Sensex today | Stock Market Live: Stock to buy today: Leela Palaces Hotels & Resorts (₹577.70)
In this news:
Key takeaways
- The US S&P Global Manufacturing PMI flash for October came in at 56.0, beating expectations.
- Economic growth remains robust while inflation sits at 3.7%.
- Rising rate hike expectations ahead of the Federal Reserve meeting put pressure on stocks and crypto.
US S&P Global Manufacturing PMI (October flash): 56.0. Expected: 55.5. Previous: 55.9.
Factories are growing faster than expected. That keeps the economy strong while inflation is already at 3.7%. A strong economy gives the Fed room to keep hiking.
The Fed meets on October 27-28. Hike odds go up. Stocks and crypto feel the pressure.
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