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

 
Dow Rises More Than 700 Points 
 

U.S. stocks gained in the wake of more earnings and the Federal Reserve's preferred inflation gauge meeting economists' expectations.

 
U.S. Inflation Data Keeps Door Open For September Interest Rate Cut 
 

Excluding volatile food and energy prices, PCE inflation rose 2.6%, the same as in May. The data keep alive prospects of interest rates declining later this year.

 
Consumer sentiment stuck at 8-month low on inflation angst 
 

Consumers' optimism on the U.S. economy remained stuck at an eight-month low in July because of frustration with lingering inflation, especially among lower-income households that feel the financial strain the most.

 
China's Rate Cut Flurry Signals Phasing Out of Key Lending Tool 
 

Economists have widely interpreted this week's unusual sequence of events as evidence that the medium-term lending rate's importance is being purposefully diminished as the PBOC pushes to let short-term rates play a more prominent role in guiding markets.

 
Russia's Central Bank Raises Its Key Rate as War Overheats Economy 
 

The Bank of Russia signaled it is likely to raise borrowing costs again to tame a pickup in inflation driven by the diversion of manpower and other resources to sustain the country's attack on Ukraine.

 
The New Threat to the Chip Industry: Worker Unrest 
 

With the industry growing in importance and investment pouring in, workers are demanding greater pay and benefits.

 
DexCom, 3M, Nvidia, Bristol Myers, Coursera, Biogen, Charter, Deckers, and More Stock Market Movers 
 

DexCom falls sharply after cutting its fiscal-year sales forecast, 3M and Bristol Myers surge after the companies post better-than-forecast earnings, and Biogen tumbles after European regulators reject its Alzheimer's treatment.

 
French Consumers Perk Up as Incomes Steadily Improve 
 

French consumers felt a little less pessimistic this month, suggesting rising real incomes are offsetting political and economic headwinds in the eurozone's second-largest member.

 
Singapore Central Bank Sees Stronger Economic Growth Ahead 
 

Singapore's central bank left its monetary policy settings unchanged for a fifth straight time as it tweaked its economic outlook, expecting cooler inflation and stronger growth.

 
Glynn's Take: Divergence in Australia, New Zealand Central Banks Offers Global Lessons 
 

The Southern Hemisphere presents a microcosm of the debate over how hard central banks should stomp on inflation.

(END) Dow Jones Newswires

July 26, 2024 15:00 ET (19:00 GMT)

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