Dow Extends Latest Run of Gains
The blue-chip index rises for sixth straight day, while the Nasdaq dips.
China Exports Return to Growth, But Risks Remain
China's exports swung back to growth in April after a short-lived drop in March, continuing to prove a driver for the world's second-largest economy as it struggles to revive domestic demand.
BOJ Becoming More Concerned About Effects of Weaker Yen
The Bank of Japan's board is becoming more concerned about the inflation outlook as a sharply weaker yen threatens to drive up import prices.
Fed's Collins says she's not surprised by unwelcome inflation data
Boston Fed President Susan Collins said Wednesday that she wasn't surprised by the unwelcome news on inflation given the rapid progress seen last year, but she added that the economy needs to slow more in order to cool price pressures in the coming months.
BOE to Keep Rates Unchanged This Month. It May Still Cut Sooner Than Fed.
The U.K. inflation rate fell to 3.2% in March from 3.4% in February. The comparable U.S. rate was 3.5% in March.
Australian Government Walks Fine Budget Line With RBA Primed to Hike
Australian Treasurer Jim Chalmers will deliver the government's 2024-2025 federal budget next Tuesday amid concerns that strong revenue growth will tempt him toward a jump in spending, stoking the case for higher interest rates.
America's Cash for Clunkers Is Back-in China
Some economists believe incentives for people to trade in old machinery could flood the world with more exports.
Platinum Market Faces Largest Shortfall in Supply For a Decade
Primary supply of platinum, or the supply directly from producers, is expected to decline by 2% on-year to around 5.68 million troy ounces, while demand is expected to remain firm across all sectors, according to a new report by Johnson Matthey.
Blackstone Stock Punished Amid Breit, Economic Concerns
The private equity firm has underperformed in 2024.
Lenders Are Seeing a Bottom for Consumers
The anticipated return to normal for credit trends may bode well for spending.
(END) Dow Jones Newswires
05-09-24 0315ET
