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Market Review

US: US stock market indices ended higher on Thursday as a rise in Treasury yields stalled, while investors assessed economic data.

Asia: Asian markets traded higher on Friday following overnight gains on Wall Street and release of key economic data in Japan.

India: India's benchmark stock indices retreated early gains to end lower on Thursday as Brent crude prices surged over $97 a barrel, the most in over 10 months since November 2022. Market is expected to open open on a flattish note and likely to witness sideways move during the day.

Global Economy: Germany's inflation rate for September 2023 has fallen to 4.5%, marking the lowest level since February 2022, prior to the escalation of the conflict in Ukraine. This represents a significant drop from August's rate of 6.1%, offering some relief to consumers. The decline in inflation is notably reflected in the dynamics of September's price changes. The services sector saw a 4.0% price increase, influenced by the discontinuation of a 9-euro ticket. Meanwhile, food prices surged by 7.5%, substantially outpacing the modest 1.0% rise in energy prices. 

Core inflation in Japan's capital slowed in September for the third straight month mainly on falling fuel costs, suggesting that cost-push pressures are starting to peak in a relief for the fragile economic recovery.The Tokyo core consumer price index (CPI), which excludes volatile fresh food but includes fuel costs, rose 2.5% in September from a year earlier, against a median market forecast for a 2.6% gain.It slowed from a 2.8% increase in August but exceeded the Bank of Japan's 2% target for the 16th straight month.

Commodities: Gold prices on Friday braced for their biggest monthly fall since February, hovering around levels at over sixmonth lows on the prospects of higher-for-longer U.S. interest rates ahead of a widely watched U.S. inflation print due later in the day

Oil prices fell in early trade on Friday after a recent rally, as profit-taking and expectations of supply increases by Russia and Saudi Arabia outweighed forecasts of positive demand from China during its Golden Week holiday.

Currency: The dollar held off a 10-month high on Friday as markets headed into the end of the quarter, giving the yen slightly more breathing room at the end of the week amid intervention concerns

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