Sensex Today Ends 148 Points Lower; Nifty Below 25,550
After opening the day lower, the benchmark indices continued their downward momentum and ended the session in the red.
Current Report: X Financial
X Financial has paid variable semi-annual dividends since September 2023. The current forward-looking annual dividend of $0.56 yields 4.52% as of Wednesday’s share price.
Technical Analysis: Gold - Thursday, Nov. 6
Gold managed to advance above 3990, which may be the first sign of further advance coming.
Private Employers Added 42,000 Jobs In October, First Increase Since July
ADP reports a modest 42,000 jobs added. The BLS report will be delayed or cancelled.
Long Leading Indicator Senior Loan Officer Survey For Q3 Was Neutral To Slightly Positive
The Senior Loan Officer Survey is a long leading indicator, telling us about credit conditions that typically turn worse a year or more before the economy turns down, and improve just at the economy is ready to turn up.
Shopify Inc. Stock: Q3 Revenue Beat, Operating Income Miss Leaves Mixed Signals
Shopify Inc. reported stronger-than-expected Q3 revenue and accelerating merchant growth, but fell short on operating income, creating mixed signals for investors regarding profitability and future prospects.
Snap Stock Jumps On $400 Million AI Partnership With Perplexity
Snap stock surged 18% on news of a $400 million AI partnership with Perplexity, set to bring conversational search to Snapchat in 2026.
S&P 500: Stocks Remain Supported
Following the recent weakness, we saw a good recovery yesterday in risk assets, leaving the major indices with bullish-looking price candles.
Gold Forecast: Bounces To Remain In Consolidation
Gold bounced from $3,920 and is consolidating below $4,000, suggesting short-term stability as markets digest recent volatility and await direction.
BoE Leaves Rates Unchanged Amid Split Vote Ahead Of The Budget
BoE keeps interest rate steady at 4% in a narrow 5-4 split, marking the first pause in rate cuts since August 2024.
Weak Jobs Data Knocks Dollar
The U.S. Dollar Index slipped back below the 100 mark overnight.
