News Highlights: Top Global Markets News of the Day - Wednesday at 9 AM ET

Dow, S&P 500 Futures Rise; GameStop Tumbles 
 

Stock futures pointed to gains while international indexes were mixed, with losses in mainland China.

 
Housing market frozen as home buyers 'hold out' for lower mortgage rates 
 

Mortgage applications dipped 0.7% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.93%.

 
BOE Flags Risk of Sharp Correction in Asset Prices 
 

The Bank of England warned that investors may be too complacent about the challenges facing the global economy, with the result that there is an increased risk of a "sharp correction" in asset prices.

 
Eurozone Sentiment Indicator Ticks Up, Meets Hopes 
 

Confidence in the eurozone economy improved marginally in March, albeit still at subdued levels according to a survey of consumers and managers.

 
Alibaba and Other Chinese Stocks Slide as 'Uneven' Economic Recovery Laid Bare 
 

Chinese industrial activity shows encouraging signs, but sustainable economic growth needs a recovery in the beaten-down property sector.

 
Riksbank Says Rate Cuts Could Start in May or June 
 

Sweden's central bank held its key policy rate at 4% and said that cuts could start in May or June as long as inflation prospects remain favorable.

 
China Industrial Profits Return to Growth 
 

China's industrial profits returned to growth at the start of the year, adding to signs that the world's second-largest economy is on stronger footing.

 
How Clean-Energy Investors Tame Emerging-Market Risks 
 

Concerns about the risks tied to developing regions prevent many clean-energy investors from putting proportionally more money into those markets, but amplify potential returns for those who do, several investment firm executives said Tuesday.

 
UBS, Apollo Complete Securitization Unit Deal 
 

UBS and Apollo Global Management have finalized a deal to offload Credit Suisse's former securitized products business, as the Swiss bank continues its integration after the takeover.

 
Grant's Take: The Housing Market Is Great-If You Don't Need to Move 
 

Home prices rose in January at the fastest rate since 2022.

(END) Dow Jones Newswires

March 27, 2024 09:15 ET (13:15 GMT)

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