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Market News

Location American Market News for 13 January 2025

Oil Rises on Strong U.S. Jobs Data

Wall Street Journal - 13 Jan 2025 03:15
Oil rose in early Asian trade in the wake of more data signaling a strong U.S. economy.
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Lululemon struck a cautious tone in the lead up to the holiday shopping season but said that its results were better than expected.
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The Wall Street giant's new group will capitalize on a private-credit surge and anticipated private-equity deal boom.
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Asian currencies consolidated against the dollar in the early morning session. Friday's robust U.S. nonfarm payrolls report has reduced the probability of Fed rate cuts in the near term, CBA said.
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Personal loan EMI: Now you can switch from floating interest rate to fixed as RBI clarifies norms In its latest guidelines, the RBI instructs banks to give borrowers the option to change floating rates to fixed rates on personal loans when interest rates are reset.
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Europe's Gas Prices Rise Amid Lower Reserves

Wall Street Journal - 13 Jan 2025 12:45
European natural-gas prices rose more than 4% after colder weather across the continent drove up demand, raising concerns over the state of reserves with ANZ saying "Europe is burning through gas reserves more quickly th...
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Japan Fires Starting Gun on Global Wave of Auto Mergers

Wall Street Journal - 13 Jan 2025 12:30
The Honda-Nissan tie-up is a response to industrywide challenges that are pushing automakers to combine.
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A market for yes-or-no bets on elections, news and pop culture is getting a MAGA stamp of approval.
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Why Bond Yields Are Surging Around the World

Wall Street Journal - 13 Jan 2025 12:30
The selloff in government debt is making it costlier to borrow, jarring stocks and pressuring indebted countries.
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The dollar hit fresh highs against several currencies, continuing its rise after Friday's strong U.S. jobs data further dimmed prospects for Federal Reserve interest-rate cuts this year.
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Filing ITR: You can file updated income tax return for past two years before March 31. Check the rules that apply For 2021-22 and 2022-23, taxpayers can still file their updated income tax return by March 31, 2025.
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How are property sale proceeds taxed for a resident but not ordinarily resident? As RNOR, only income that is received, deemed to be received, accrues, arises or is deemed to accrue or arise in India is taxable.
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How off-season deals helped this Mumbai couple enjoy a budget-friendly two-week Christmas holiday across Europe Mumbai couple Mufaddal Kagalwala and Sakina Gandhi enjoyed a white Christmas, traveling off-season across Hungary, Slovakia, Austria, and the Czech Republic--all for under ₹3.5 lakh.
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Retirement Planning: How to build a strong financial foundation early Retirement requires careful financial planning during working years. By saving and investing wisely, individuals can build a substantial corpus. The earlier one starts saving, the greater the benefits of compounding, ens...
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10 best travel credit cards of 2025: Top picks for rewards and benefits Travel credit cards are ideal for frequent travellers seeking exclusive perks, offering rewards and cashbacks on various expenses. However, users should be cautious of unplanned spending to avoid financial burdens.
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How does financial literacy impact loan approval? 5 key factors you need to know Financial literacy is crucial for loan success, enabling borrowers to comprehend terms, compare offers, and avoid pitfalls. It promotes responsible borrowing, enhances credit health, and empowers individuals to make soun...
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Top 6 banks offering personal loans for students in 2025 - check interest rates here Student personal loans provide quick financial assistance for education and related costs without requiring collateral. While they offer flexibility, students should be cautious of higher interest rates and ensure they c...
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Bond Markets to Keep Trying to Stabilize

Wall Street Journal - 13 Jan 2025 09:21
Bond markets struggled to stabilise with the rally in oil, upbeat U.S. payrolls and the government supply wave taking its toll, Commerzbank Research said, adding that a change in dynamics seems unlikely this week.
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How AI and digitalisation can make India's pension schemes more accessible and efficient While digitalisation has revolutionised the accessibility and administration of pension schemes in India, AI-driven predictive models can allow pension fund managers to make more informed decisions about investment strat...
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Credit cards: 3 Kotak Mahindra Bank cards offer discounts, reward points on shopping Here we list out the key features and discounts offered by three major credit cards offered by Kotak Mahindra Bank
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Credit score: How often should you check it, and what impact does it have? Ideally, credit score should be checked at least once in a year. There is a wrong perception that checking the score too often leads to an adverse impact on it
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Personal Loan: 6 key documents required if you want to apply for loan online The essential documents required for personal loan application are three months' salary slips, PAN card, Aadhaar, proof of employment, appraisal letter, among other details.
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