Morgan Stanley has abandoned its prediction of a December Federal Reserve rate cut following a robust September jobs report. The economy showed resilience with 119,000 non-farm payroll additions, though the unemployment rate climbed to a four-year high. The bank now anticipates rate cuts in January, April, and June 2026.Read More
Oil prices declined for a third consecutive session as the U.S. advocated for a Russia-Ukraine peace deal, potentially increasing global oil supplies. Uncertainty surrounding U.S. interest rate cuts also dampened investor risk appetite, contributing to oversupply concerns and a bearish market sentiment.Read More
Gold prices declined on Friday, heading for a weekly loss as a robust U.S. jobs report diminished expectations for a December Federal Reserve rate cut. Traders now see a lower probability of a cut, impacting gold’s appeal as a non-yielding asset. The strengthening dollar further pressured bullion prices.Read More
Groww reports its first earnings post-listing amidst a volatile market and a challenging brokerage sector. Despite industry-wide trading slowdowns and regulatory impacts, Groww’s large user base and cross-selling efforts may support stable revenue growth. Investors await management commentary on future growth drivers and profitability.Read More
Sudeep Pharma’s Rs 895 crore IPO opened today, following a robust anchor investor response and rising grey market premiums. The company, a specialty ingredients manufacturer, aims to capitalize on India’s expanding food and pharmaceutical markets. With strong financial performance and global reach, it presents a compelling long-term investment opportunity.Read More
The dollar strengthened as investors anticipate the Federal Reserve holding interest rates steady next month, despite a mixed U.S. jobs report. Meanwhile, Japan’s finance minister hinted at currency intervention to combat a weakening yen, which has hit multi-month lows. The euro and sterling saw minor movements against the dollar, with market focus also on Britain’s...Read More
Indian markets saw a sharp fall on Thursday. Early gains in Wall Street stocks reversed as technology shares declined. Nvidia’s earnings and U.S. jobs data influenced investor sentiment. The unemployment rate rose, increasing chances of a Federal Reserve rate cut. Consumer staples led gains while technology stocks fell. Walmart advanced on a raised forecast.Read More
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