News Highlights : Top Global Markets News of the Day – Friday at 7 PM ET
Slower Hiring Boosts Hopes of a Late-Summer Rate Cut
The slowdown marked a break from a string of data showing surprising strength in the labor market. Wages rose less than anticipated.
Jobs Data, Tech Stocks Power Indexes to Weekly Gains
Renewed hope for interest-rate cuts fueled a rally, though shares of some companies like TD Bank fell.
ISM service-sector gauge weakens sharply in April
The Institute for Supply Management said on Friday that its service-sector PMI dropped sharply to 49.4% in April from 51.4% in the prior month.
Israel Gives Hamas a Week to Strike a Deal or Rafah Offensive Will Begin
Hamas’s Gaza chief hasn’t responded to a cease-fire proposal presented last weekend.
Geopolitics Takes a Central Role in Supply Chains
From tariffs and trade restrictions to attacks on a crucial shipping lane, concerns over sourcing and manufacturing have rarely been more acute.
Cocoa Prices Slump as Monthslong Rally Turns Bitter
Cocoa prices fell sharply this week, with liquidity drying up and trading growing volatile as buyers balk at high expenses.
Week Ahead for FX, Bonds
Central bank decisions in Australia and the U.K. will likely take center stage, though investors will continue to watch any signals from the U.S. regarding the possible timing of an interest-rate cut.
The Score: Tesla, Starbucks, Paramount and More Stocks That Defined the Week
Here are some of the major companies whose stocks moved on the week’s news.
New Treasury Tax Guidelines Open Door for Corn and Soy in Sustainable Aviation Fuels
The guidance is a boon for biorefineries, but some observers worry it is based on unproven assumptions.
Henderson’s Take: Just How Strong Is U.S. Manufacturing? Trucks and Fuel Send a Troubling Message
A recent ISM report suggested manufacturing expanded in March. But truck demand and diesel prices are down.
(END) Dow Jones Newswires
05-03-24 1915ET
