Narragansett Bancorp IPO set to close, shares to trade on Nasdaq

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• Amazon’s bold cloud forecast isn’t enough to stave off a stock drop

  Disappointing third-quarter performance across multiple key divisions prompted a sharp pullback by investors on Wall Street. Despite management offering an ambitious projection for cloud operations, modest actual results failed to counter broader weaknesses across the business. Sluggish expansion in alternative revenue streams further deepened market concern, weighing down the retail giant's equity valuation.

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• Tokyo core inflation exceeds BOJ target in October

  Persistent price pressures in Japan's capital are reinforcing expectations that the central bank will continue normalizing its monetary policy. The sustained price growth above official targets serves as a leading indicator for nationwide trends, validating policymaker forecasts that producer costs are steadily filtering through to broader consumer prices. Consequently, the latest figures maintain pressure on officials to pursue additional borrowing cost increases following recent historic policy moves.

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• US Fed rate pause, slower FPI selling lift sensex by 905 pts

  Investor sentiment across Indian equity markets rebounded firmly as the US Federal Reserve held borrowing costs steady, encouraging a return of risk appetite. Domestic institutional inflows offset renewed foreign fund outflows, shielding the broader market from headwinds like elevated crude prices and currency depreciation. This dynamic allowed major domestic indices to post substantial single-day advances across the board.

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