Global Stocks Pause Ahead of Fed Decision
Global stocks paused ahead of an interest-rate decision from the Federal Reserve, amid political tensions and a volatile week for oil prices.
Fed Intervenes to Curb Soaring Short-Term Borrowing Costs
For the first time in more than a decade, the Federal Reserve injected cash into money markets Tuesday to pull down interest rates and said it would do so again Wednesday after technical factors led to a sudden shortfall of cash.
Japan Exports Fell More Than Expected in August
Japan's exports, its main engine of growth, contracted at a much faster pace than anticipated in August, darkening the country's economic outlook and possibly fueling policy stimulus expectations.
Saudi Arabia Set to Return to Normal Oil Production Levels by End of Month
Saudi Arabia will soon restore most of its oil output and return to normal production levels in weeks, the country's energy ministry said Tuesday.
China's Fiscal Spending Drops for First Time in Seven Months
Chinese government spending in August declined for the first time in seven months, suggesting that the government may be running low on fiscal firepower to stabilize economic growth.
U.K. Inflation Cools
Inflation in the U.K. slowed sharply in August to 1.7%, a slide driven by tumbling prices for computer games over the summer.
ECB Has Done Its Job, Says OFI AM
The ECB has done its job and it's now time for governments to spend more to protect economies from deflation, even if debt levels rise, OFI Asset Management told Dow Jones Newswires.
Trump Says China Is Buying U.S. Farm Products
President Trump said China has started to buy U.S. agricultural products, and signaled optimism that his administration will be able to sign a trade deal with China before the 2020 presidential election.
Oil-Market Turbulence Whipsaws Junk Bonds
Volatility in oil prices is whipsawing the U.S. high-yield bond market, with investors focusing on junk bonds of oil-and-natural gas companies. California Resources and Chesapeake Energy were the top-traded high-yield bond issuers.
Exchange Stocks Rally on Volatility in Markets
Exchange operators are benefiting from large swings in the stock, bond and currency markets.