The U.S. government shutdown will capture investor focus next week. Markets hold near record highs, preparing for the earnings season. Few expect the Washington situation to derail the current rally. A data drought could impact Federal Reserve policy decisions. The fourth quarter is historically strong for stocks. Investors anticipate results from Levi Strauss and Delta Air Lines.Read More
US government shutdown occurs. Stocks reach new record highs. Investors expect future rate cuts. The dollar may weaken against major currencies. Pharmaceutical shares see a boost from new agreements. Oil prices remain low due to global oversupply. New Zealand’s central bank prepares for a rate reduction next week. Economic visibility is currently limited.Read More
Bank of America Global Research has advanced its forecast for the Federal Reserve’s next interest rate cut to October from December, citing a softening labor market. While BofA expects only one cut this year, other major firms anticipate two.Read More
Indian equity indices closed higher on Friday, recovering from early losses as stock-specific trading dominated after the RBI’s dovish stance fizzled out. Midcap, smallcap, metal, and PSU bank sectors saw significant gains, with experts suggesting buying opportunities on dips towards 24,400-24,600 for Nifty.Read More
Tata Capital’s Rs 15,511 crore IPO, opening October 6, has already attracted strong anchor investor interest, with Rs 4,642 crore allocated. LIC was the largest investor, and domestic mutual funds secured a substantial share. As India’s third-largest diversified NBFC backed by the Tata Group, the issue is poised for robust subscription, following Tata Technologies’ successful listing.Read More
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