Gold prices remained stable as investors await U.S. economic data for insights on the Federal Reserve’s interest rate decision. The Fed will announce its decision after a two-day meeting starting Nov. 6. Lower rates reduce the opportunity cost of holding gold, making it a safe asset during economic and political uncertainty.
Yen mired in political uncertainty; dollar looks to key data releases (29-10-2024)
The yen remains near a three-month low after Japan’s ruling coalition lost its parliamentary majority in recent elections, increasing political and monetary uncertainty. Meanwhile, the dollar eases slightly but remains strong due to resilient U.S. economic data and potential election outcomes. Investors await key U.S. inflation and employment data releases later this week.
Nifty50 oversold on charts, may bounce in near term; check trading strategy (29-10-2024)
The Nifty 50 Index is currently oversold on the charts, with technical indicators such as RSI, MACD, and Stochastics all positioned in oversold zones
Oil prices edge up, US plan to refill reserve offers support (29-10-2024)
Oil prices rose slightly on Tuesday following a dramatic fall the day before. This is due to the U.S. planning to buy oil for the Strategic Petroleum Reserve. Investors also keep an eye on tensions in the Middle East, particularly between Israel and Iran, which could impact future oil market dynamics.
Wall Street closes higher ahead of megacap earnings, election (29-10-2024)
Wall Street saw gains on Monday with anticipation of significant corporate earnings and the upcoming U.S. presidential election. Despite tensions in the Middle East, energy supplies remained undisrupted. Major companies like Alphabet, Meta Platforms, and Apple are expected to release their results. Nvidia surpassed Apple as the world’s most valuable company. Investors focus on AI spending reports.
Jharkhand will turn into ‘mini-Bangladesh’: CM Himanta Biswas warns of ‘demographic shift’ in state (29-10-2024)
Assam Chief Minister Himanta Biswa Sarma criticized the Jharkhand government, warning that ongoing infiltration could transform the state into a “mini-Bangladesh.” He claimed infiltrators are disrupting local culture and affecting the tribal identity, predicting a demographic shift if the trend continues.
Just Dial: First Mover of Indian Local Search Market (29-10-2024)
The market values growth more. Yes, JD doesn’t have significant competition except for Google (the government will always favour Indian companies). But it’s already a market leader and may have reached its peak penetration (like Colgate / Gillette).
So, it will grow in sync with GDP only.
The market is waiting for the trigger: when JD announces the plan to use this free cash flow. If it’s favourable, the market may re-rate it significantly up.
However, management has only said it will distribute the cash, but there has been NO ACTUAL ACTION.
Let’s see how this unfolds.
Not invested.
dr.vikas
Jeff Bezos Defends Decision to End Washington Post Endorsements (29-10-2024)
Mr. Bezos, the newspaper’s owner, said that presidential endorsements “create a perception of bias” and that “my views here are, in fact, principled.”
Gujarat Themis Biosyn Ltd – Bulk Drugs growth momentum (29-10-2024)
Anyone has idea on the current quarter results ? The new molecules aren’t delivering yet? The valuations are ripe but expectations are also high.
Wish the management gives clear idea on where are they on delivering APIs