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Asian markets rose Friday to build on the latest global rally after a jumbo US interest rate cut this week, while the yen reversed earlier gains after the Bank of Japan decided against another hike. Traders have been put in a bullish mood by the Federal Reserve's decision to go big on its first reduction since the start of the Covid pandemic — opting for 50 basis points instead of 25 — and pledging more would come.

Major League Baseball over the past century-and-a-half, none had a season with 50 home runs and 50 stolen bases — until now. Shohei Ohtani became the first 50-50 player on Thursday when the Los Angeles Dodgers star hit his 50th and 51st home runs and stole his 50th and 51st bases. Home runs and steals are among the more popular baseball records — if not the most revered in the history of the game — whether it be most home runs (73) in a season or the modern-day mark for most stolen bases (130) in a season. So when one player reaches the once-unthinkable half-century mark in both, it stands out.

Housing sales are estimated to decline 18% during July-September quarter across nine major cities to 1,04,393 units on high base, according to PropEquity data. Real estate data analytic firm PropEquity on Friday released the data for housing sales across nine major cities. Sales stood at 1,26,848 units in the same period last year. As per the data, the housing sales are estimated to rise only in Delhi NCR (22%) and Navi Mumbai (4%) during July-September period of this year.

Public sector net debt «was provisionally estimated at 100% of gross domestic product at the end of August», the Office for National Statistics said in a release. Prime Minister Keir Starmer has warned Britons that the budget announcement on October 30 will be «painful», with tax rises and spending cuts expected.

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Donald Trump by two percentage points, according to a recent nationwide poll conducted by Fox News. According to the survey, registered voters' opinions of the presidential candidates for 2024 have changed by three points since August. Trump was ahead by one point the previous month, but Harris is currently ahead by two points. In the Fox survey, the Democratic candidate had a 50% favorability rating while her opponent had 48% of the vote. 72% of Trump's followers say they approve of his record and policies. Nearly 20% of respondents claim to simply dislike Harris. Supporters of Harris are somewhat more divided: 42% of them support her because they appreciate her record and policies, 24% because they think she is a good person, and 33% because they detest Trump. The latest survey is the result of several incidents that might have given Harris more backing. August saw the Democratic National Convention. Kennedy's name was taken off of several ballots around the nation when Robert F. Kennedy Jr. withdrew from the presidential contest and announced his support for Donald Trump. Politicians like former Representative Liz Cheney and Vice President Dick Cheney's daughter, as well as celebrities like Billie Eilish and Taylor Swift, have endorsed Harris. There seems to have been another attempt on Trump's life. Based on Fox polls, the largest shifts are coming from independent and Hispanic voters. Independent voters preferred Trump by eight points in August. Harris is currently in the lead by 12 points.

Guwahati: In yet another watershed moment in the logistics sector of Assam, the Inland Waterways Authority of India, the nodal agency of the Ministry of Ports, Shipping & Waterways, successfully felicitated one huge Over Dimensional Cargo (ODC), a Vacuum Tower, headed towards Numaligarh Refinery. The ODC was ferried by MV Tidal Waves IV vessel from Kolkata via Indo Bangladesh Protocol Route (IBPR) and is headed to NRL for its expansion project. Prabin Bora, Director (I/c), Inland Waterways Authority of India (IWAI), said, “This is a very positive development in the logistics sector of Assam. This ODC is the result of the MoU signed between NRL and IWAI earlier.”

European shares slipped on Friday after a rally in the previous session spurred by the U.S. Federal Reserve's outsized interest rate cut, while drugmaker Novo Nordisk slid on disappointing obesity pill data. The pan-European STOXX 600 index closed 1.4% lower, though it recorded a second straight week of gains.

Kamala Harris nor Donald Trump has a decisive edge with the public on the economy, turning an issue that was once a clear strength for Trump into the equivalent of a political jump ball. About 4 in 10 registered voters say Republican Trump would do a better job handling the economy, while a similar number say that about the Democratic vice president, according to a new poll by The Associated Press-NORC Center for Public Affairs Research. About 1 in 10 voters don't trust either candidate, and a similar share has equal faith in them. The finding is a warning sign for Trump, who has tried to link Harris to President Joe Biden's economic track record. The new poll suggests that Harris may be escaping some of the president's baggage on the issue, undercutting what was previously one of Trump's major advantages.

The GfK Consumer Confidence index fell -20 in September, down from -13 in August, the lowest level since March 2024. The greatest decline came from concerns regarding the general economic situation over the next 12 months, with the index falling by 12 points from -15 in August to -27 in September. Similarly, the major purchase section recorded a large decline, with a ten-point fall from -13 to -23. The savings section, which is not used in the overall score of the index by GfK, also marked a ten-point decline to 23 this month, down from 33 in August. UK consumer confidence stalls ...

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Jammu and Kashmir recorded 61.38 per cent votes in phase one of polling, the Election Commission of India announced on Friday. While the total male turnout stood at 63.75 per cent, total female turnout, data showed was at 58.96 per cent. Third gender turnout was recorded at 40 per cent, ECI data showed.

foreign exchange reserves extended their winning run for a fifth straight week to hit a record high of $689.46 billion as of Sept. 13, data from the central bank showed on Friday. The reserves rose by $220 million in the reporting week, after having risen by a total of $19.1 billion in the prior four weeks.

SpaceX, billionaire Elon Musk's space venture, to buy two brick ranch houses she owns near the mouth of the Rio Grande. The properties are nestled amid the South Texas scrubland where SpaceX established an ever-expanding facility for the production and launch of its rockets. For decades, they've served as a home for the former social worker and a source of retirement income from beachgoers who once rented one of the houses, a short walk from the Gulf of Mexico. SpaceX's breakneck development, and fast-changing local regulations that facilitated it, disrupted her quiet retirement and halted much of the beach traffic. It also raised her property taxes, inflated by soaring values all around her as neighbors sold land to SpaceX.

Retail inflation for farm workers and rural labourers eased to 5.96 per cent and 6.08 per cent, respectively, in August against the comparative figures of 6.17 per cent and 6.20 per cent recorded in July this year. The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) registered an increase of 7 points each in August 2024, reaching levels of 1297 and 1309, respectively.

«Maybe near-term resistance at 25,700, 25,800 cannot be ruled out, but buy the dip should be the strategy. Eventually we expect Nifty to head towards 26,200 in the coming weeks. So, yes, buy the dip should be the strategy,» says Dharmesh Shah, ICICI Direct. Let us begin by discussing some of these large private banking names itself. ICICI Bank making fresh records high. HDFC Bank, a powering move of around 2%. What do you make of this strength in Bank Nifty and do you expect it to continue in the coming week? Dharmesh Shah: We believe this momentum should continue. And if you look at the Bank Nifty, I think that has given a major breakout and we expect this Bank Nifty to head towards 55,500 for the near term. So, yes, Nifty looks positive. Maybe near-term resistance at 25,700, 25,800 cannot be ruled out, but buy the dip should be the strategy. Eventually we expect Nifty to head towards 26,200 in the coming weeks. So, yes, buy the dip should be the strategy.

Subscribe to enjoy similar stories. Shares of IIFL Finance Ltd surged nearly 9% in Friday’s early trade after the Reserve Bank of India (RBI) revoked the ban on the company’s gold loan business. As a result, IIFL can now resume disbursing and selling gold loans.

Wall Street leapt to record highs as delayed jubilation swept across markets worldwide following the Federal Reserve’s big cut to interest rates

Asian stocks have surged, with Japan’s Nikkei 225 index leading gains after Wall Street romped to records following the Federal Reserve’s big cut to interest rates

Gold prices steadied near record highs on Friday and were poised for a weekly gain, as markets adjusted to the U.S. Federal Reserve's recent super-sized interest rate reduction and signs that further cuts were on the horizon.

Wall Street traders betting the Federal Reserve will be able to engineer a soft landing spurred a rally in riskier corners of the market, with stocks hitting all-time highs. The S&P 500 climbed 1.7% — notching its 39th record in 2024 and extending this year’s surge to about 20%. Tech led gains, while defensive industries underperformed. The Nasdaq 100 added 2.6% and the Russell 2000 of small caps rose 2.1%. In late hours, FedEx Corp. tumbled on a bearish outlook. Nike Inc. surged after saying longtime executive Elliott Hill is coming out of retirement to replace John Donahoe as chief executive officer.