News Highlights: Top Global Markets News of the Day - Monday at 11 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.

 
The Fed May Not Cut Rates in November. What to Do With Treasury Bonds Now. 
 

Friday's jobs report has taken a half-point cut off the table.

 
The Fed Is 'Out of Sync.' Why That's Great News for Stocks. 
 

The strong jobs report is a sign that maybe the Fed doesn't have to keep slashing rates. But with more cuts likely coming, that's good for earnings.

 
Australia's Central Bank Remains Fearful of Resurgence in Inflation 
 

The Reserve Bank of Australia remains concerned about a resurgence in inflation, which is likely to prevent it from joining the global rush by central banks to lower interest rates, at least in the near term.

 
The bull market is nearing its second birthday. Here's why it will likely continue. 
 

The bull market in U.S. stocks is about to turn two years old, the latest milestone for a rally that has surpassed the expectations of all but the most bullish investors on Wall Street.

 
S&P 500's financial stocks near 'summer highs' ahead of bank earnings this week 
 

Stocks in the financial sector are faring better than the S&P 500 so far this month, as investors await quarterly earnings from big banks to start rolling out later this week.

 
Property Insurance Stocks Hit Hard on Concerns about Hurricane Milton Losses 
 

KBW analyst Meyer Shields wrote Monday that Milton could cause "very significant insured losses" of more than $10 billion.

 
The Dow Has Predicted 22 of the Past 24 Elections. What It Says Now. 
 

The stock market's performance bodes well for Harris. While the stats are tantalizing, history isn't necessarily predictive.

 
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.

(END) Dow Jones Newswires

October 07, 2024 23:15 ET (03:15 GMT)

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