India equity rally rests on “AI and oil sell off”

The benchmark Nifty 50 has climbed back to levels last recorded in February 2026. Credit: Winner Hus/Shutterstock.com India’s equity rally will endure only as long as global artificial intelligence shares and crude oil prices continue to retreat, according to Shumita Deveshwar, chief India economist at GlobalData.TS Lombard. “Whether the stock surge sustains or fizzles out…

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European business sentiment picks up,  inflation worries grow, survey finds

By Philip Blenkinsop BRUSSELS, Nov 12 (Reuters) – Sentiment among European companies has picked up across industry and services since June, but there are ‌growing concerns about rising inflation and sovereign debt, according to ‌a survey published by BusinessEurope on Thursday. Europe’s largest business association, which represents 42 federations with a ​combined 25 million businesses,…

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Mortgage and refinance rates today, Wednesday, October 7, 2026: Purchase rates falling as more expect the Fed to hold rates steady

According to the Zillow lender marketplace, purchase mortgage rates are lower across the board today as more analysts expect the Fed to hold rates steady later this month. The average 30-year fixed rate today, Wednesday, October 7, 2026, is 7.34%, down 6 basis points since yesterday. The 15-year fixed loan is currently 6.65%, 7 basis points lower than…

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