News Highlights: Top Global Markets News of the Day – Wednesday at 3 AM ET
From Morningstar, Inc.: 2024-03-27 03:15:00
Stocks continued to decline from recent records, with investors focusing on Krispy Kreme and cocoa. The Japanese yen hit a 34-year low against the dollar amid fading hopes for BOJ rate increases. China’s industrial profits saw growth, signaling a stronger economy. The Baltimore bridge collapse impacted vessel traffic at the Port of Baltimore. Irish economy forecast to return to growth, alleviating drag on the Eurozone. Australia’s February inflation lower than expected, indicating ongoing price pressure decrease. Chinese President Xi meets with U.S. business leaders. More Chinese companies to be added to U.S. import ban list due to forced labor concerns. Consumer confidence dips in March on economic uncertainty. Home prices reach new high in January, Case-Shiller reports.
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