US labor market data presented conflicting signals, with rising unemployment alongside stronger-than-expected job additions. Experts noted a softening underlying trend, suggesting an economy that is slow to hire and fire. Markets reacted to the mixed data by pushing the dollar lower and increasing the probability of a December Fed rate cut.
Ather Energy's quiet listing has delivered impressive returns. Promoters Tarun Sanjay Mehta and Swapnil Babanlal Jain have seen their wealth skyrocket by 3,220%. The stock has surged 116% over its issue price, outperforming many other IPOs in buzz. Analysts are optimistic about Ather's future market share growth and profitability improvements.
New-age tech IPOs on Dalal Street in 2025, including Urban Company and Ather Energy, have delivered significant gains, with some more than doubling. Despite initial rallies, recent pullbacks are attributed to profit booking and reassessment of valuations amid macro headwinds. Investors are now focusing on fundamentals like profitability and sustainable growth.
Japan's global exports saw a 3.7 percent increase in October. However, exports to the United States experienced a decline for the seventh consecutive month. This trend is linked to potential impacts from US tariffs. Japan's trade deficit narrowed significantly in October compared to the previous year.
Afghanistan is actively seeking new trade partners following a severe border dispute with Pakistan. This move aims to reduce reliance on its top trading partner. The Taliban government is exploring routes through Iran and Central Asia. Trade with Iran and Turkmenistan has seen significant growth. Afghanistan is also sending produce to Russia for the first time.
New York City Mayor-elect Zohran Mamdani will meet President Donald Trump. Mamdani aims to discuss the city's affordability crisis. He sees the meeting as a chance to advocate for New Yorkers. Mamdani said he would emphasise the need for federal support, and that he was not concerned about political traps.
