News Highlights: Top Global Markets News of the Day - Friday at 7 AM ET

EU to Move Ahead With New Tariffs on Chinese-Made EVs 
 

The bloc approved tariffs of up to 45% on EVs made in China, defying pleas from some European auto executives who fear retaliation from Beijing.

 
Asian Shipping Stocks Fall After U.S. Port Workers Suspend Strike 
 

Shares of Asian shipping companies fell sharply after U.S. port workers suspended a three-day strike, dashing hopes for higher freight rates as a result of limited supply.

 
U.S. Port Workers Agree to End Their Strike 
 

Companies sweeten contract offer to a 62% wage increase to reopen ports from Maine to Texas.

 
BOE's Pill Sees Need for Caution in Cutting Key Rate 
 

The BOE should proceed cautiously in lowering borrowing costs as inflation cools, Chief Economist Huw Pill said Friday.

 
European IPO Revival Still Lags Behind U.S. 
 

Europe's market for initial public offerings got off to a lively start in the fourth quarter, winding down a better year for new listings, though levels continue to lag the average and trail the U.S.

 
Food Prices Rose at Fastest Rate in 18 Months in September 
 

Food prices saw their fastest increase in 18 months in September, with the prices of all commodity groups rising, led by sugar, the Food and Agriculture Organization of the United Nations said.

 
French Factory Production Shows Signs of Recovery 
 

Manufacturing output grew more quickly than expected in August, a bright sign in a sector that has struggled to recover from recent shocks.

 
U.K. Retail Footfall Rises for First Time in a Year 
 

The number of visitors to stores rose 3.3% in September, boosted by the mild temperatures, according to a study.

 
Japan PM Instructs Ministers to Compile Comprehensive Economic Package 
 

Shigeru Ishiba said the stimulus package will focus on easing the burden of rising living costs, boosting growth and strengthening relief and preparedness measures for natural disasters.

 
Investors fearing a scary start to October should focus instead on Friday's jobs report 
 

Jobs data still holds sway when it comes to the Fed and interest rates, making it crucial to a jittery market

(END) Dow Jones Newswires

October 04, 2024 07:15 ET (11:15 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.