News Highlights: Top Global Markets News of the Day - Wednesday at 7 PM ET

Fed's Barkin Sees More Work to Do on Inflation 
 

The Richmond Federal Reserve president supported less restrictive interest rates, but doesn't see 2% inflation until later next year.

 
Dow Edges Higher; Oil Prices Rise Further 
 

The S&P 500, Nasdaq Composite and Dow industrials all closed near flat. ADP data showed the U.S. private sector added 143,000 jobs in September, beating economists' forecasts.

 
ADP jobs report shows 143,000 gain. Cooling U.S. labor market leads to slower wage increases. 
 

U.S. businesses added a higher-than-expected 143,000 new jobs in September , paycheck company ADP said. Yet it was the sixth straight month in which employment gains totaled less than 200,000 in a sign the labor market has cooled off considerably.

 
Israel's Response to Iran Attack Will Drive the Market 
 

The conflict hasn't yet led to a disruption to the real economy through oil, shipping, or other global connections.

 
U.S. Adds to Crude Oil Stockpiles 
 

Gasoline inventories also rose, while distillate fuel oil stocks fell.

 
Saudi Minister Warns of $50 Oil as OPEC+ Members Flout Production Curbs 
 

The kingdom called out members for overproducing, in what was seen as a veiled threat of a price war.

 
SEC Enforcement Director Who Pushed for Big Fines Steps Down 
 

Gurbir Grewal took a tough stance on the fast-growing cryptocurrency industry and pushed for big fines against Wall Street firms.

 
Israeli Response to Iran's Attack to Set the Course of a Widening War 
 

The U.S. is hoping for a measured reaction, but it has limited ability to influence its closest Middle East ally.

 
BOE Warns of Sharp Correction as Geopolitical Worries Mount 
 

Financial markets remain vulnerable to a sharp correction, the Bank of England warned Wednesday as a twice-yearly survey found that geopolitical developments are seen as the greatest threat to stability.

 
Japan Ministers Ask BOJ to Help Complete Exit from Deflation 
 

The new ministers in charge of Japan's economic and fiscal policies have asked the central bank to help recently sworn-in Prime Minister Shigeru Ishiba's administration declare victory over deflation.

(END) Dow Jones Newswires

October 02, 2024 19:15 ET (23:15 GMT)

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