News Highlights: Top Global Markets News of the Day - Wednesday at 5 PM ET

Dow Jones
08 May
 
Fed Warns of Rising Economic Risks as It Leaves Rates Steady 
 

Officials are puzzling over whether to focus on the risks of higher prices or weaker hiring

 
Stocks Rise After Fed Holds Rates Steady and U.S. Prepares for China Talks 
 

The Dow industrials add nearly 300 points, pushed higher by a rally in Disney stock.

 
U.S. to Overhaul Curbs on AI Chip Exports After Industry Backlash 
 

A rule limiting many countries' access to American technology was set to take effect May 15.

 
China Lowers Rates and Makes Bank Lending Easier in Response to Tariffs 
 

In its first concrete steps since Trump ratcheted up tariffs, Beijing stuck to its incremental approach to addressing economic pain.

 
U.S. and Chinese Officials to Meet for Trade Talks 
 

Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are traveling to Switzerland to meet Beijing's lead economic representative, potentially paving the way for broader trade talks.

 
U.S. Crude Oil Stockpiles Fall Amid Lower Production 
 

U.S. crude oil inventories fell by 2 million barrels to 438.4 million barrels in the week ended May 2 and were about 7% below the five-year average for the time of year, the EIA said.

 
Poland's Central Bank Joins Europe's Rate-Cutting Wave 
 

The benchmark rate was lowered to 5.25% from 5.75%, its first cut since October 2023.

 
Eurozone Shoppers Spend Less as Tariffs Weigh on Mood 
 

Retail trade slipped across the 20 nations that share the euro, defying economists' expectations.

 
German Factory Orders Jumped in March as Firms Braced for Tariffs 
 

The uptick in orders reflected the stockpiling of goods in the U.S. to get ahead of tariffs placed by the Trump administration in April.

 
Trump Is Threatening Big Pharma With Tariffs. Tax Changes Might Work Better. 
 

Unlike many industries that might never come back, pharma can build more in the U.S.

 
 

(END) Dow Jones Newswires

May 07, 2025 17:00 ET (21:00 GMT)

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