Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com

Working women are 2x more likely to be worried about availability of jobs compared to working men, says the LinkedIn Workforce Confidence Index.

The study showed that working women are also 4x less confident compared to working men, with the second wave of COVID-19 raging on.

Based on the survey responses of 1,891 professionals from May 8 to June 4, findings revealed that due to COVID-19 second wave, Indian professionals — particularly Gen Z and working women — increasingly vulnerable to the economic uncertainty in today’s evolving job market.

The latest edition of the LinkedIn Workforce Confidence Index shows that India’s overall workforce confidence has declined after peaking in early March, with a composite score of +54 today (down 4 points from +58 in March).

This dip in confidence is reflected strongly across professionals from creative industries such as Entertainment, Design, and Media & Communications, who expressed being uncertain about the future of their employers. But as several parts of the economy gradually reopen, professionals from Software & IT and Hardware & Networking are growing increasingly confident about the future of their organizations.

Gold shed more than 2 percent on June 17, precipitating a sell-off across precious metals with palladium set for its worst day in over a year, as the dollar gained ground after the US Federal Reserve struck a hawkish tone on monetary strategy.

Spot gold fell 2% to $1,776.10 per ounce by 1:44 pm EDT (1744 GMT), having earlier touched its lowest since May 3 at $1,766.29.

U.S. gold futures settled down 4.7% at $1,774.80.

A majority of 11 Fed officials on Wednesday projected at least two quarter-point rates rise for 2023, although officials pledged to keep policy supportive for now to encourage a jobs recovery.

The announcement propelled the dollar to an over two-month high, eroding bullion's allure for those holding other currencies, and drove a jump in U.S. Treasury yields, raising the opportunity cost of holding non-yielding gold.

"The Fed's dot plot is providing a clear change in tone, ultimately suggesting that although the Fed continues to reiterate that inflation is transitory, their formal assessment of risks to the economy is decisively more hawkish," TD Securities commodity strategist Daniel Ghali said.

Read Also:-  Get 90% Stock Market Tips With High Accuracy

Weakening physical demand and slowing speculative flows into gold, both of which began before the Fed meeting, could also help to drive a further pullback, Ghali added.

Adding to gold's headwinds, the U.S. central bank said it would consider whether it should taper its asset purchases at every subsequent policy meeting.

Jeffrey Christian, the managing partner at CPM Group, also said the scale of gold's sell-off was accentuated by bearish technicals, and that the steeper decline in gold futures "reflects the fact that you have more trading volume and more technically oriented investors in the futures market than in spot."

Palladium led the sell-off, tumbling 10% to $2,517.18, while platinum fell 6.6% to $1,048.44.Palladium could be seeing a correction in a rally that some view as overdone, Christian added.

Silver slipped 4.3% to $25.81 per ounce.

Article Source:- Moneycontrol

New Delhi, Jun 15 Jubilant FoodWorks Ltd, which operates fast-food chains Domino's Pizza and Dunkin' Donuts, on Tuesday reported over threefold jump in its consolidated net profit at Rs 105.30 crore for the fourth quarter ended March 2021. The company had posted a net profit of Rs 32.53 crore in the January-March quarter a year ago, Jubilant FoodWorks Ltd (JFL) said in a regulatory filing.

Its revenue from operations was at Rs 1,037.85 crore, up 14.21 percent, during the quarter under review, as against Rs 908.75 crore in the corresponding quarter of the fiscal year 2019-20. "This was driven by Domino's Like-for-Like (LFL) sales growth (adjusted for temporary restaurant closures) of 15.1 percent and same-store growth (SSG) of 11.8 percent. Domino's witnessed continued momentum in Delivery and Takeaway channels which grew by 28.7 per cent and 76.9 per cent respectively, it said.

JFL's total expenses were at Rs 912.70 crore, up 4.31 percent in Q4/FY 2020-21 as against Rs 875 crore in the same period a year ago. During the quarter, JFL opened 50 new restaurants for Domino's Pizza adding 8 cities in its network and closed 4 stores of Domino's Pizza. It was operating a total of 1,360 restaurants across 293 cities as of March 31, 2021.

Meanwhile, the company opened one restaurant for Dunkin' Donuts and closed 4 restaurants, bringing the number down to 24 from 27 at the beginning of the period. JFL also opened one restaurant each of its new QSR Brands Hong's Kitchen and Ekdum!, taking the total count to 12 by the end of the quarter.

Read Also :- Best Share Market Tips - Sharetipsinfo

Overseas investors pumped in a net Rs 13,424 crore so far in June as risk-on sentiment improved with declining COVID-19 cases and hopes of the early opening of the economy.

Depositories data showed that foreign portfolio investors (FPIs) invested Rs 15,520 crore in equities during June 1-11.

"The robust net inflows over the last two weeks could be attributed to the improvement in investor sentiments on the back of consistently falling coronavirus cases in the country and hopes of an early opening of the economy," said Himanshu Srivastava, associate director - manager of research, Morningstar India.

At the same time, FPIs withdrew Rs 2,096 crore from the debt segment during the period under review.

The total net inflow stood at Rs 13,424 crore.

This comes following a net withdrawal of Rs 2,666 crore in May and Rs 9,435 crore in April.

For the inflows in June, VK Vijayakumar, chief investment strategist at Geojit Financial Services, added that it appears from fourth-quarter corporate figures that a cyclical recovery in the Indian economy is imminent post the progressive unlock that is happening now.

"The FPI activity was centered around IT, financial, and energy sectors," noted S Ranganathan, Head of Research at LKP Securities.

Read Also:- Stock Market Tips With High Accuracy

Overall, the MSCI Emerging Markets Index has lost 0.91 percent this week, noted Shrikant Chouhan, executive vice president, equity technical research at Kotak Securities.

Giving an overview of other emerging markets, he said Thailand, South Korea, Indonesia, and the Philippines saw month-to-date FPI inflows of USD 188 million, USD 140 million, USD 138 million, and USD 125 million, respectively. On the contrary, Taiwan saw month-to-date FPI outflows of USD 829 million.

As per Chouhan, going forward, FPI flows may remain strong in the medium term as India is at a cusp of growth revival pat Interestingly, low-interest rates, better export outlook, and revival in the global economy are good combinations for India's economic revival, he said.

Going forward, vaccination is expected to ramp up, continuous decline in Covid cases, acceleration in consumer spending, healthy monsoon season, and normalization of overall situation could be expected, he added.

Article Source:- Moneycontrol

The dollar index was down slightly on June 11 after alternating between losses and gains earlier in the session as investors digested elevated U.S. inflation and European Central Bank commentary while eyeing the U.S. Federal Reserve's next meeting.

After adopting a wait-and-see attitude all week, sucking volatility from the market and leaving major currencies mostly range-bound, June 11's developments appeared to add little new direction to currency markets.

Earlier in the day, the ECB raised its growth and inflation views but promised to keep ample stimulus flowing, fearing that a retreat now would accelerate a worrisome rise in borrowing costs and choke off recovery.

Then in the United States, data showed that the number of Americans filing new claims for unemployment benefits fell last week to the lowest level in nearly 15 months, while consumer prices increased further in May as the pandemic's easing grip on the economy continued to boost domestic demand.

While emerging market currencies such as the Turkish lira showed more pronounced reactions, dollar traders were already cautiously looking ahead to the U.S. Federal Open market Committee (FOMC) policy meeting scheduled for next week.

"The dollar's on the sidelines as it looks for the next key event risk and that's the FOMC meeting and the prospects the Fed might begin the talk of tapering, which could provide support to the dollar," said Paresh Upadhyaya, director of fixed income and currency strategy at Amundi U.S.

Read Also:- Best Investment During Stock Market Crash

Investors were closely watching U.S. consumer prices for any signs that higher prices could last longer than expected, potentially challenging the Fed's insistence that inflation pressures are transitory and that monetary stimulus should stay in place for some time yet.

While Upadhyaya sees June 11's data supporting the U.S. central bank's stance, he said "a lot of people fearing they could get chopped up in the price action might just want to wait" before making big bets.

The dollar index, which measures the greenback against a basket of major currencies, has fluctuated narrowly around the psychologically important 90 level, and was last down 0.08% at 90.0670 The euro was last down 0.05% at $1.2172.

"You have this tug between the two currencies, and it's creating a back and forth. That's why you're seeing a little bit of a cap in terms of dollar weakness and euro strength," said Minh Trang, senior FX trader at Silicon Valley Bank.

"The overall trend has been a bit of dollar weakness, not just because of the robust growth in the U.S. There's been robust growth overall. A lot of economies have been recovering," he said. "When you have optimism in overall global growth, typically that creates a risk on mentality that's going to favor other currencies over the dollar."

Deutsche Bank's Currency Volatility Index, was at its lowest level since February 2020.

In crypto markets, bitcoin edged higher, last up 0.4% at $36,563. The best-known crypto currency has struggled since reaching a record $64,895.22 in mid-April.

Article Source:- Moneycontrol

Despite high skills proficiency in areas like Machine Learning and Math, India trails in data skills. The Coursera’s Global Skills Report 2021 by global online learning platform Coursera said that overall, India ranks 67th globally.

India ranks 55 in business, at 66 in both technology and data science. In Asia, India ranks low, placed at 16, ahead of countries such as the Philippines and Thailand, but below others like Singapore and Japan.

The platform said in a statement that over 5.7 million learners from India had joined Coursera in 2020. Despite the increase in enrollments, Coursera’s latest Global Skills Report 2021 said that India continues to witness a digital skills gap.

The study draws on performance data since the pandemic's onset from more than 77 million learners on the platform to benchmark skills proficiency across business, technology, and data science for over 100 countries.

The report reveals that while Indian learners are relatively more adept at digital skills like cloud computing and machine learning, there is a significant skill challenge across the three key domains.

As demand for data scientists outstrips supply worldwide, India is also grappling with a shortage of data science professionals. Coursera’s GSR 2021 indicates that Indians have 52 percent proficiency in ML and 54 percent in mathematical skills.

However, there is significant room for improvement in two key skills for digital transformation-Data Analysis and Statistical Programming, ranked only at 25 percent and 15 percent skills proficiency respectively.

A report by AWS estimates that digitally skilled workers represent only 12 percent of India’s workforce, and the number of employees requiring digital skills is expected to increase nine-fold by 2025.

"The pace of skills transformation is slower than the pace of digital transformation in India, as is the case in several countries across the world. Learners must invest in both soft and technical skills to prepare for jobs of the future," said Raghav Gupta, Managing Director - India and APAC, Coursera.

Among the various skills, cloud Computing is India’s strongest technology skill with 83 percent proficiency. A report by Wheebox, ranks India among the top nine nations for global public cloud services, with a growth rate higher than the global average.

The report said that the increasing investment in cloud technology and computing power marks a clear direction of future talent demand. It added that cloud computing is an area that also presents an employment opportunity for entry-level workers with just 51 hours of learning.

It added that India must focus on building key data skills, despite strong foundational skills like Machine Learning (ML) and Mathematics.

STEM and women learners

The report said that India shows evidence of evolving gender dynamics as women adopt online learning at one of the fastest paces globally.

The share of overall Coursera course enrollments as well as in STEM courses from women learners in India saw an unprecedented increase. The former increased from 25 percent pre-pandemic to 35 percent in 2020, accounting for the fourth highest increase globally.

Here, the share of STEM course enrollments - which constitute many foundational digital skills, by women learners in India grew from 22 percent pre-2020 to 33 percent in 2020, the second highest increase globally. However, an overall learner-share of 37 percent (women), emphasizes a gap in access to online learning.

Read Also:- Benefits of investing in indian stock market

Based on the performance data of millions of learners on Coursera globally, the report also reveals the skills and time required to prepare for entry-level roles.

It said that recent graduates and mid-career changers can develop entry-level, digital job skills in as little as 35 to 70 hours (or 1-2 months with 10 learning hours per week).On the other hand, someone with no degree or technology experience can be jobready in 80 to 240 hours (or 2-6 months with 10 learning hours per week).

The most transferable skills across all future jobs are in human skills like problem solving and communication, computer literacy, and career management.

Article Source:- Moneycontrol