Tue, Oct 29, 2024 8:45 AM
Asian shares fluctuate with focus on US election
A Flip by Shubhangi Gupta
Europe’s investors are bracing for a potential victory for Donald Trump, which last time around drove the sharpest underperformance in regional equities relative to US peers during any of the last eight American administrations. While S&P 500 companies derive 72% of their sales in the US, members of Europe’s Stoxx 600 make only 40% within their own region.
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Maruti Suzuki India on Friday reported its highest ever monthly sales in October at 2,06,434 units, a 4% Y/Y growth over the same month last year. The auto major had sold a total of 1,99,217 units in the same month last year, Maruti Suzuki India said. Total domestic passenger vehicle sales were at 1,59,591 units last month compared with 1,68,047 units in year-ago month, a decline of 5%, it added.
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U.S. stock index futures rose on Friday, buoyed after upbeat earnings from Amazon offset a tech-led selloff in the previous session, as investors awaited crucial nonfarm payrolls data for clues on the Federal Reserve's interest-rate trajectory. Amazon.com soared 5.8% in premarket trading, as strong retail sales lifted its profit above Wall Street estimates.
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