News Highlights: Top Global Markets News of the Day - Monday at 5 PM ET

Fed's Powell Says Rate Cuts Can Sustain Soft Landing, but Sees No Need to Rush 
 

Federal Reserve Chair Jerome Powell said the economy was in solid shape. "We intend to use our tools to keep it there," he added.

 
S&P 500 Edges Higher After Powell Says Rate Cuts Will Continue 
 

U.S. stocks capped off a strong quarter by edging higher Monday after Federal Reserve Chair Jerome Powell suggested that the central bank would likely refrain from extra-large interest-rate cuts if the economy remains solid.

 
A Dockworkers Walkout Would Close Ports From Maine to Texas and Slam the U.S. Economy 
 

The International Longshoremen's Association, which represents 45,000 dockworkers from Maine to Texas, is pushing for a 77% pay increase.

 
Lagarde More Confident of Meeting Inflation Target 
 

The European Central Bank is more confident that inflation is going to settle at its target after a series of recent data releases, and will take that into account when it next sets policy, President Christine Lagarde said Monday.

 
Chicago business-activity index remains in contraction territory for 10th straight month 
 

The Chicago Business Barometer, the gauge of business activity also known as the Chicago PMI, rose to 46.6 in September from 46.1 in August.

 
German Inflation Falls Further Below ECB Target 
 

German inflation declined further below the European Central Bank's 2% target in September, further raising the pressure for a consecutive interest-rate cut at the bank's next meeting in October.

 
A Week of Shock and Awe Ignites China's Stock Markets 
 

While hopes are high, the wider Chinese economy-in particular its languishing property market-will take longer to recover.

 
Nikkei's Message to Japan's New Leader: Higher Taxes Are Bad for Stocks 
 

The Nikkei Stock Average saw its largest tumble in eight weeks on fears of higher taxes under Japan's incoming Prime Minister Shigeru Ishiba.

 
Israeli Special Forces Launch Raids Into Lebanon Ahead of Possible Ground Incursion 
 

The small, targeted raids are aimed at gathering intelligence ahead of an expected broader ground incursion.

 
Aluminum Cans Froth Up in Shift for Beverage Industry 
 

Two of the world's largest aluminum can makers, Ball and Crown Holdings, forecast higher volumes and greater market share.

(END) Dow Jones Newswires

September 30, 2024 17:15 ET (21:15 GMT)

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