News Highlights: Top Global Markets News of the Day - Tuesday at 5 PM ET

Big Tech Leads Market Rally Ahead of Earnings 
 

Investors breathed a sigh of relief as Treasurys and oil prices stabilized.

 
World Primed for More Balanced Growth as U.S. Cools, Peers Pick Up Pace 
 

Activity in the U.S. private sector slowed in April amid signs of a pickup in other leading economies, a sign that global growth is set to be more broadly balanced this year.

 
New-home sales post biggest jump since December 2022 
 

New-home sales were at a 693,000 annual rate in March, compared with 637,000 in February.

 
Blackstone's Beleaguered Real-Estate Fund Stems Exodus 
 

The firm was able to fulfill all investor redemption requests in February and March for the first time since late 2022.

 
Israel Wants Hamas Out of Gaza but Even Uprooting It From the North Hasn't Worked 
 

Eradicating the militant group from the enclave has proved an elusive goal for Israel, whose forces confront a resurgence in areas they had declared cleared.

 
Cathie Wood's Popular ARK Funds Are Sinking Fast 
 

Investors have pulled a net $2.2 billion from ARK's active funds this year, topping outflows from all of 2023.

 
BOE Chief Economist Pill Says Key Rate Cut Is Some Way Off 
 

A first cut in the Bank of England's key interest rate remains some way off, its chief economist said.

 
ECB Will Consider Fed's Progress When Deciding on Rate Cuts, De Guindos Says 
 

The ECB will take account of the Fed's progress in lowering inflation when it decides the pace of cuts to its key interest rate after a first move in June, its vice president said in an interview.

 
U.K. Flagship FTSE 100 Index Hits Fresh Record High 
 

The U.K.'s FTSE 100 opened at an all-time high as weakness in the pound and easing geopolitics boosted the performance of the blue-chip index.

 
Driebusch's Take: String of Successful IPOs Suggest Risk Tolerance Is Rebounding 
 

Cybersecurity software company Rubrik is listing its shares in a long-awaited initial public offering this week, the latest in a string of high-profile IPOs.

(END) Dow Jones Newswires

April 23, 2024 17:15 ET (21:15 GMT)

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