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

Fed's Musalem Sees Gradual Interest Rate Cuts Ahead 
 

A solid economy and inflation trending toward a 2% annual rate support slow-and-steady rate decreases, St. Louis Fed's Alberto Musalem said.

 
U.S. Stocks Drop to Start Week 
 

Major indexes slipped to start the week, reversing course after a blockbuster jobs report sent stocks higher Friday.

 
Housing sentiment jumps to highest level in over two years, Fannie Mae says 
 

A record number of consumers expect mortgage rates to fall over the next year. They're also bracing for an increase in home prices.

 
Israel Is Targeted by Militants in Gaza, Yemen and Lebanon on Oct. 7 Anniversary 
 

The Israeli military said five projectiles fell in central Israel on the anniversary of the militant group's attacks that sparked a multifront war in the Middle East.

 
U.S. credit-card debt declines for second time in past three months, signaling plateau in borrowing 
 

Consumer credit rose $8.9 billion in August, after surging a revised $26.6 billion in July, the Federal Reserve said Monday.

 
Japan to Closely Watch Impact of Yen Moves 
 

Japan's new finance minister pledged to consider policy responses against sharp currency moves based on how they affect the real economy.

 
German Factories Fall Further Behind as Orders Sink 
 

German manufacturing orders fell almost 6% in August, much more than expected, furthering pressure on the struggling sector that offers little sign of a recovery.

 
Big Oil Urges Trump Not to Gut Biden's Climate Law 
 

Oil companies try to persuade the former president and his Republican allies not to slash provisions of the Inflation Reduction Act potentially worth billions.

 
Stock market's soft-landing rally faces CPI inflation test. Here's what investors should do. 
 

Middle East tensions, the port strike and the Fed's interest-rate outlook puts inflation front and center again for the U.S. stock market this week.

 
Corporate Insiders Are Sitting Out the 2024 Stock-Market Rally 
 

Warren Buffett, Jamie Dimon and Jeff Bezos are among the business leaders exhibiting caution.

(END) Dow Jones Newswires

October 07, 2024 19:15 ET (23:15 GMT)

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