IGI Logo

US:

In the US, indices ended lower after fresh inflation data raised concerns that inflation wasn't cooling.

Asia:

Asian indices were mostly higher in the early trade even as US markets fell. Investors will look forward to the South central bank decision

India:

India's benchmark equity indices closed with little gains on Thursday as the markets looked forward to the earnings of the country's largest IT services firm, Tata Consultancy Services Ltd., to be released later in the day. Inflation data from the US after-market hours will also be a key monitorable.Market is expected to open on a flattish note and likely to witness range bound move during the day.

Global Economy:

Argentina’s inflation rate, which has been in the triple digits, has shown signs of slowing down. However, this deceleration has not alleviated the financial struggles faced by many workers. Despite the slight improvement in inflation, the cost of living remains high, making it difficult for cashstrapped workers to pay their bills. The economic situation continues to be challenging, highlighting the need for effective measures to support the population during this period of financial strain 

In September, U.S. consumer prices rose slightly more than expected, with the Consumer Price Index (CPI) increasing by 0.2% from the previous month. This brought the annual inflation rate to 2.4%, the smallest year-on-year rise since February 20211. Despite this modest increase, core inflation, which excludes volatile food and energy prices, also saw a 0.3% rise in September, leading to a 3.3% increase over the past year. This data suggests that while inflationary pressures are easing, certain areas like shelter costs continue to contribute to overall price increases

Commodities:

Gold rose after six consecutive days of losses as it gained on disappointing US weekly jobless claims data, though hotter-than-expected US CPI inflation data kept the upside limited and led to a volatile session.

Oil eased on Friday after a rally the previous day, but prices remained set for a second straight weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad supply disruption if Israel attacks Iranian oil sites

Currency:

The U.S. dollar fell from two-month highs hit overnight versus its major peers after signs of weakness in the labour market boosted the case for quicker Federal Reserve rate cuts.

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH000001766