Dow Jones Top Markets Headlines at 11 am ET: U.S. Services-Sector Activity Expanded Again in August | Fed's ...

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U.S. Services-Sector Activity Expanded Again in August

The Institute for Supply Management's purchasing managers index for services providers was 55.4 in August compared with 54.1 in July.

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Fed's Waller Open to Holding Rates Steady at September Meeting

Waller said that while inflation is still "meaningfully" above the Fed's 2% target, he's seeing signs of cooling in the recent data.

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Stocks Tread Water, Bond Selloff Pauses as Yen Surge Extends

U.S. futures were broadly in the green after major indexes snapped a three-day losing streak in the last session.

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U.S. Trade Deficit Widened in July

U.S. imports were higher than exports by $88.6 billion, versus $71.2 billion in June. Analysts polled were expecting a $90 billion deficit.

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U.S. Jobless Claims Ticked Back Up Last Week

U.S. jobless claims swung upward again somewhat last week but were generally flat as job creation slows. The number of people who filed for unemployment benefits was 206,000.

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Global Bond Markets Take a Breather

U.S. and European government bond yields fell in early European trade, pulling away from multiyear highs, though the selloff might not be finished.

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Netherlands Moves Gold From New York to London, Citing Geopolitical Unrest

The Dutch central bank said shifting the 78 metric tons of gold, worth $11 billion, would improve its ability to trade the metal in a pinch.

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Japanese Yen Strengthens Amid Intervention Chatter

The Japanese yen strengthened to a one-month high against the dollar, amid chatter that authorities could again intervene in foreign-exchange markets.

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Germany's Ifo Institute Revises Up Growth Estimates

Healthy exports and rising public investment lifted expectations for the country's economic growth this year, and the institute now expects 2027 growth at 1.2%, compared with 0.8% it predicted in June.

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Swiss Inflation Jumps on Higher Energy Prices

Swiss inflation jumped in August, reversing several months of cooling price growth as renewed tensions in the Middle East pushed global energy costs higher.

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Malaysia Central Bank Holds Rates as Growth Stays Firm

Malaysia's central bank kept its benchmark interest rate unchanged, as expected, as strong economic growth and mild inflation gave policymakers room to remain on hold.

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Why Washington's 'Economic D-Day' Against Iran Faces Steep Odds

Russia, North Korea, Cuba and Venezuela have all deployed repression and myriad sanctions-busting tools to resist even heavy Western pressure.

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Stocks in Europe Have Powerful Catalysts for Growth, Says This Global Strategist

Man Group's Kristina Hooper expects European markets to benefit from higher defense spending and industrial activity. Why she favors Canada and India, too.

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Why High-Yield Baby Bonds Offer Income Investors a Rare Opportunity

These obscure corporate issues can provide high yields and liquidity.

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Why Trump's Venezuela Oil Grab Is No Quick Fix for Gas Prices

The president's plan comes with uncertainties, and it's unclear it would provide relief to Americans pinched by high prices at the pump.

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The Hunt for AI-Proof Assets Is Leading Investors to Sports, Casinos and Travel

Venture capitalists are pivoting to physical experiences as they seek businesses insulated from the rapid development of artificial intelligence.

 

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