News Highlights: Top Global Markets News of the Day - Thursday at 3 PM ET

ECB Signals It's Moving Closer to a Rate Cut 
 

Officials held rates steady as they weigh the prospect of cutting before the Fed.

 
Producer Prices Rise 0.2% in March in Favorable Surprise on Inflation 
 

The March producer price index, or PPI, follows a series of disappointing data on inflation.

 
Jobless claims retreat again to 211,000 in another sign of labor-market strength 
 

New unemployment filings are extremely low

 
Nasdaq, S&P 500 Climb After PPI Data Lands 
 

U.S. stocks climbed after wholesale price data came in slightly lower than expected.

 
Fed's Williams sees inflation falling 'closer' to 2% target by next year 
 

"I expect inflation to continue its gradual return to 2%, although there will likely be bumps along the way, as we've seen in some recent inflation readings," Williams said Thursday.

 
IMF Chief Warns Central Banks Against Cutting Too Soon 
 

Central banks should resist the temptation to lower their key interest rates too early and risk a resurgence of inflation, International Monetary Fund Managing Director Kristalina Georgieva said.

 
Mortgage Rates Near 7% Again 
 

The uptick threatens the housing revival that many had hoped for this year.

 
OPEC Sticks to Oil Demand View, Cuts Non-OPEC Supply Growth Forecast 
 

The Organization of the Petroleum Exporting Countries left its estimates for global oil-demand growth unchanged, but lowered its forecast for non-OPEC supply growth for this year and next.

 
Fed Rate Cuts Are Now a Matter of If, Not Just When 
 

U.S. central bank officials started the year with the wind seemingly at their backs. No more.

 
China Shock 2.0 Will Be Different 
 

The latest flood of cheap export goods is a lot more sophisticated and is important to Beijing's long-term plans.

(END) Dow Jones Newswires

April 11, 2024 15:15 ET (19:15 GMT)

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