News Highlights: Top Global Markets News of the Day - Friday at 11 AM ET

U.S. consumer sentiment sours in May 
 

The University of Michigan's gauge of consumer sentiment fell to 67.4 in a preliminary May reading, down from 77.2 in the prior month.

 
Dow, S&P 500 Open Higher; Novavax Shares Rocket 
 

The Dow industrials were on a tear as European and Hong Kong markets also made gains.

 
Beijing's 'Digest' Plan Signals Shift in China's Housing Crisis 
 

Beijing's newfound focus on a housing glut marks a sea change in how senior officials view China's festering property crisis, setting the stage for rescue efforts that could range from unprecedented easing for home buyers to billions in state spending to buy up unsold projects.

 
U.K. Returns to Growth as War Shock Fades 
 

The U.K.'s gross domestic product rose 0.6% in the first quarter, a sign that the country is beginning to recover from the damage caused by Russia's invasion of Ukraine.

 
Japan's Stock Market Is Booming. It Isn't All About the Weak Yen. 
 

Although some prominent companies such as Toyota are benefiting from a weaker Japanese currency, the broad impact is mixed.

 
Does Your EV Hurt, or Help, the Economy? 
 

A product that helps the environment yet poses a risk to the economy will lose public backing as it grows. It seems to be happening already.

 
Israeli Forces Push Into Rafah as Gaza Cease-Fire Talks Falter 
 

Israel's military struck what it said were Hamas tunnel shafts in Gaza, while negotiations about a cease-fire and hostage release hit another impasse.

 
The Dow Is a Terrible Index. But It Is Telling Us Something Important. 
 

Though anchored in the past, the Dow Jones Industrial Average captures something about the way the market changes.

 
Even a State-Linked Giant Can't Duck China's Real-Estate Crisis 
 

China Vanke's Hong Kong-listed shares have lost two-thirds of their value over the past year. That is bad news for those hoping the worst is over for China's real-estate market.

 
New Zealand's Manufacturing Sector Remains in Contraction 
 

The country's manufacturing sector showed tentative signs of recovery in April, but remained in contraction, according to the latest BNZ - BusinessNZ Performance of Manufacturing Index.

(END) Dow Jones Newswires

May 10, 2024 11:15 ET (15:15 GMT)

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