IGI Logo

Market Review

US:

Wall Street advanced on Thursday as investors mulled a mixed batch of corporate earnings and shifting geopolitical concerns. All three major U.S. stock indexes closed higher, with tech strength nudging the Nasdaq into the lead.

Asia:

Asian stocks rose on Friday as a plan for Donald Trump and Xi Jinping to meet eased nerves around a trade war

India:

Market erased most of the intraday gains, ending marginally higher amid final hour profit booking. However, the winning run continued on sixth consecutive session on October 23 amid hopes over the US-India trade deal. Market is expected to open on a flattish note and likely to witness range bound move during the day.

Global economy:

Japan CPI inflation accelerates in Sept, while underlying inflation also picked up, remaining well above the Bank of Japan’s annual target range. Headline CPI inflation rose to 2.9% yoy in Sept’25 from 2.7% in the prior month, meeting analysts’ expectations. National core CPI, which excludes volatile fresh food prices, also rose to 2.9% y-o-y in Sep as expected, from a 2.7% print in August.

Japan factory activity shrinks to 19-mth low in Oct, services remain strong, as per PMI data. The S&P Global Flash Japan Manufacturing PMI fell to 48.3 in the first three weeks of Oct, missing expectations of 48.6 and retreating from the 48.5 seen in the prior month. The reading was lowest since Mar’24.

US business borrowing for equipment rises over 8% in September, despite continued political and economic uncertainty, According to the Equipment Leasing and Finance Association. New loans, leases and lines of credit signed up by companies in Sept rose to $10.5 Bn on a seasonally adjusted basis, marking a 4% increase from the previous month. Sept’25 saw the largest single-month increase in new business volumes in nine months, the report added.

Commodities:

U.S. crude futures eased in early trade on Friday, trimming part of the previous day's surge but remaining on track for a weekly gain, as fresh U.S. sanctions on Russia's two biggest oil companies over the war in Ukraine fuelled supply concerns

Gold prices rose on Friday, supported by lingering geopolitical worries and U.S.-China trade tensions, as investors awaited key U.S. inflation data due later in the day for further cues on the interest rate path.

Currency:

The U.S. dollar was steady on Friday, poised to eke out a small weekly gain against major rivals as investors braced for delayed inflation data that is unlikely to deter the Federal Reserve from lowering interest rates next week.

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH00000176