Latest news with #Tariff
Bloomberg
7 days ago
- Business
- Bloomberg
Potential Tariff Impact on GDP Growth is Significant, ASML CFO
Tariff concerns are still restraining ASML's growth outlook, however Bloomberg Mandeep Singh says there will be increased demand for the Dutch company's AI exposed tools. (Source: Bloomberg)
Mint
13-07-2025
- Business
- Mint
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying PFC shares tomorrow- 14 July 2025
Stock market news: The equity benchmark indices, Sensex and Nifty 50, fell for a third consecutive session on Friday, decreasing by nearly 1% due to substantial selling in IT, auto, and energy sectors amid a lackluster start to the earnings season. Uncertainties related to tariffs and mixed trends in global markets further contributed to the downturn, analysts noted. The Sensex dropped by 689.81 points or 0.83% to close at 82,500.47. Throughout the day, it experienced a decline of 748.03 points or 0.89%, reaching 82,442.25. Likewise, the Nifty 50 fell by 205.40 points or 0.81% to 25,149.85. Over the week, the BSE benchmark decreased by 932.42 points or 1.11%, while the Nifty 50 fell by 311.15 points or 1.22%. Dharmesh Shah of ICICI Securities expects Nifty 50 to gradually resolve higher and head towards 25,800 in coming month. Shah has recommended one stock to buy for short-term. Investors should consult experts before making decisions. Here's what he expects from Indian stock market next week, along with his stock recommendation. Equity benchmarks extended breather over second consecutive week amid lack of clarity on India - US bilateral trade deal. Consequently, Nifty 50 settled the week at 25,150, down 1.2% for the week wherein broader market relatively underperformed by losing >1.5%, each. Sectorally, IT, Defence extended losses while FMCG and MNC stocks relatively outperformed. The weekly price action formed a bear candle carrying lower high-low, indicating extended breather. We expect volatility to remain elevated amid progression of earning season coupled with Tariff related development wherein strong support is placed at 24,800 levels. Currently, index is undergoing healthy consolidation wherein over past 10 sessions Nifty 50 has merely retraced 50% of preceding 10 sessions up move. Slower pace of retracement while trading in the vicinity of 20 days EMA, highlights robust price structure. Hence, any dip from hereon should be capitalised to accumulate quality stocks with strong earnings as we expect Nifty 50 to gradually resolve higher and head towards 25,800 in coming month. a. All eyes will be on outcome of US-India bilateral trade deal coupled with progression of Q1FY26 earning season which will dictate the further course of action. b. Falling US Dollar index would act as boon for equities that would eventually result into FII's inflow. c. India VIX has extended losses and likely to close at one year low of 12, indicating participants anxiety at lowest level. Structurally, the formation of higher peak and trough while absorbing host of negative news around geo-political uncertainties coupled with clarity of trade tariff. Further, strong market breadth depict strength as currently 60% stocks of Nifty 500 universe are trading above 200 days SMA compared to last month's reading of 52% that bodes well for durability of ongoing structural up move. Dharmesh Shah of ICICI Securities recommends buying Power Finance Corporation Ltd (PFC) shares this week. Buy PFC shares in the range of ₹ 415-430. He has PFC share price target of ₹ 478 with a stop loss of ₹ 388. Disclaimer: The Research Analyst or his relatives or I-Sec do not have actual/beneficial ownership of 1% or more securities of the subject company, at the end of 11/07/2025 or have no other financial interest and do not have any material conflict of interest. The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
Yahoo
10-07-2025
- Business
- Yahoo
Hike in jobless rate to sway Bank of Canada to cut rates: CIBC
Andrew Grantham, executive director and senior economist at CIBC Capital Markets, talks with Financial Post's Larysa Harapyn about how the hike in the jobless rate may sway the Bank of Canada to cut rates. 'We think the Bank of Canada should be cutting interest rates,' he said. 'They will cut interest rates in the second half of this year. They just need to be a little bit more comfortable.' How investors can get in on the global defence boom Tariff war big boost for Canadian jean maker Duer • Email: lharapyn@
Mint
09-07-2025
- Business
- Mint
TCS Q1 Earnings Preview: Another quarter of muted profit growth on cards? 5 key things to watch
TCS Q1 Earnings Preview: It bellwether Tata Consultancy Services (TCS) is set to report its April-June quarter (Q1) earnings of the current financial year on Thursday, July 10. Against the backdrop of the ongoing trade war—sparked by US President Donald Trump's tariff policies—muted discretionary spending by clients in key North American markets and rapid business transformation driven by artificial intelligence (AI) are weighing on sentiment. In this environment, investors are likely to focus more on management commentary than on the headline numbers from the previous quarter. Experts expect management commentary on near-term demand trends, client discretionary spending, the pace of ramp-up in existing deals, key deal wins, and margin guidance to be in focus. Besides, capital allocation strategies, including any buyback or dividend announcements, may also draw attention. Let's examine five key factors that will be the focus after TCS reports its June quarter scorecard. TCS, due to its sheer size and market presence, serves as a bellwether for how the Indian IT sector is faring amid the current environment of heightened uncertainty. As far as expectations are concerned, experts expect the company to report muted growth. Brokerage firm Phillip Capital expects a 0.6 per cent year-on-year (YoY) fall in profit after tax (PAT), and a nominal 3 per cent YoY growth in revenue. "Topline to be impacted lower contribution from BSNL deal (nearly $50 million) and muted performance in core markets of US, EU due to weak demand," said Phillip Capital. Further, EBITDA may remain almost flat, while EBITDA margins may shrink by 66 bps YoY despite deferral of wage hike due to lack of growth support and largely optimised operating levers, Phillip Capital said. Kotak Institutional Equities forecasts revenue decline of 0.4 per cent in constant currency (CC), led entirely by a decline in BSNL revenues. Kotak expects the EBIT margin to decline on a YoY comparison despite deferral of the wage revision normally scheduled in April of every year. "Impact on margins is due to a lack of any leverage from growth. Despite tailwinds from currency, EBIT margin will stay flat sequentially," said Kotak. Analysts at Choice Institutional Equities expect TCS to witness constant currency de-growth of 0.7 per cent quarter-on-quarter, which would be offset by approximately 200bps quarter-on-quarter cross-currency tailwinds. "The constant currency degrowth would be led by slower conversion in BSNL deal as well as other deals, as discretionary spending by clients is either on hold or subdued given the change in US Tariff policy," Choice Institutional Equities said. The key focus area in TCS's results will be management commentary on the demand outlook. The impact of a prolonged trade war on demand in key geographies and key segments will influence market sentiment about the stock. "Key focus areas for TCS in the upcoming results include revenue growth and demand outlook, particularly across BFSI and key geographies like North America and Europe. Investors will closely watch guidance on FY26 and signs of recovery in discretionary tech spending," said Saurabh Jain, the head of equity research (fundamentals) at SMC Global Securities. Investors will also focus on the demand outlook, large deal wins, total contract value (TCV), and deal pipeline in the key markets. After the Q4FY25 results, TCS CEO K Krithivasan highlighted delays in decision-making and project starting regarding discretionary investments. Investors will be keen to see if there are signals of increased discretionary investments by clients in the near future. "Deal wins, especially large contracts, and total contract value (TCV) will be critical indicators of future growth," Jain said. TCS's attrition was 13.3 per cent for the last twelve months until March 31 this year. Investors will also focus on the IT major's hiring plans in uncertain times. Increased hiring will indicate the company anticipates an improved demand scenario in the near future. "Margins, cost control, and operational efficiency remain essential, alongside trends in attrition and hiring," said Jain. A key area to focus on will be the company's plans for digital transformation initiatives and management's views on how it sees GenAI to impact the IT industry. "Updates on GenAI and digital transformation initiatives, as well as their monetisation, will be keenly tracked," said Jain. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
CNA
09-07-2025
- Business
- CNA
Malaysia central bank lowers key rate to 2.75%
KUALA LUMPUR :Malaysia's central bank cut its benchmark interest rate for the first time in five years on Wednesday, as it looks to support the economy amid a weaker growth outlook and rising uncertainty in global trade. Bank Negara Malaysia lowered its overnight policy rate (OPR) by 25 basis points to 2.75 per cent from 3.00 per cent, where it had been since May 2023, as had been expected by 17 of 31 economists surveyed in a Reuters poll. The ceiling and floor rates of the OPR corridor are correspondingly reduced to 3 per cent and 2.5 per cent respectively, the central bank said in a statement. The rate decision came a day after U.S. President Donald Trump announced a 25 per cent tariff on Malaysian exports to the United States.
