News Highlights: Top Global Markets News of the Day - Sunday at 11 PM ET

Far Right Wins First Round of French Parliamentary Elections 
 

Le Pen's National Rally is on track to score an unprecedented haul of parliamentary seats in the July 7 runoff.

 
Large Japanese Manufacturers Sentiment Improves Amid Rate-Hike Expectations 
 

Sentiment among large Japanese manufacturers improved during the three months to June.

 
Even a Slowly Cooling Labor Market Often Ends With a Recession 
 

The job market rarely rebalances painlessly. The Fed hopes this time is different.

 
Stocks Limp to End of a Big First Half 
 

Nike shares tumbled to their worst day on record, dragging the Dow and S&P 500 to losses on Friday.

 
China's Manufacturing Sector Stays in Contraction for Second Straight Month 
 

The data underscored the difficulties the world's second largest economy faced after Beijing's efforts to resuscitate its property sector.

 
VC-Backed IPOs Had a Tepid First Half, Squeezing Venture Capital More 
 

Hopes for a resurgence of venture-backed initial public offerings at the start of the year are petering out, prolonging a drought in exits for venture-capital firms.

 
It's Home-Building Season, but No One Is Buying Lumber 
 

Sawmill closures haven't stopped wood prices from falling to postpandemic lows, a warning sign that residential construction and home-improvement markets are buckling.

 
Fed's interest-rate policy is working, just very slowly, Daly says 
 

Critics say the opposite: the longer policy takes, the more it looks like it isn't working

 
Big Banks Boost Dividends After Passing Stress Tests 
 

Goldman, Morgan Stanley and others detailed their capital plans on Friday.

 
Slowing U.S. Inflation Fuels Expectations of Interest Rate Cuts 
 

With the Fed's preferred inflation gauge meeting market expectations, the possibility of interest rate cuts remains alive.

(END) Dow Jones Newswires

June 30, 2024 23:15 ET (03:15 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.