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Market News

Location American Market News for 8 October 2024

Pfizer CEO's Job Is at Risk. A Shot of Discipline Could Help.

Wall Street Journal - 8 Oct 2024 15:00
As activist Starboard teams up with former Pfizer executives, the pharma giant's lack of focus is in the spotlight.
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Australian stocks are poised to edge lower ahead of Tuesday's open, with futures down 0.05% following a negative lead from U.S. markets overnight.
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Sending money abroad? Here's all you need to know about the RBI's Liberalised Remittance Scheme LRS allows resident Indians to send $250,000 abroad every financial year, but there are some nuances and restrictions.
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A Less Glamorous Group of Stocks Steps Into the Spotlight

Wall Street Journal - 8 Oct 2024 13:00
Earnings from the utilities, materials and industrials sectors could offer more signs of a broadening market rally.
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PepsiCo lowered its full-year outlook for organic revenue but reiterated its forecast for its earnings growth.
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Income Tax: As I-T law undergoes a makeover, suggestions invited to make it friendly to taxpayers; check details Income Tax: The sections under which taxpayers can give their suggestions include simplification of language, litigation of reduction, compliance reduction and redundant provisions of income tax law.
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Remitting money to India: Are funds taxable for you or your brother? A US resident can gift money to a sibling in India without tax implications. Proper procedure must be followed, including acceptance of the gift
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China's Stock Market Fever Breaks as Authorities Disappoint

Wall Street Journal - 8 Oct 2024 12:00
An epic Chinese stock market rally lost steam after a comments from the nation's economic planners disappointed hopes for more fiscal stimulus measures.
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Personal Loan: 5 key tips to get your loan approved

livemint.com - 8 Oct 2024 11:12
Personal Loan: 5 key tips to get your loan approved Personal loans can help manage expenses but require caution due to high interest rates. Improve your approval chances by enhancing your credit score, evaluating repayment ability, and preparing necessary documents.
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Luxury spending in China traditionally is correlated with home prices. That is bad news for global brands that start reporting the latest quarterly results next week.
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European natural-gas prices fell in early trade as weak demand and high inventories eased concerns over disruption risks in the Middle East.
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Housebuilder suffers £1.5bn hit after calculation error More than £1.5bn has been wiped off the value of housebuilder Vistry in early trading after the company underestimated the cost of building nine developments.
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What if you were the unluckiest investor in India?

livemint.com - 8 Oct 2024 08:29
What if you were the unluckiest investor in India? No one wants to be that "dumb" investor to invest right at the top, see a substantial decline, and then be told: "Of course, the market was set for a crash. Didn't you see all the signs?"
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Samsung posts worse-than-expected guidance for third quarter
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The euro may fall toward the 1.0860-1.0885 support area against the U.S. dollar, based on the weekly chart, UOB's Global Economics & Markets Research, said.
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JGBs Fall, Tracking Declines in U.S. Treasurys

Wall Street Journal - 8 Oct 2024 03:14
JGBs fell in the morning Tokyo session, tracking overnight price declines in U.S. Treasurys.
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Oil Edges Lower but Prices May Remain Supported

Wall Street Journal - 8 Oct 2024 03:09
Oil edged lower in early Asian trade likely due to profit-taking.
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Gold Steady; Markets Await U.S. CPI

Wall Street Journal - 8 Oct 2024 02:45
Gold was steady in the early Asian session. Dampening expectations of a larger Fed rate cut after the unexpectedly strong non-farm payrolls report was capping precious metals' price upside, Sucden Financial said.
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