INR Falls to Lifetime Low, Surpasses 82-Mark Ahead of Key US Data: Major Drivers

By Malvika Gurung — The Indian rupee fell to a fresh lifetime low against the US dollar on Friday, dragged by oil witnessing strong weekly gains and looming fears of recession as markets await the US non-farm payrolls report due later in the day. The domestic currency hit a record low of 82.6 against the … Read more

Dow Futures Flat, SGX Nifty Down: Street Opening Cues Ahead of Key US Jobs Report

By Malvika Gurung — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.17% or 29 points lower at 8:32 am on Friday, indicating a lower opening on Dalal Street, tracking weak global cues as markets await the report later in the day. Further, the and traded flat. Major indices on … Read more

Oil Slips Before U.S. Payrolls, but set for Best Week in 6 Months

By Ambar Warrick– Oil prices fell on Friday as markets awaited more economic cues from a closely-watched U.S. payrolls report, but were headed for strong weekly gains after the OPEC+ announced its biggest supply cut since the 2020 COVID pandemic. London-traded fell 0.4% to $94.43 a barrel, while crude futures were largely unchanged around $88.53 … Read more

Street Defies Global Mood, Ends Higher: Broader Indices Outperform, Metal Shines

By Malvika Gurung — The domestic market extended its positive run to the second consecutive session on Thursday as trading resumed after a day’s pause, bucking mixed global cues and oil surging to hover near three-week highs. Indian equity benchmark indices ended in green on Thursday, after surging almost 1% in the session.  closed 0.33% … Read more

Japan Household Spending Slows in August as Post-COVID Boom Fades

By Ambar Warrick– Japanese household spending slowed in August, data showed on Friday, as an initial boost to consumer spending from the lifting of COVID-19 restrictions this year appeared to be running out of steam.  fell 1.7% in August from the prior month, missing expectations for growth of 0.2%. While spending , it still missed … Read more

Dow Futures Decline Ahead of Key Jobs Report

By Oliver Gray – U.S. stock futures were trading lower during Thursday’s evening deals, after major benchmark indices extended declines during regular trade as investors await Friday’s key jobs data for further clues into the path of future interest rate hikes from Federal Reserve policymakers. By 7:10pm ET (11:10pm GMT) dipped 0.1%, fell 0.2% … Read more

DraftKings Up on Word of Large ESPN Deal, AMD Falls on Warning By

© Reuters After-Hours Stock Movers: DraftKings (NASDAQ:) 6% HIGHER; ESPN and DraftKings are said to be near a new large partnership, according to reports from Bloomberg. Blue Apron Holdings Inc (NYSE:) 6% HIGHER; completed its previously announced at-the-market equity offering program under which it sold shares of its Class A common stock for aggregate gross … Read more

Today’s Most Important Downgrades By

© Reuters. By Davit Kirakosyan UBS downgraded Venator Materials (NYSE:) to Sell from Neutral and lowered its price target to $0.65 from $2.05, as it believes mounting pressure from declining TiO2 demand, higher cost structure, and weak FCF weigh on the stock. Shares plunged 8% today after the company warned of sales weakness in Q3. … Read more

Underlying Demand Trends Powering Cybersecurity Remain Intact

© Shutterstock By Sam Boughedda In a note on cyber stocks on Thursday, Evercore ISI started CrowdStrike Holdings Inc. (NASDAQ:) and Zscaler (NASDAQ:) with Outperform ratings and Okta, Inc. (NASDAQ:) with an Underperform rating. In addition, analysts there assumed co-coverage of Palo Alto Networks (NASDAQ:) with an Outperform rating. CrowdStrike’s price target was set at … Read more

3 Rumors Pushing Around Stocks Today By

© Reuters. By Staff Stocks slipped into the red again Thursday with the closing down just over 1%. Despite the drop, several rumors lifted select stocks on Wall Street today. We highlighted a few below: Berry Corporation (NASDAQ:) jumped nearly 10% on reports from Reuters it is exploring options, including a possible sale. The … Read more