News Highlights: Top Global Markets News of the Day

Global Stocks Rise, With All Eyes on the Fed

Stocks climbed on hopes of clear signals of interest-rate cuts ahead of a closely watched speech from Federal Reserve Chairman Jerome Powell later in the day.

Investors Look to Jackson Hole for Clues on Fed Moves

With the economic outlook darkening, markets will hang on every word of Federal Reserve Chairman Jerome Powell's speech at the Kansas City Fed's annual symposium.

Seoul Cycle: Korea Feels the Trade War Burn

South Korean stocks are among the world's worst performers this year, as its export-focused companies grapple with not one, but two trade fights and slowing global growth.

Hunter Harrison's Train Overhaul Starts Running Out of Steam

Precision-scheduled railroading, the industrywide system to boost efficiency pioneered by the late Hunter Harrison, led to widespread improvements in recent years. But the momentum from that shift is now fading.

Central Bankers' Jackson Hole Retreat: A Cheat Sheet

Here is a rundown of attendees and what to expect during the annual economic gathering in Jackson Hole, Wyo., kicking off Thursday evening.

Kaplan: Risks From Global Growth, Trade Uncertainty Could Mean Rate Cut

Dallas Fed President Robert Kaplan said he supported the central bank's move to cut its benchmark interest rate by a quarter point last month-and is open to another reduction in the months ahead.

Three Fed Officials Offer Diverging Views on Rate Cuts in TV Interviews

Three Fed officials offered diverging views on the path for monetary policy in television interviews, with two skeptical over the need for lower rates and a third open to a further cut by the central bank.

Both Bonds and Equities Could be Sending the Right Signals - Columbia Threadneelde

Bond and equity markets are telling investors different stories, with the former indicating more gloom and the latter still rallying, said Columbia Threadneedle Investments' experts at a press event in Frankfurt. The following is a selection of their insights covering bonds, stocks and monetary policy.

U.S. Factory Activity Slowed in August

The IHS Markit manufacturing purchasing managers index fell to 49.9 in August, dropping below 50 for the first time in about a decade.

ECB Minutes Back Up Signals of Broad Stimulus Package

European Central Bank officials gave a further signal that they would launch a big stimulus package next month, which could include rate cuts and asset purchases, in an effort to arrest the region's economic slowdown.

  (END) Dow Jones Newswires
  08-23-19 0715ET
  Copyright (c) 2019 Dow Jones & Company, Inc.

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