News Highlights: Top Global Markets News of the Day - Thursday at 7 AM ET
Futures Edge Down; Bitcoin Rises Back Above $70,000
The S&P 500 remained on track to notch its best start to a year since 2019, though futures were slipping slightly.
The S&P 500 Is Poised for Best Start to Year Since 2019
Resilient corporate profits, enthusiasm around AI and hopes that the Fed will cut rates have given investors plenty of reasons to keep on buying.
Two China Property Giants Lead Drive to Diversify
Some of China's biggest developers are doubling down on asset management and investment property rather than home building, seeking more stable sources of income as hopes for a turnaround in the country's real-estate sector fade.
German Retail Sales Unexpectedly Slide
German retail sales fell 1.9% in February against forecasts for a modest rise, with the weakness symbolizing the woes in the sector as consumer confidence remains sluggish.
Fortune Favors Early Movers in America's Property Crunch
Investors who are willing to buy buildings when everyone else is running scared typically get the biggest rewards.
Why Gasoline Prices Are Rising Faster Than Usual This Year
Fuel costs are once again driving inflation. Don't panic.
UK Confirmed in Recession at End of 2023
U.K. gross domestic product shrank 0.3% between October and December, with the economy hit by high inflation and interest rates that stifled household spending.
China to Lift Tariffs on Australian Wine
China is set to scrap tariffs on Australian wine that have bottlenecked exports to the once-top market for years, in the latest sign of thawing trade relations between the two countries.
RBNZ Fills Two Vacancies on Crucial Monetary Policy Committee as Economy Stalls
Two new appointees are set to join the Reserve Bank of New Zealand's monetary policy committee at a time when the economy remains in recession and expectations about interest-rate cuts are on the rise.
The Fed's Waller Is in 'No Rush' to Cut Rates. Here's Why.
The Fed is in no rush to lower interest rates this year, said Federal Reserve Gov. Christopher Waller.
(END) Dow Jones Newswires
March 28, 2024 07:15 ET (11:15 GMT)
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