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London School of Economics, Satyam Surana, displayed a sense of patriotism and concern for India's image on Monday when he picked up the national flag from the ground during a protest led by Khalistani activists in front of the Indian High Commission in London. In a video that has since gone viral, Surana's actions have drawn attention to what he perceives as a disconcerting trend among some Indians living abroad who adopt an anti-India stance merely to appear fashionable. Expressing his unease with such behavior, Surana highlighted the importance of unity, especially at a time when India is rapidly advancing on its path to becoming a global superpower and one of the world's largest economies.

Asian markets posted gains Friday, shrugging off Wall Street losses ahead of key US jobs data due later in the day. Analysts say signs of a robust American economy, such as strong labour market data this week, are bad news for equities as it gives the Federal Reserve more reason to keep monetary policy tight through to the end of the year and beyond. US Treasury yields hit their highest levels since 2007 this week as investors fear high borrowing costs for businesses and consumers will eventually drag on the economy. All eyes are on Friday's monthly US employment data, which will give investors a good idea of whether recent signs of a softening in the labour market will continue. «European markets look set to open modestly higher ahead of today's US jobs report,» said Michael Hewson, chief market analyst at CMC Markets UK, «which, along with the September CPI report which is due next week could shift the odds significantly on whether we see another rate hike in November». «One other reason for the welcome retreat in yields yesterday may well have been the sharp decline in oil prices we've seen the past couple of days.» On Thursday, the Dow Jones Industrial Average finished flat, while the S&P 500 and Nasdaq index ticked lower. But Hong Kong was on the front foot Friday, with gains of about 1.5 percent by the afternoon, though Tokyo closed marginally lower. Singapore, Seoul and Manila were also up, while mainland Chinese markets were closed for a week-long holiday. London, Frankfurt and Paris all kicked off with small gains. Stephen Innes, managing partner at SPI Asset Management, said the Asian advances were «thanks partly to a drop in oil prices that benefits Asia's colossal oil-importing nations». «This

China bounced back to pre-pandemic levels during a recent eight-day national holiday, giving a temporary boost to the nation's flagging economy. The government said that tourism revenues reached about 753 billion yuan (USD 103 billion) during the combined Mid-Autumn Festival and National Day holiday period that ended Friday, a rise of 1.5 per cent over 2019 and 130 per cent compared to last year when pandemic restrictions were still in place.

US President Joe Biden indicated the possibility of holding a meeting with Chinese President Xi Jinping during the upcoming Asia-Pacific Economic Cooperation summit in San Francisco next month, AP reported. “There has been no such meeting set up, but it is a possibility," Biden told reporters when asked about the prospects of a face-to-face meeting with the Chinese leader. Biden and Xi have not engaged in any discussions since their last meeting in November, which took place on the sidelines of the Group of 20 summit in Bali, Indonesia.

By Michael S. Derby

Investing.com — The Dow staged a rebound to close higher Friday, shrugging off rising Treasury yields after a «goldilocks» jobs report showing higher than expected job gains in September, but a surprise slowing of wage growth stoked optimism that the economy can avoid a recession despite higher for longer Federal Reserve interest rates.

SlateStone Wealth Chief Market Strategist Kenny Polcari discusses how the robust September jobs report could impact the Fed's inflation battle on 'Varney & Co.'

We all know that bulls make money and pigs get slaughtered. But bears make money too. The question often faced by financial advisors is whether they should join them.

Canadian job seekers are heading into a much different economic landscape this fall as the previously red-hot labour market cools and candidates face increased competition amid record immigration levels.

Investing.com — The S&P 500 rallied Friday after rebounding from lows as stocks shrugged off rising Treasury yields after data showing stronger-than-expected job gains, but cooling wage gains stoked investor expectations that the economy can avoid a recession.

By Dawn Chmielewski and Lisa Richwine

₹4,966.80 crore in the retail unit of Reliance Industries Ltd, following a 1.18% stake purchase in the company in October 2020. The fresh investment values RRVL at a pre-money equity value of ₹8.38 trillion, making it among India’s top four most valuable companies. The investment by ADIA will translate into an equity stake of 0.59% in RRVL on a fully diluted basis, the company said in a statement late on Friday.

By Lewis Krauskopf

Fifty years ago this month, Arab members of the Organization of the Petroleum Exporting Countries cut off oil shipments to the U.S. in retaliation for American support of Israel during the 1973 Arab-Israeli War. The resulting energy crisis shocked the American people and rocked the economy.

While bond yields have risen sharply lately, fund flows into bonds tell two very different stories. We have previously written much on the recent rise in bond yields related to economic growth, event risks, and recessions. To wit:

Canadian jobs data surprised again in September with a net gain of 63,800 positions, more than triple forecasts.

Good morning,

A hotter-than-expected jobs report will likely nudge the United States Federal Reserve toward raising interest rates again by the end of the year.

A surprisingly robust September jobs report could put the Bank of Canada in the position to raise interest rates again later this month, some economists are arguing.

Investing.com — U.S. Treasury yields jumped on Friday after new employment data showed that job growth in the world's largest economy unexpectedly surged in September, heaping on to investor worries that the Federal Reserve may now have more headroom to lift interest rates again in 2023 and potentially leave borrowing costs elevated for a longer period of time.

Treasury yields surged to yet new yearly highs this morning after the nonfarm payrolls report showed that the US economy added far more jobs in September than economists expected. As of this writing, the 10-year yield is up 2.5%, further steepening the 10-2 yield curve.