European shares close at record high on US inflation data, trade hopes

European stock markets reached a new peak on Friday. This surge was fueled by lower than anticipated U.S. inflation figures. Hopes for reduced trade friction between the U.S. and China also contributed to the positive sentiment. Investors reacted to a series of company earnings reports. The continent-wide STOXX 600 index saw an increase. Major regional […]

Global stocks jump after US inflation data; US dollar nearly flat

Friday brought significant gains to the Indian stock market, echoing the record-breaking performance of major U.S. stock indexes. The catalyst? Lower-than-expected inflation data that sparked fresh hopes for interest rate reductions by the Federal Reserve. Companies like Ford released impressive earnings, further igniting the market rally.

US stocks notch record closing highs on cool inflation, solid earnings

Indian markets saw a strong rally. Cooler inflation data and upbeat corporate earnings propelled US stock indexes to record highs. This performance sets a positive tone for upcoming earnings reports and an anticipated interest rate cut by the Federal Reserve. Investors are keenly watching major tech companies like Meta, Microsoft, Alphabet, and Apple for further […]

US dollar makes modest weekly gain after soft inflation data

US inflation eased more than anticipated in September, fueling hopes for Federal Reserve rate cuts. Meanwhile, trade talks between the US and Canada hit a snag, though focus shifts to an upcoming Trump-Xi meeting. Oil prices climbed on new US sanctions, impacting currencies like the yen, while UK retail sales saw a boost.

Oil slips on skepticism about US commitment to Russian oil sanctions

Oil prices dipped Friday amid doubts about US sanctions on Russia’s top oil firms. Brent and US crude futures saw declines after initial gains. These sanctions aim to pressure Russia over the Ukraine war. Chinese and Indian refiners are expected to reduce Russian oil purchases. OPEC stated readiness to cover any market shortages.