The North News
Oil prices fell to near seven-week lows on Tuesday, with Brent crude futures dropping to $79.36 due to concerns over Chinese demand.According to Investment Guru, Stock markets also showed caution ahead of central bank meetings in the U.S. and Japan, and significant corporate earnings reports.
The S&P 500 stabilized after a two-week decline, with futures dipping 0.4% early in the Asian session. Japan’s Nikkei fell 0.7% in morning trade, and the MSCI Asia-Pacific Index also declined by 0.7%.
Markets do not expect a U.S. rate cut this week but anticipate a dovish tone from the Federal Reserve. In Japan, there is a 60% chance of a 10 basis-point rate hike from the Bank of Japan, along with discussions on reducing the bond-buying program.
Currency markets saw the dollar and yen in compact ranges, while the euro traded at $1.0851 and the Australian dollar at $0.6536. The yen hovered at 153.95 per dollar.
The allotment status of Reliance’s Jio Platforms IPO was finalised on October 26, with shares…
Hyundai Motor India is scheduled to launch the Hyundai Bayon on October 26, with bookings…
Bikanervala opened new outlets in Mohali and Melbourne simultaneously on Friday, adding to its presence…
Traders and industrialists in Punjab have raised concerns over limited business opportunities, alleged threats and…
