News Highlights: Top Global Markets News of the Day - Tuesday at 7 AM ET

Stock Futures Edge Lower With Bank Earnings in Spotlight 
 

Stock futures were lower as markets faced a heady mix of earnings, rising tensions in the Middle East and questions about the prospect for interest-rate cuts.

 
Rate Cuts Are Direction of Travel, BOE's Lombardelli Says 
 

The Bank of England is likely to cut its key interest rate over the coming months, but exactly when is uncertain, the incoming deputy governor for monetary policy said.

 
Diverging Fed-ECB Policy Outlook Widens U.S.-German Yield Differential 
 

Diverging prospects for interest rates in the U.S. and eurozone have widened the gap between Treasury yields and Bunds, a trend analysts expect to continue as data point to a strong U.S. economy against a tepid eurozone recovery.

 
U.K. Labor Market Cools Again, Making Rate Cuts More Likely 
 

Unemployment ticked higher and wage growth slowed in the U.K. in the three months to February, adding to signs that inflation is easing and making interest-rate cuts likelier in the coming months.

 
Big Tech Is Downsizing Workspace in Another Blow to Office Real Estate 
 

The pullback marks a sharp reversal after years when companies had been bolstering their office footprints by adding millions of square feet of space.

 
China's Factories Drive Uneven Economic Recovery 
 

The world's second-largest economy grew 5.3% to start the year, but there were familiar signs of weakness in consumption and real estate.

 
Fitch Ratings Downgrades Outlook for Chinese State-Owned Banks 
 

Fitch Ratings has downgraded the outlook for six Chinese state-owned banks amid concerns about the government's ability to support the sector in the event of stress.

 
Market Reaction to Iran Attack Tells Us Stocks Aren't in a Bubble 
 

The swings on Friday and Monday put to bed for now concerns that a bubble has been forming.

 
Wall Street Is Betting OPEC+ Can Fend Off $100 Oil 
 

Traders expect spare capacity will cap crude prices despite the conflict in the Middle East.

 
China's Air Passenger Numbers Surge in First Quarter 
 

Chinese air passenger numbers surged at the start of the year amid pent-up domestic travel demand and government stimulus to revive cross-border travel.

(END) Dow Jones Newswires

April 16, 2024 07:15 ET (11:15 GMT)

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