10-3
U.S. stocks climb after September payrolls rise by 29,000 and Fed October hike odds fall to 23%
U.S. employers added 29,000 jobs in September, far below expectations and sharply slower than August, easing inflation worries. Traders cut the implied probability of a Federal Reserve rate hike at its October meeting to less than 23% from 64% a week earlier, according to CME Group data. U.S. stocks advanced on the shift, with the S&P 500 up 0.7%, the Dow up 250 points and the Nasdaq up 1.2%. The 10-year Treasury yield dipped below 5.17%, while Brent crude swung between $98 and $103.
10-3
7-10
Sensex, Nifty 50 set for gap-up open on July 10 as US-Iran tensions ease and GIFT Nifty rises 105 points
India’s benchmark Sensex and Nifty 50 are poised for a positive start on July 10 as global risk appetite improved after the latest US-Iran military strikes did not trigger a broader escalation and technical-level talks continued. US equities finished higher, with the Nasdaq up 1.3%, while Japan’s Nikkei 225 gained 1.94% and South Korea’s KOSPI rose 3.27%. GIFT Nifty futures were up about 105 points versus the previous close, and the Sensex and Nifty 50 rose 0.31% and 0.34% in the prior session.
7-10
7-3
Nifty IT jumps nearly 2% on July 3, extends two-day rebound past 6%
India’s Nifty IT index rose nearly 2% on July 3, taking its two-day rebound to more than 6%. The move followed weaker-than-expected US jobs data and downward revisions to the prior two months, which cooled expectations for a near-term Federal Reserve rate hike and lifted risk appetite. Infosys climbed more than 5%, while HCLTech, TCS and Tech Mahindra advanced 2.5% to 4%. The index had previously fallen 6.5% over four straight sessions.
7-3