Morgan Stanley bearish on Coinbase, slashes target on weaker recovery

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• Sensex, Nifty tomorrow 3 Nov: Will stock market jump on Sebi's 12.5% foreign ‌investors LTCG tax removal recommendation?

  The market regulator is seeking to stem aggressive global fund outflows by urging the central government to waive long-term levies for overseas market participants. Relentless international selling has dragged the Nifty 50 toward its worst annual performance in fifteen years despite domestic support. Policymakers face mounting pressure to lower transaction costs that currently rank among the steepest in the world.

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• US stocks today: US stocks open higher as AI trade steadies, oil falls

  Major market benchmarks registered broad-based gains right from the opening bell as stabilizing technology shares and weakening crude prices provided a supportive backdrop for equities. Tech-heavy shares helped drive the early upward momentum, encouraging investor participation across multiple index groups. These early moves reflected an immediate lift in sentiment as all three primary indices started the morning in positive territory.

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• Memo: Alphabet is issuing €6B in euro-denominated debt across seven tranches, attracting €17B+ of demand; the company sold €9B of bonds earlier in 2026 (Reuters)

  Google's parent company is tapping European credit markets through a multi-part offering valued at roughly $6.7 billion. Institutional appetite significantly outpaced the initial targets as investors placed orders exceeding nearly triple the final allocation. This capital raise continues a pattern of heavy financing activity following an even larger debt sale completed earlier in 2026.

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