News Highlights: Top Global Markets News of the Day - Monday at 7 AM ET

Stock Futures Tick Up as the Third Quarter Gets Started 
 

Stock futures tied to the Dow, S&P 500 and Nasdaq-100 inched higher, as did European markets.

 
A Real-Estate Fund Industry Is Bleeding Billions After Starwood Capped Withdrawals 
 

Redemptions industrywide from real-estate funds are expected to hit $16.5 billion this year while new fundraising dwindles to $5.7 billion.

 
Pro Take: Postpandemic Hiring Boom Brings In Black Workers 
 

The Black labor-force participation rate has climbed above that for white people, with Black men without college degrees major contributors to the increase.

 
Rising Government Debt Threatens Financial Stability, Inflation, BIS Says 
 

Governments should cut back on borrowing to ease one of the biggest threats to the stability of the global financial system and support efforts to tame inflation, the Bank for International Settlements said.

 
Tech Industry Wants to Lock Up Nuclear Power for AI 
 

The largest tech companies are looking to buy nuclear power directly from plants, which could meet their huge needs but sap the grid of critical resources.

 
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.

 
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.

 
Week Ahead for FX, Bonds: French, U.K. Elections; U.S. Jobs Data in Focus 
 

In Europe, investors' attention will be glued firmly to politics, while in the U.S., focus will switch back to jobs data and how soon the Federal Reserve may start cutting interest rates.

 
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.

(END) Dow Jones Newswires

July 01, 2024 07:15 ET (11:15 GMT)

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