China Is Finally Getting Serious About a Housing Rescue 

Beijing has announced a plan to clear the backlog of unsold and unfinished homes, but questions remain over the scale and financing of the package.

China Consumption and Investment Slow Unexpectedly 

China's consumption and investment slowed in April, while industrial output beat expectations as Beijing doubled down on its manufacturing drive to spur growth.

Glynn's Take: RBA Gov. Bullock Alone in Fight to Tame Inflation 

Reserve Bank of Australia Gov. Michele Bullock will have realized this week that she is now on her own when it comes to getting inflation down.

ECB's Schnabel Says Second Rate Cut in July 'Does Not Seem Warranted' 

The European Central Bank should move cautiously after delivering a first rate cut in June, a member of its executive board said in an interview.

Green Transition Set to Face Critical Minerals Shortfall, IEA Says 

Electric vehicle, wind turbine and solar panel manufacturers face a shortfall in critical metals and minerals unless more investment is made in projects such as new mines and recycling, according to a report from the International Energy Agency.

Investors Are Striking Gold All Over 

Investors have rarely had it this good, with prices of everything from homes to stocks and cryptocurrencies soaring.

Coinbase Stock Is Down. A New Crypto-Trading Rival May Be About to Emerge. 

CME Group, a Chicago-based trading firm, may launch spot Bitcoin trading, according to a report.

Emerging-Market Stocks Are Breaking Out, and Could Beat the S&P 500 From Here 

If earnings growth of companies in emerging markets rise as expected, and confidence in the global economy holds, the stocks could outperform other indexes, such as the S&P 500.

Federal Consumer Financial Watchdog Survives Supreme Court Scrutiny 

Justice Clarence Thomas, writing for a 7-2 court, said that Congress has wide discretion in structuring the way federal agencies are funded.

Fed's Barkin says consumers are driving inflation. Here's what they're willing to pay more for. 

The service sector "has changed their view" and believes consumers will accept higher prices and are going to raise them until households balk.

(END) Dow Jones Newswires

05-17-24 0515ET