.

 
Congress Approves Bill Averting Government Shutdown Before Election 
 

President Biden is expected to sign the measure funding agencies through Dec. 20.

 
Fed's Kugler Sees Plenty More Rate Cuts Ahead 
 

Fed Gov. Adriana Kugler expects slowing inflation and lower interest rates. High rates have weighed on the labor market and economy enough.

 
Harris Puts Government Intervention at Heart of Economic Policy 
 

In an appeal to blue-collar workers, the vice president pledges to use tax credits to spur domestic manufacturing.

 
German Consumer Sentiment Improves But Outlook Still Gloomy 
 

The consumer mood in Germany improved slightly this month but remained at a still-subdued level, and combined with declining economic expectations and data, show Europe's largest economy continues to slow.

 
EBRD Sees Gaza Conflict Taking Increased Toll on Region 
 

Economies in North Africa and the Eastern Mediterranean will grow more slowly than expected this year as a series of droughts adds to the damage caused by the conflicts in Gaza and Lebanon, the EBRD said.

(END) Dow Jones Newswires

September 26, 2024 05:15 ET (09:15 GMT)

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