Asia Markets Fall After Israeli Strike on Iran 

Stock markets in Asia fell while safe-haven assets such as U.S. Treasurys, the yen and the Swiss franc rose sharply after Israel launched a retaliatory strike against Iran early Friday.

Japan Inflation Records Two Years Above BOJ's Target as Meeting Looms 

Japan's consumer inflation has stayed above the Bank of Japan's 2% target for two years, government data confirmed, amid speculation over further interest-rate increases.

China Moves to Raise Costs of Imports of Key Chemical From U.S. 

China is moving to make it more expensive for U.S. shipments of a key industrial chemical to enter the Chinese market, shortly after Washington called for higher tariffs on Chinese steel.

S&P Cuts Israel's Credit Ratings on Geopolitical Concerns 

S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on Israel to A-plus from AA-minus, citing geopolitical risks.

Housing Market Slumps as Mortgage Rates Top 7% 

Existing home sales in March posted their biggest monthly drop in more than a year, buffeted by mortgage rates that rose again.

June Fed rate-hike risk looms as U.S. labor market stays strong 

The once-unthinkable scenario of no interest-rate cuts by the Federal Reserve in 2024 is now giving way to another possibility: a slight chance of a quarter-point rate hike by June.

Wall Street Steered Billions to Blacklisted Chinese Companies, House Probe Finds 

The investigation focused on BlackRock, the world's largest asset manager, and MSCI, a major compiler of stock indexes. Both firms say they violated no laws.

Leading index for U.S. economy retreats again after first increase in two years 

The leading indicators for the U.S. economy fell in March, just a month after posting the first increase in two years, but there's little sign that growth is slackening.

Fed's Williams says he doesn't feel 'urgency' to cut rates 

The Federal Reserve's benchmark interest rate is in a "good place," moving inflation down, and there is no need to rush to push it lower, New York Fed President John Williams said Thursday.

Jobless claims flat at 212,000 and still show no sign of rising layoffs 

The number of Americans who applied for unemployment benefits last week was unchanged at 212,000, reflecting a surprisingly resilient labor market in which layoffs and unemployment are very low.

(END) Dow Jones Newswires

04-19-24 0115ET