Breaking: Top Global Market News

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2022-10-04

Stocks Close Out Losing Week, Month and Quarter




Major stock benchmarks declined more than 1% Friday as investors considered consumer-spending figures and the Federal Reserve's preferred inflation gauge.




OPEC+ to Weigh Production Cut to Bolster Oil Prices




The group is considering an output reduction of 1 million barrels a day, its biggest cut since the pandemic began, as the economic slowdown hurts demand.


Japan Large Manufacturers' Sentiment Weakens




Sentiment among Japan's large manufacturers deteriorated in the three months to September, the third straight quarter it has worsened, amid lingering concerns over supply shortages.




U.K.'s Central Banker Faces Inflation, a Financial Crisis and His Own Government




Bank of England Gov. Andrew Bailey intervened in bond markets to avert market turmoil while also trying to reassure investors that he still plans aggressive rate rises to tamp down U.K. inflation that could reach 11% this year.


Economy Week Ahead: U.S. Jobs Market and Trade in Focus




New data will provide details on the labor market's health and the U.S. trade deficit.




Battered Investors Now Find Thrills in T-Bills




The stability of Treasury bills is attracting investors weary of seesawing vehicles such as cryptocurrencies.


Cargo Shipowners Cancel Sailings as World Trade Flips to Empty Containers From Backlogs




Dozens of sailings from Asia to U.S. ports are set to be canceled in October as deteriorating economic conditions weigh on demand to ship goods worldwide.




Central Banks' Higher Rates, Bond Sales Clash With Government Needs




Central banks and governments are on a collision course in their efforts to bolster economic growth and contain inflation.


Inflation Keeps U.S. From Stepping In to Slow Dollar's Rapid Rise




A strong greenback poses risks for global financial turmoil, but it helps fight domestic inflation.




Investors Aren't Betting on Post-Midterm Rally




A tough market has investors wondering whether 2022 will dent an 80-year record of notching gains after midterm elections.

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