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Market Review

US: U.S. stock index futures moved little in evening deals on Thursday as investors hunkered down before a string of major technology earnings in the coming week

Asia: Asian stocks were range bound on Friday amid a dearth of immediate trading cues.

India: The Indian stock market indices are likely to open flat on Friday tracking mixed global market cues. Market is expected to open on a flattish note and likely to witness sideways move during the day.

Global economy: : Consumer price index inflation in Tokyo eased slightly less than expected in October, although core inflation was still seen dropping below the Bank of Japan’s annual target as private spending cooled. Core CPI inflationwhich excludes volatile fresh food prices- grew 1.8% year-onyear in October, government data showed on Friday. The reading was slightly above expectations of 1.7% and fell from the 2% seen in the prior month. A core reading that excludes both fresh food and energy prices rose to 1.8% in October from 1.6% in the prior month. The reading is a key gauge of underlying inflation and is closely watched by the BOJ, and remained below the central bank’s 2% annual target. Headline CPI inflation fell to 1.8% in October from 2.2% in the prior month.

New applications for U.S. unemployment aid unexpectedly fell last week, but the number of people collecting benefits in midOct was the highest in nearly three years, indicating it was becoming harder for those losing jobs to land new positions. The second straight weekly drop in filings for state unemployment benefits reported by the Labor Dept likely reflected an ebb in claims from Hurricane Helene, which earlier this month had boosted applications to the highest level in nearly 1-1/2 years. The rise in claims related to Hurricane Milton has been more muted than initially feared.

Commodities: Oil prices rose on Friday and are on track for a weekly gain of more than 1%, as tensions in the world's top oilproducing region, the Middle East, and a restart in Gaza ceasefire talks in the coming days kept traders on edge. Gold prices steadied on Friday but were headed for a weekly gain, driven by safe-haven demand due to escalating geopolitical concerns, while palladium lingered near a 10-month high.

Currency: The dollar was on the defensive on Friday following its biggest drop in a month against major peers, as it tracked a retreat in U.S. yields from nearly three-month highs after depressed Treasury prices drew buyers.

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