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U.S. stocks closed mixed Friday as Treasury yields rose and investors weighed fresh economic data ahead of next week’s jobs report. Banks got hit as New York Community Bancorp tumbled 8.3% on a weaker outlook.
Russia’s central bank raised interest rate to 21% to fight inflation boosted by military spending.
Nvidia dethroned Apple as the world's most valuable company on Friday following a record-setting rally in the stock, powered by insatiable demand for its specialized artificial intelligence chips. Nvidia's stock market value briefly touched $3.53 trillion, slightly above Apple's $3.52 trillion.
UBS Global Wealth Management has raised its stance on global equities to "attractive" from "neutral", citing resilient U.S. economic growth, monetary policy easing by major central banks and an artificial intelligence (AI) boom.
ICICI bank recorded a standalone net profit growth of 14.4% YoY, aided by treasury gains despite higher provisions.
CDSL Revenue for the July-September quarter grew 55.4 per cent YoY to Rs 322 crore.
Krsnaa Diagnostics Revenue for the quarter grew 20% YoY , and net profit increased 87% YoY on back of Adj. EBITDA margin expansion of 660bps
Crude oil futures fell Sunday, after widely-anticipated Israeli airstrikes against Iran did not hit crucial oil facilities.
Japanese stocks rose strongly on Monday as the yen sank to a three-month low after Prime Minister Shigeru Ishiba's coalition lost its parliamentary majority. Other Asian markets were mostly in the green on Monday morning.
Nifty ended on a weak note on October 25 near two and half month lows despite the last hour bounce. It closed lower for the fourth consecutive week falling 2.71% over the week. Indian markets have fallen on all days of the week reeling under FPI selling pressure, weak Q2 results from most corporates and rising treasury yields in the US. Though a bounce in the markets is overdue, it needs reversal of selling pressure from FPIs and some sentiment stability in the local investor community. Nifty could now take support from 23892 while 24378 could prove to be tough to breach on the up in the near term.
Indian markets could open flat to mildly higher, in line with mostly higher Asian markets today and mixed US markets on Oct 25
US Stocks Hit Record High on Israel Cease-Fire Deal
US equity markets surged to all-time highs as investors looked past Donald Trump’s tariff plan, with geopolitical risks
abating after Israel and Hezbollah reached a cease-fire agreement.
Wall Street posted its seventh straight winning session...
Published 11/27/24
The Dow Jones Industrial Average logged a record close on Monday, as U.S. Treasury bonds saw their biggest rally in nearly four months after President-elect Donald Trump selected Scott Bessent as his nominee for Treasury secretary.
U.S. President-elect Donald Trump said on Monday that on his...
Published 11/26/24