Monday, January 18

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Dow Jones Futures Rise with ASX 200, Nikkei 225 on Biden's Stimulus Plan
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Dow Jones Futures Rise with ASX 200, Nikkei 225 on Biden's Stimulus Plan

DOW JONES, NIKKEI 225, ASX 200 INDEX OUTLOOK:US equity futures rebounded after suffering a tech-led pullback in last-hour trading Asia-Pacific stocks edged higher on reflation hopes at open Biden proposed a US$1.9 Covid-relief plan that include stimulus checks and funds to fight the pandemicDow Jones, Biden’s Relief Package, Jobless Claims, Asia-Pacific at Open:Federal Reserve Chairman Jerome Powell reiterated the Fed’s dovish stance in a webcast last night, suggesting that the central bank will keep its QE in place for at least 2021 and maintain interest rates unchanged through 2023. Against this backdrop, market focus shifted to Biden’s announcement of a US$ 1.9 trillion Covid-relief proposal, which may include US$ 1 trillion in direct relief to households, US$ 415 ...
HCL Tech to report Q3 results on Friday; here’s what top brokerages expect
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HCL Tech to report Q3 results on Friday; here’s what top brokerages expect

After a stellar set of numbers by information technology (IT) majors TCS, Infosys and Wipro, all eyes are now on HCL Technologies that is slated to post its October-December 2020 quarter (Q3FY21) earnings on Friday, January 15.Most analysts see a 5-6 per cent year-on-year (YoY) rise in Q3 revenue, led by broad-based growth across verticals and geographies, and easing of stress in the ER&D segment. Sequentially, the revenue may rise between 2 per cent and 3.5 per cent. The revenue could increase by 3 per cent quarter-on-quarter (QoQ) in constant currency (cc) terms and 2.5-4 per cent QoQ in dollar terms, believe analysts.Outlook on ER&D business, deal total contract value (TCVs) and pipeline, recent acquisitions, margin trajectory given pricing pressure, capital allocation pol...
S&P 500 Index Climbs To Record Highs Ahead of Non-Farm Payrolls Report
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S&P 500 Index Climbs To Record Highs Ahead of Non-Farm Payrolls Report

S&P 500 Index, Non-Farm Payrolls, ADP Employment, Fiscal Support, Blue Wave – Talking Points:Equity markets gained ground during APAC trade as investors cheered the prospect of further fiscal support. US equity markets may continue to gain ground ahead of the volatility-inducing non-farm payrolls report for December. S&P 500 index eyeing a push to key Fibonacci resistance after hurdling the psychologically imposing 3800 mark.AdvertisementAsia-Pacific RecapEquity markets broadly gained during Asia-Pacific trade as investors cheered the prospect of additional fiscal support. Australia’s ASX 200 index climbed 0.68% while Japan’s Nikkei 225 and Hong Kong’s Hang Seng index surged 2.36% and 1.21% respectively.China’s CSI 300 index slipped 0.54% as authoritie...
BofA, CLSA think Axis, IndusInd Bank are ripe for re-rating; here’s why
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BofA, CLSA think Axis, IndusInd Bank are ripe for re-rating; here’s why

Shares of Axis Bank and IndusInd Bank Bank have, so far, outperformed the benchmark S&P BSE Sensex in calendar year 2021, on the back of consistent foreign capital inflow and hopes of sustainable economic recovery.Till Thursday, January 7, shares of Axis Bank have rallied 8 per cent while those of IndusInd Bank have jumped 6 per cent on the BSE. In comparison, the S&P BSE Sensex is up 0.72 per cent, ACE Equity data show.And this outperformance is likely to continue. Analysts at BofA Securities have "turned positive" on the Indian banking sector, and have upgraded Axis Bank, IndusInd Bank, and State Bank of India (SBI) on a "surprisingly" resilient asset quality outlook, and reasonable valuations."While we acknowledge stretched tactical in the near-term, and potential for som...
The ITS market for electric buses in Europe and North America to reach € 75 million by 2024
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The ITS market for electric buses in Europe and North America to reach € 75 million by 2024

The market value for electric bus ITS deployed in public transport operations in Europe was € 12.7 million in 2019. Growing at a compound annual growth rate (CAGR) of 37.5 percent, this number is expected to reach € 62.4 million by 2024. The North American market for electric bus ITS is similarly forecasted to grow at a CAGR of 34.2 percent from € 2.7 million in 2019 to reach € 11.8 million in 2024.Berg Insight is of the opinion that the market for ITS solutions for electric buses is in a growth phase which will last for several years to come. Mega-challenges such as urbanisation, climate change and traffic congestion continue to encourage investments in electric buses and ITS, contributing to a positive outlook for the market.Some ITS players offer complete turnkey solutions including...
Nasdaq 100 Staggers Lower as Democratic Sweep in Georgia Looks Likely
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Nasdaq 100 Staggers Lower as Democratic Sweep in Georgia Looks Likely

Nasdaq 100 Index, US Senate Runoffs, Corporate Taxation, Section 230, Filibuster – Talking Points:Equity markets traded broadly mixed during APAC trade as investors eyed the two Senate run-off elections in Georgia. The likelihood of a Democratic Senate and House could undermine US equity markets in the near term. The Nasdaq 100 could be at risk of extended losses as price challenges key uptrend support.Asia-Pacific RecapEquity markets traded broadly mixed during Asia-Pacific trade as investors closely eyed the US Senate run-off elections in Georgia.Australia’s ASX 200 index fell 1.12% while Japan’s Nikkei 225 index slipped 0.4%, as the nation registered a record increase in coronavirus infections.Hong Kong’s Hang Seng index nudged marginally higher despite repo...
How Fibocom’s 5G IoT Modules Ensures Effective Emergency Response
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How Fibocom’s 5G IoT Modules Ensures Effective Emergency Response

By Fibocom, a leading global provider of IoT (Internet of Things) wireless solution and wireless communication modules.In recent years, global warming and crustal activities have intensified the occurrence of natural disasters; coupled with man-made crises such as fires, chemical hazard spillovers and gas leaks, disasters have claimed thousands and millions of lives and tremendously harmed the local economy. To mitigate the effects of disastrous events and prevent further loss of life and property, well-conceived on-site emergency response plan must be implemented to make rescue measures more effective and efficient.But an effective emergency response always encompasses a range of complex measures dependent upon local circumstances and involves multiple rescue teams from different go...
Sensex and Nifty scale fresh peaks; financials, IT stocks shine
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Sensex and Nifty scale fresh peaks; financials, IT stocks shine

Equity benchmark Sensex defied gravity for the 10th straight session to close at a fresh lifetime high on Tuesday as robust buying in financial and IT stocks offset lacklustre global cues.Persistent foreign fund inflows supported the benchmarks, though a weakening rupee capped the gains, traders said.Despite opening on a negative note, the 30-share BSE index pared all losses and staged a smart recovery to end 260.98 points or 0.54 per cent higher at 48,437.78. It touched an all-time high of 48,486.24 during the day.The Sensex has closed at record highs for seven sessions on the trot.The broader NSE Nifty rose 66.60 points or 0.47 per cent to settle at a new peak of 14,199.50. It scaled a record intra-day high of 14,215.60.M-cap of BSE-listed firms zoom to record highTotal marke...
WTI bounces off lows and approaches $49.00 ahead of API
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WTI bounces off lows and approaches $49.00 ahead of API

The barrel of WTI edges higher to the vicinity of $49.00. OPEC+ plan a potential oil production cut in February. The API will release its weekly report later in the NA session.Crude oil prices reverse Monday’s losses and manage regain the $48.00 mark and above per barrel on turnaround Tuesday.WTI looks to data, OPEC+Prices of the barrel of the American benchmark for the sweet light crude oil regained the composure and the upside on Tuesday after bottoming out near the $47.0 mark at the beginning of the week.Rumours that the OPEC+ could be mulling the idea of curtailing the oil production next month (by around 500K barrels per day) are behind the daily recovery in prices of the WTI, all coupled with the better sentiment in the risk complex.Later in the NA session, ...
How Blockchain Might Shake Up The IoT
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How Blockchain Might Shake Up The IoT

By Marc Kavinsky, Editor at IoT Business News.While the IoT seems like it is a child of the internet and sensors, the real value of the technology is likely to emerge from blockchain, especially in the commercial sector. The ability to carry out transactions without trust will be a game-changer, and will probably drive the IoT from emergent theoretical to practical reality.To understand the power of the blockchain, you need to understand the current system people use for transactions. At the moment, the world is hooked up to a third-party network of gatekeepers. If you want to transfer money from one account to another, you have to do it via a bank – an institution you trust to take money out of one account and put it into another. If you want to write a contract, you have to delegat...