The Pulse Today’s global economic and market news for September 26, 2024:

1. U.S. Markets: The U.S. stock market performed well today, driven by robust economic data and upbeat corporate earnings. The Dow Jones Industrial Average rose by 0.62%, the S&P 500 increased by 0.40%, and the Nasdaq Composite climbed by 0.60%. Key drivers of these gains were better-than-expected jobless claims, which came in lower than forecasted, and durable goods orders that remained steady. Investors were also buoyed by solid earnings reports from companies like Micron Technology, which led a rally in the technology sector. The positive market sentiment reduced concerns about aggressive future interest rate cuts by the Federal Reserve​ (Climate and Economy)

2. Global Economic Outlook: The global economy stabilizes, with inflation rates gradually easing in major economies. However, risks remain due to high public debt levels and geopolitical tensions. The World Economic Forum's latest report indicated that while cautious optimism exists, vulnerabilities persist, especially in emerging markets. Central banks are expected to shift towards looser monetary policies to support growth, but there is still uncertainty around the timing and scale of future rate cuts​ (World Economic Forum).

3. European Market Challenges: The commercial real estate sector faces significant headwinds in Europe, with the highest number of pulled real estate deals since the global financial crisis. Rising debt costs, falling property prices, and decreased demand for office space post-pandemic have created a challenging environment for investors. However, there is still some optimism about a recovery in the German economy, which helped lift European stock markets​ (Climate and Economy)​(World Economic Forum).

4. Oil and Commodities: Oil prices held steady today despite concerns over declining demand, particularly from China. U.S. stockpile reductions have balanced out some of these demand concerns, keeping prices stable. In the broader commodities market, copper remains focused due to increased demand for renewable energy projects, but supply risks continue growing​ (Climate and Economy).

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Sources: https://climateandeconomy.com/2024/04/26/26th-april-2024-todays-round-up-of-economic-news/,https://www.weforum.org/publications/chief-economists-outlook-september-2024/