News Highlights: Top Global Markets News of the Day - Wednesday at 5 AM ET
China Central Bank Remarks Suggest Bond-Trading Liquidity Boost Not Imminent
The PBOC has reinforced views that it is unlikely to deliver a big liquidity boost via bond trading after the finance ministry voiced support for the central bank to resume such trading.
Indonesia Central Bank Delivers Surprise Rate Hike as Rupiah Tumbles
The country's first rate rise of the year is aimed at bolstering the rupiah as it languishes around four-year lows versus the dollar.
The Folly of China's Real-Estate Boom Was Easy to See, but No One Wanted to Stop It
Developers, home buyers and Western bankers all ignored warning signs, but not two accountants who went looking for "financial anomalies" and "shenanigans."
German Business Mood Brightens Further
Sentiment among German companies ticked higher for a third-straight month in April, despite slow economic growth expected in the early part of this year.
Australia's Inflation Remains Strong
Australian consumer price inflation remained strong in the latest quarter, illustrating the challenge the country's central bank faces in bringing inflation back to target and adding uncertainty around the timing of interest-rate cuts.
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.
Why gold's 3% dip may help fuel a run to fresh record highs
Here's what could return gold to record highs.
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.
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.
(END) Dow Jones Newswires
April 24, 2024 05:15 ET (09:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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