News Highlights: Top Global Markets News of the Day - Tuesday at 3 AM ET
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.
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.
Japan's Major Manufacturers Stay Cautious Amid Global Uncertainties
Sentiment among large Japanese manufacturers held steady during the three months to September, a Bank of Japan survey showed, indicating that uncertainties over the global economy kept them cautious about their business outlook.
Dockworkers Launch Strike at Ports From Maine to Texas
Retailers say they can weather a short shutdown but prices are likely to rise and shortages might grow in a prolonged walkout.
Stocks, bonds up in third quarter amid 'soft landing' hopes - but gold beat both
Markets wrapped up a strong third quarter for stocks and bonds, as investors appeared more convinced that the Federal Reserve may pull off a soft landing. Still, gold surged.
The stock market is entering the most volatile month of an election year - but the rally may be here to stay
Wall Street is about to flip its calendar to the most volatile month of a presidential election year, but the record-setting rally seen in the third quarter has investors pondering whether the big gains have staying power.
China's Housing Glut Collides With Its Shrinking Population
Many cities are stuck with empty homes that they will likely never fill, adding to the country's economic woes.
FOMO on China Stock Rally? Think Twice About Buying.
U.S. and European companies with China businesses may not benefit in the same way as domestic firms.
China's Small Businesses Wait for Stimulus Help. They're Wary.
Real estate and job security remain the main concerns for Chinese business owners and consumers.
Australia's Retail Sales Jumped in August
Australian retail sales were much stronger than expected in August as the impact of income-tax cuts in July fed through to spending, while unusually warm weather lifted clothing and cafe sales.
(END) Dow Jones Newswires
October 01, 2024 03:15 ET (07:15 GMT)
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