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The deals come ahead of the December 5 start date for a Russian oil price cap as well as the European Union's ban on seaborne Russian crude imports.

Top economist Mohamed El-Erian has imagined a heart-to-heart between financial markets and Fed boss Jerome Powell to show the missed messages and risks.

Shares of Paytm surged sharply on Friday after the company’s analyst meeting on December 1 set an optimistic timeline for its future growth trajectory.

India’s benchmark indices Sensex and Nifty50 snapped their eight-day winning streak on Friday, and took a breather amid weak global cues. Auto stocks declined the most, led by Eicher Motors and Mahindra & Mahindra. In the Sensex pack, Mahindra & Mahindra, Hindustan Unilever, Maruti, Nestle, HDFC, Asian Paints, Bajaj Finance and Power Grid were among the major laggards.

Indian benchmark indices Sensex and Nifty50 opened marginally lower on Friday amid mixed global cues. SGX Nifty, an early indicator of the direction that markets may take, declined 0.26%.

Stocks wavered to start December after weekly jobless claims indicated the labor market is still running strong ahead of Friday's jobs report.

"For the first time in many years, our enthusiasm for stock market performance potential next year is relatively tempered," said BMO.

Markets are dismissing inflation risks after Powell signaled rate hikes may slow, and investors aren't pricing in credit and earnings risk, El-Erian said.

"I don't think they're bearish enough in terms of this margin deterioration," Morgan Stanley's Mike Wilson said of other market commentators.

"It's hard in a sense that they have to put pain on the economy to get inflation down."

Food seasoning maker Ajinomoto will accelerate its expansion in producing high-tech chipmaking film, the CEO told Bloomberg.

Home prices will need to fall 15%-20% in the coming years for the market to correct to its long-term growth trend, DataTrek said this week.

The yuan's share of the currency market jumped to 40%-45% from less than 1% at the start of the year, according to the Moscow Exchange.

The European Union and G7 group of countries are working to hit Russian oil revenues as the war in Ukraine drags on.

December trade started off with the Fed's preferred inflation gauge rising 0.2% in October, a smaller increase than anticipated.

The Meta and Amazon CEOs plan to cut costs and invest more carefully, while the BlackRock chief warned government bailouts aren't guaranteed.

Benchmark indices rallied for the eighth day running on Thursday, ending at fresh record closing highs, amid firm global market trends and continuous...

Vice Premier Sun Chunlan said the country's pandemic is now at a "new stage" that came with new tasks.

Indian benchmark indices Sensex and Nifty50 opened on a high note on Thursday amid strong global cues after the US Fed indicated smaller rate hikes could start as early as December. The US Fed’s indication that smaller rate hikes could start as early as December reflected in surges in stock markets around the world. The 30-stock index Sensex opened 258 higher at 63,358 while the Nifty50 opened 113 points higher at 18,872.

"It is entirely possible the December hike of 50 basis points could be the last hike," Fundstrat's Tom Lee said of Fed Chair Jerome Powell's speech.

The Fed needs to see economic weakness before it dials back on rate hikes, and stocks could soon be in for another big bout of volatility.

"When the S&P rallies above its 50 and 100-day moving average, it looks technically vulnerable as it heads towards its 200-day moving average."