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News Highlights : Top Global Markets News of the Day – Thursday at 7 AM ET


Foul Weather and Quirky Calculations Might Mean Wrinkles in Retail-Sales Data 
 

Some on Wall Street think there is a danger that the report on January sales will be much weaker than most economists expect.


 
Biden Adviser Says Soft Landing Helped by Public Spending Boost 
 

Inflation decline should boost the investment climate, says economic adviser Lael Brainard.


 
Even With Fewer Rate Cuts, You Should Still Buy Bonds 
 

Markets were too gung-ho about how much the Fed would cut rates this year. But savers with long investment horizons still shouldn’t miss out on the opportunity to lock in 4.5% fixed-income returns.


 
Higher Global Oil Supply Set to Satisfy Demand Increase 
 

Global oil demand is expected to grow at a significantly weaker pace this year, while soaring output from the Americas will help boost supply despite output curbs from OPEC and its allies, IEA said.


 
U.K. Falls Into Recession as World's Major Economies Lag U.S. 
 

The U.K. followed Japan into recession at the end of last year, contrasting with a buoyant U.S. economy and leaving the Bank of England with a tough call as it decides when to start easing monetary policy.


 
Pro Take: No Big Consumer Price Declines Are in Sight 
 

Consumers are seeing some relief on rising prices as the Federal Reserve keeps interest rates at elevated levels and commodity prices weaken. But the inflation battle seems to be advancing only by inches.


 
Philippine Central Bank Stands Pat on Rates 
 

The Philippine central bank left its benchmark rates unchanged, saying that inflation risks have diminished but still merit caution.


 
BlackRock Alum Launches Fund Focused on 'Weird and Wonderful' Assets 
 

Pam Chan is joining Lingotto, a new asset manager backed by Italy’s billionaire Agnelli family.


 
South Korea Prepares $57 Billion Package to Boost Corporate Investment 
 

South Korea has prepared a $57 billion aid package for companies to boost investment in high-tech industries and ease the burden of high borrowing costs.


 
Singapore's Economy Slowed in 2023 But Modest Recovery Seen Ahead 
 

Singapore’s economy slowed last year, growing less than initially thought as manufacturing contracted and trade tumbled, but many economists still bet on a modest recovery in 2024.

(END) Dow Jones Newswires

02-15-24 0715ET



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