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News Highlights: Today's Top Global Market News – Monday at 9 p.m. ET
Tech Stocks Lift U.S. Indexes; Consumer-Confidence Data Disappoints
All three major indexes rose, supported by rising technology stocks. Consumer shares fell after a report showed weaker-than-expected consumer confidence.
RBA Opens Door to Cuts Next Year if Inflation Continues to Fall
The Australian central bank The Reserve Bank of Australia is increasingly convinced that inflation is sustainably returning to its target.
Two-year U.S. manufacturing slump shows little sign of ending
Durable goods orders fall for the third time in four months. The report comes out a day early after Biden's executive order on Christmas Eve.
Bank of Canada Officials Believed They Could Be Patient on Rate Cuts, Minutes Say
Top Bank of Canada officials were considering a more modest quarter-point cut this month, arguing they could be patient with encouraging signs that previous rate cuts are starting to spur a recovery in spending, according to minutes published Monday by the central bank.
U.S. Consumers Feel Less Confident as Economy Concerns Mount
U.S. consumer confidence fell unexpectedly in December, with increasingly gloomy expectations about the economic situation in the new year.
Bitcoin Falls Again After Rough Week. Why the Crypto Keeps Dropping.
On Sunday, President-elect Donald Trump announced that he would nominate Stephen Miran to chair his Council of Economic Advisers.
Canada GDP Cools After Stronger-Than-Expected 0.3% Growth in October
The Canadian economy may have contracted last month for the first time this year, but growth nonetheless resumed this quarter, supporting the central bank's shift toward a more gradual pace of rate cuts in 2025 .
U.K. Economy Slides Into Stagnation
Gross domestic product remained stable between July and September, while growth in the previous quarter was also a little lower than previous estimates.
Xi Digs In With Top-Down Economic Plan Even as China Drowns in Debt
As Beijing prepares for a new trade confrontation, Xi Jinping is sticking to his economic policy aimed at making China the most powerful country in the world.
China's EV Boom Is Starting to Pinch Oil Producers
Large integrated oil companies could face a double whammy from developments in China's auto market.
(END) Dow Jones Newswires
December 23, 2024 at 9:15 p.m. ET (02:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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What Are The Main Benefits Of Comparing Car Insurance Quotes Online
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