Slowing profit growth is shaking the perception of invincibility among big tech firms as they gear up to report earnings this week. Their ability to turn this trend around will be crucial in deciding whether the recent stock market rally can continue.
India is emerging as a key destination for investors looking for stability amid the financial volatility surrounding the upcoming US election. With uncertainty in global markets, many are turning to India for its robust economy and favorable investment climate. Experts suggest that India's growth potential and diverse sectors make it an attractive option for those seeking safety in their investments. As the election draws closer, this trend may strengthen, positioning India as a reliable haven for global investors.
In Sudan, more than 120 people were killed by militiamen from the Rapid Support Forces, according to a rights group. The United Nations condemned the indiscriminate shootings of civilians and reported acts of sexual violence in the country.
Nigeria's Central Bank Governor Olayemi Cardoso has expressed confidence in the country's ability to attract $1 billion in monthly remittances from citizens living abroad. This statement was reported by Thisday newspaper.
China has filed a diplomatic complaint with the US following the latest American arms sales to Taiwan. The Chinese government claims this move escalates tensions in their ongoing dispute over the region and has reserved the right to retaliate.
Profits at China's industrial firms fell sharply in September, declining faster than in August. This drop is being attributed to increasing deflationary pressures, which are weakening corporate finances across the sector.
In a week, Federal Reserve officials will meet to discuss the pace of interest rate cuts. Ahead of that, three key economic reports will highlight the US economy's underlying strength, despite a temporary slowdown in job growth.
The corporate bond market is showing remarkable stability and liquidity. In September, the US market had its busiest trading month on record, highlighting strong investor activity.
President Biden addressed the recent Israeli airstrikes on Iran early Saturday, confirming that the US had advance notice of the strikes. He stated that according to US intelligence, it appears the strikes only targeted military sites without causing civilian casualties.
Klaas Knot, a member of the European Central Bank Governing Council, has urged European governments to improve their financial management. He specifically highlighted France's urgent need to get its finances in order.
