Citi raises Novo Nordisk stock target despite ’mixed’ results

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• Here's what the Democratic election rout could mean for the U.S. economy

  Shifts in congressional power threaten to alter legislative focus on artificial intelligence, spending, and trade policy amid an otherwise divided economic landscape. However, major structural drivers remain insulated from Capitol Hill because key actions regarding tariffs, immigration, and foreign conflicts continue to be directed via presidential executive order. This limits the legislative branch's ability to swiftly address ongoing cost-of-living pressures and underlying labor market vulnerabilities.

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• Terrific Thursday for stock market! Nifty jumps 576 pts, Sensex 2,009 pts after US election results; bank, IT shares fly

  Falling global crude prices and optimism surrounding U.S. election dynamics spurred heavy buying across Indian equities, securing their strongest performance in seven months. Investors anticipate lower domestic inflation alongside potential de-escalation in Middle East tensions and tariff policies. Continued strength in foreign capital inflows remains essential to preserving these broad-based sectoral advances.

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• Bank of England hikes for the first time since the Iran war, lifting interest rate to 4%

  British policymakers ended a three-year pause by moving borrowing costs up by 25 basis points on Thursday. The decision aligns the United Kingdom with global peers, making it the final major central bank to enter a tightening cycle since regional hostilities erupted eight months ago. Investors now face a shift toward higher rates as market participants prepare for the possibility of further monetary tightening later this year.

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