News Highlights : Top Global Markets News of the Day – Tuesday at 3 AM ET

Stocks Extend Rally Ahead of Busy Earnings Slate 

The S&P 500 rose 1%, while the Dow Jones Industrial Average added 0.5%. Walt Disney, Uber and Airbnb are among the companies reporting results this week.

RBA Keeps Rates on Hold, Repeats Nothing Ruled In or Out 

The Reserve Bank of Australia left interest rates unchanged, and stuck with the message that it isn’t ruling anything out as it seeks to bring inflation under control.

German Factory Orders Remain Sluggish 

German manufacturing orders fell unexpectedly in March, a reflection that an industrial rebound in Europe’s largest economy might have to wait.

German Trade Gets Export Boost in March 

Germany’s trade in goods rebounded a little more than expected in March as both exports and imports increased, suggesting renewed demand both at home and abroad.

Fed Reluctance to Cut Rates Makes Easing Harder for Emerging Markets 

Central banks in Brazil and Mexico that led the global fight against inflation could now be stuck with steep interest rates due, in part, to the U.S. Federal Reserve’s reluctance to cut.

Dividends Aren't Just for Slow-Growth Stocks 

Apple boosted its dividend, and Meta, Alphabet, and Booking all initiated dividends this year. It’s all the rage for cash-rich companies.

'Green Shoots' Grow Out of Control on Wall Street 

Bankers’ favorite metaphor is sprouting all over as optimists see signs that dealmaking is coming back to life.

China's Xi Shouldn't Expect an Easy Ride in Europe This Time 

The Chinese leader’s visit is set to test Europe’s willingness to confront Beijing over its support of Russia and trade practices that have hurt European industries.

Paul Weiss Scores Another Top Dealmaker in Hiring Push 

Jim Langston is leaving Cleary Gottlieb Steen & Hamilton to join Paul Weiss’s mergers-and-acquisitions practice.

Regulator Explores Naming Companies Tied to Auditing Deficiencies Amid Investor Pushback 

Shareholders have long called for such disclosure in inspection reports, in part a bid to learn which specific audits had problems.

(END) Dow Jones Newswires

05-07-24 0315ET

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