Shares advanced in Japan, South Korea and Australia
Ahead of market opening read top business news, equity market precursors, and economic and banking news updates from India and across the world for 8 July, 2022
Stocks in Asia caught a modest tailwind Friday from a US rally sparked by hopes that policy makers can get inflation under control without causing a global economic downturn. Shares advanced in Japan, South Korea and Australia.US equity futures edged down after the best Wall Street session in two weeks swept along everything from speculative investments to technology titans.
TCS Q1 Results today: Key things to watch
Tata Consultancy Service (TCS) is set to announce its financial performance for the quarter ending June 2022 (Q1FY23) today. Ahead of quarterly earnings, TCS shares witnessed buying sentiment on Thursday. In the first quarter of the current fiscal, TCS is expected to garner double-growth in the top-line front on a year-on-year basis due to strong deal execution. Also, rupee depreciation is seen to boost revenue. TCS may post constant currency revenue growth in the range of 2.5-4.5% sequentially. However, a salary wage hike is likely to impact margins.
Stocks in Asia caught a modest tailwind Friday from a US rally sparked by hopes that policy makers can get inflation under control without causing a global economic downturn.
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