Market Overview - The Dow Jones Industrial Average fell by 798 points, or 1.7%, marking its worst day in over a month after reaching a record high the previous day [1][5] - The S&P 500 decreased by 1.9%, primarily driven down by Disney's disappointing revenue report, which caused its shares to drop by 8% [1][3] - The tech-heavy Nasdaq declined by 2.3%, as concerns grew over the potential overvaluation of AI stocks, exacerbating a sell-off that began the previous week [2][3] Tech Sector Performance - The "Magnificent Seven" tech firms, which have committed billions to AI initiatives, experienced significant stock declines, with Nvidia, Broadcom, and Tesla falling by 3.6%, 4.3%, and 6.6% respectively [3][6] - Alphabet and Amazon each saw their shares decrease by approximately 3%, while Microsoft shares dipped by 1.6% and Meta remained relatively flat [3] Economic Data and Interest Rate Expectations - The U.S. government reopened after its longest shutdown, which had delayed crucial monthly jobs and inflation data, vital for interest rate expectations [4][6] - The likelihood of a quarter-point interest rate cut dropped to 51.9%, a decrease of over 10% from the previous day, reflecting investor concerns about the lack of economic data [9] - National Economic Council Director indicated that the October jobs report would be released after a delay but would not include the unemployment rate, raising concerns about the Federal Reserve's ability to make informed decisions [7][10]

Core Viewpoint - The President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, expressed his opposition to the recent interest-rate cut by the US central bank and remains undecided on the December policy meeting's direction [1][3]. Economic Activity Insights - Kashkari noted that both anecdotal evidence and data indicated a stronger underlying resilience in economic activity than he had anticipated, suggesting a pause in rate cuts during the Fed's October meeting [2]. - He mentioned that subsequent data has shown "more of the same" for the economy, indicating a mixed outlook for the upcoming December rate decision [3]. Federal Reserve Officials' Sentiment - Kashkari's views align with other Federal Reserve officials who have recently shown skepticism regarding the necessity of another rate cut in December, with concerns about labor market weaknesses still prevalent among some policymakers [3][4]. - Financial markets have reacted to the Fed's comments, reducing the likelihood of a rate cut in December to approximately 50%, down from nearly 100% prior to the October meeting [4]. Future Rate Expectations - Following the September rate cut, Kashkari had anticipated two additional reductions in 2025, reflecting his belief that the economy was slowing more significantly at that time [5]. - He highlighted the existence of weaknesses in the labor market, particularly among low-income and sub-prime borrowers, while also noting that many corporate earnings remain strong and optimistic for 2026 [6].

Market Overview - European stocks experienced a decline after initially gaining, as investors await significant economic data following the end of the longest federal government shutdown in U.S. history [1][2] - The pan-European Stoxx 600 index showed a slight increase of 0.11%, while the UK’s FTSE 100 and Germany’s DAX fell by 0.34% and 0.4%, respectively, with France’s CAC 40 gaining 0.69% [3] Company Performance - 3I Group shares dropped nearly 16% despite a significant increase in first-half earnings, with profits rising to £3.287 billion from £2.048 billion year-on-year, and earnings per share increasing to 339.8 pence from 211.6 pence [4] - Several companies, including Aviva and WPP, saw declines of over 4.5%, while Admiral Group, SSE, and Vodafone Group experienced losses between 1% to 2.5% [5] - Endeavour Mining's shares surged by 11.5% due to strong third-quarter performance driven by high gold prices and increased cash generation [5] - Burberry Group reported a narrowed first-half loss before tax of £48 million, improving from a loss of £80 million the previous year [6] - Siemens shares fell by 5.5% after reporting a drop in fourth-quarter earnings, with net income at €1.619 billion compared to €1.900 billion the previous year [7][8] Economic Indicators - Eurozone industrial production rose by 0.2% month-on-month in September 2025, following a 1.1% decline in August, with annual growth at 1.2%, matching the previous month but below the forecast of 2.1% [11] - France's unemployment rate increased to 7.7% in the third quarter, up from a revised 7.6% in the second quarter, while the UK economy grew by 0.1% sequentially, slower than the forecast of 0.2% [12][13]

Market Performance - The benchmark indices Sensex and Nifty ended on a flat note after a three-day rally, with Sensex gaining 12.16 points (0.01%) to close at 84,478.67 and Nifty rising 3.35 points (0.01%) to finish at 25,879.15 [1][3][4] - During the trading session, Sensex reached a high of 84,919.43 and a low of 84,253.05 [3] Sector Performance - Among the gainers in the Sensex pack were Asian Paints, ICICI Bank, PowerGrid, Larsen & Toubro, Bajaj Finserv, Bharti Airtel, Sun Pharmaceuticals, Maruti Suzuki India, Axis Bank, UltraTech Cement, and HCL Technologies [4] - Conversely, laggards included Tata Motors' commercial vehicles arm, Mahindra & Mahindra, Tata Steel, Bharat Electronics Ltd, Tata Motors Passenger Vehicles, Trent, Tata Consultancy Services, Hindustan Unilever, and Infosys [5] Investor Sentiment - Investor sentiment was positively influenced by the signing of a short-term funding bill by Trump to end the US government shutdown and expectations of tariff relief for India [6] - Record-low October inflation figures bolstered expectations for an interest rate cut by the Reserve Bank of India (RBI), making rate-sensitive sectors like metals and realty attractive to investors [6] Foreign and Domestic Investment - Foreign institutional investors (FIIs) were net sellers for the third consecutive day, offloading equities worth ₹1,750.03 crore [9] - In contrast, domestic institutional investors (DIIs) continued their buying spree, purchasing stocks worth ₹5,127.12 crore [10] Global Market Context - Asian markets showed positive performance, with indices such as Shanghai's SSE Composite, Hong Kong's Hang Seng, Japan's Nikkei 225, and South Korea's Kospi ending higher [8] - Brent crude oil prices declined by 0.29% to $62.53 per barrel [8]

France's CAC 40 rose to a record high Thursday morning as stocks climbed higher, reacting to U.S. President Donald Trump signing a bill to end the longest government shutdown in history. Expectations of an interest rate cut by the Federal Reserve next month contribute as well to market's positive move.The CAC 40 was up 41.45 points or 0.5% at 8,282.69 a few minutes ago.Kering is rising 2.75%, Societe Generale is moving up 2.35% and Credit Agricole is gaining 2%. Carrefour is up nearly 2% after the Saadé fa ...

Market Overview - Stock markets experienced a three-day rally that fizzled out, with benchmark indices Sensex and Nifty ending flat amid choppy trading on November 13, 2025 [1] - The BSE Sensex closed with a slight gain of 12.16 points, or 0.01%, at 84,478.67, while the NSE Nifty rose by 3.35 points, or 0.01%, to 25,879.15 [1][2] Sector Performance - Among the gainers in the Sensex pack were Asian Paints, ICICI Bank, PowerGrid, Larsen & Toubro, Bajaj Finserv, Bharti Airtel, Sun Pharmaceuticals, Maruti Suzuki India, Axis Bank, UltraTech Cement, and HCL Technologies [2] - Conversely, laggards included Tata Motors' commercial vehicles arm, Mahindra & Mahindra, Tata Steel, Bharat Electronics Ltd, Tata Motors Passenger Vehicles, Trent, Tata Consultancy Services, Hindustan Unilever, and Infosys [3] Economic Indicators - The market sentiment was positively influenced by the signing of a short-term funding bill by Trump to end the U.S. government shutdown and hopes for tariff relief for India [4] - Record-low October inflation figures reinforced expectations of an interest rate cut by the Reserve Bank of India (RBI), making rate-sensitive sectors like metals and realty attractive to investors [5] Foreign Investment Trends - Foreign institutional investors were net sellers for the third consecutive day, offloading equities worth ₹1,750.03 crore, while domestic institutional investors purchased stocks worth ₹5,127.12 crore [7] - The previous day, the BSE Sensex had rallied by 595.19 points, closing at 84,466.51, and the NSE Nifty climbed 180.85 points to close at 25,875.80 [7]

Find out which banks are offering the best MMA rates right now. As interest rates begin to fall following the Fed’s recent rate cuts, it’s more important than ever to ensure you’re earning a competitive rate on your savings. One option you may want to consider is a money market account (MMA). These accounts are similar to savings accounts — they offer interest on your balance, but may also include a debit card and/or check-writing capabilities. Wondering where the top money market account rates can be fou ...

Experts said this boosted chances of an interest rate cut at the December monetary policy meeting, although this also depends on factors such as economic growth and the conclusion of a trade deal with the US.This marks the third time in FY26 that inflation has stayed below the central bank's target range of 4% with a margin of two percentage points on either side of that figure. Inflation based on the "The positive impact of the Live EventsA close callA two-slab GST structure took effect September 22, lowe ...

Group 1 - The decision to cut the target rate by a quarter point to 2.25% was made on October 29 [1]

Overnight crypto gains once again evaporated by U.S. morning hours as bitcoin (BTC) tumbled back below $102,000 on Wednesday. Briefly topping $105,000 earlier today, the largest crypto nosedived 3% in just a couple hours as U.S. traditional markets opened. It wasn't just bitcoin; ether (ETH) fell almost 5% below $3,400 during the same period, while Solana (SOL), XRP (XRP) and other altcoin majors suffered similar declines. Crypto-related U.S. stocks are also taking a beating in the early session. USDC st ...