Stock Futures Gain as Investors Await PCE Inflation and Oil Earnings
Futures tied to the tech-heavy Nasdaq-100, S&P 500 and the Dow industrials edged up ahead of the personal-consumption expenditures price index for March.
China to Pay Consumers Up to Nearly $1,400 to Replace Old Cars
China plans to give car owners up to nearly $1,400 to replace their old cars with new ones, a move to boost slowing demand in the world's largest electric-vehicle market.
China's Gold Consumption Rises on Safe-Haven Demand
Chinese buyers, spooked by a protracted property slump and a recent stock-market rout, are rushing toward gold as economic uncertainty looms, propelling a global bullion rally.
Copper Futures Hit Two-Year High
Copper futures prices hit a fresh high, gaining from sanctions on Russian metals, tight market fundamentals and increasing structural demand.
The Thrill Factor Is Back for Retail Investors
Trading activity at Charles Schwab, Morgan Stanley and Robinhood has reached the highest levels since early 2022.
Mix of Slowing Growth, Firm Inflation Worries Investors
Another high inflation reading will continue to make it difficult for the Fed to cut rates in the near term.
Bank of Japan Holds Rates Steady, Expects Inflation to Stay Around 2%
The Bank of Japan kept its interest-rate target unchanged, a month after it made its first rate increase in 17 years.
Trump Allies Draw Up Plans to Blunt Fed's Independence
Some Trump advisers argue that the president should be consulted on interest-rate decisions and have the authority to oust the Fed chair.
U.K. Consumer Confidence Ticks Higher
Research group GfK's consumer confidence barometer climbed to minus 19 in April from minus 21 in March, marking the first uptick in sentiment since January.
The Dream of Fed Rate Cuts Is Slipping Away
Investors are backing away from expectations that the central bank can reduce rates in coming months, hitting markets.
(END) Dow Jones Newswires
04-26-24 0715ET
