Despite fears of AI-driven layoffs in India’s IT sector, CLSA analysts say hiring remains steady, and revenue per employee is rising. IT giants like TCS, Infosys and Tech Mahindra continue to expand recruitment, especially for specialised AI roles, while AI adoption boosts productivity and margins without threatening core jobs.Read More
Australian shares dropped over 1% as rising oil prices, fueled by Middle East attacks, heightened inflation concerns and increased the likelihood of interest rate hikes. The S&P/ASX 200 index fell 1.3%, with financials and miners leading the decline. Energy stocks were the sole gainers, while New Zealand’s benchmark also saw a dip.Read More
Goldman Sachs has pushed back its forecast for U.S. Federal Reserve rate cuts, now anticipating quarter-point reductions in September and December. This shift is attributed to rising inflation risks stemming from the Middle East conflict, making a June start appear too early. However, earlier cuts remain possible if the labor market weakens more significantly than expected.Read More
Rising oil prices and West Asian tensions are creating market volatility, with investors watching energy flows and geopolitical strategy. Market expert Anurag Singh believes the US and Israel aim to dismantle Iran’s capabilities and secure the Strait of Hormuz. Equity markets have priced in weaker earnings, but emergency oil releases offer a temporary reprieve.Read More
Indian government bonds declined early Thursday, reversing prior gains due to a surge in oil prices and a slump in U.S. Treasuries. Traders anticipate central bank intervention to mitigate losses, as rising crude prices may prompt a hawkish stance to counter rupee depreciation and imported inflation.Read More
Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.
