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Indian shares are seen opening higher on Friday despite overnight losses on Wall Street. Information technology stocks would be in the spotlight today after TCS delivered a 15 percent year-on-year increase in Q2 consolidated net profit and the Nasdaq posted its biggest single-day loss since mid-August on fresh concerns over the sustainability of the AI

Australian shares gained 36 points, or 0.4%, to reach 8,697 in Friday’s morning session, rebounding after two days of losses. The move higher followed a modest rise in U.S. equity futures, even as Wall Street ended lower for a third consecutive session, weighed down by climbing Treasury yields and oil prices above $100 per barrel.

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The Canadian market is modestly higher Thursday afternoon with stocks from energy and consumer staples sectors posting strong gains. Technology stocks are weak. Higher oil prices and bond yields amid an escalation in Middle East tensions rendered the mood cautious at the start. However, stocks found some support subsequently and the market moved above the

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The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly dipped from an upwardly revised level in the week ended October 3rd. The report said initial jobless claims edged down to 197,000, a decrease of 2,000 from the previous week’s revised level of 199,000. Source link

Canadian shares face weakness Thursday as Middle East escalation concerns drive oil prices higher. West Texas Intermediate crude jumped 4.8% to $92.52 per barrel amid U.S.-Iran conflict reports. Gold and silver futures show mixed movement. Source link

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