Yen nears three-month low ahead of Japan’s election, adding pressure on BOJ policy plans. The dollar retreats slightly but remains strong, while uncertain Eurozone and UK economies face further struggles. U.S. election uncertainty also impacts global currencies, contributing to risk aversion.
Nasdaq, S&P end higher as Tesla jumps, yields pull back (25-10-2024)
Nasdaq and S&P 500 gained driven by Tesla’s strong earnings forecast and falling Treasury yields. Tesla’s shares surged 21.9%, boosting the Consumer Discretionary sector, despite mixed results from other companies. Treasury yields eased after hitting a three-month high, impacting overall market sentiment.
Safe-haven gold on track for weekly gain (25-10-2024)
Gold prices hold steady driven by escalating geopolitical concerns including a Hamas commander’s death and ahead of the U.S. Election Day. Spot gold remains near record highs. U.S. fiscal deficit and potential Federal Reserve rate cuts loom large. Palladium hits a 10-month peak amid geopolitical tensions and possible sanctions.
Oil heads for weekly gain as Middle East tensions keep traders on edge (25-10-2024)
Oil prices are on the rise, with a weekly gain of more than 1% expected. Tensions in the Middle East and upcoming Gaza ceasefire talks are keeping traders vigilant. Analysts believe current prices around $70 are appropriate. Investors await responses to recent geopolitical events and potential clarity on China’s economic policies, affecting future oil demand.
Market Today: Afcons Infra IPO opens today, IndiGo Q2, Gold at record, FIIs (25-10-2024)
The GIFT Nifty indicated a flat start, with an uptick of 12 points at 6:35 AM, trading at 24,464.5
Shilchar Technologies – Power & Distribution Transformers – Sunrise Sector? (25-10-2024)
And they have indicated to increase the capacity by 4X, should the present demand scenario persists. Given the management pedigree and their CMD Alay Shah’s technical prowess, Shilchar will catapult to higher orbits in the days to come.
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