Bruce Bentley

Stocks are expected to start the week on the front line in Asia after strong US earnings added to prove the pandemic recovery is picking up pace. The currencies remained stable early Monday. Futures were higher in Japan, Australia and Hong Kong. US futures changed little after most of the large groups in the S&P 500 advanced on Friday. US newbuild sales rebounded in March to their highest level since 2006, while production by manufacturers and service providers hit a record high in April. The 10-year yield on government bonds was below 1.6%. The dollar sustained losses against large competitors in early trading. Oil and gold were hardly changed. The focus is on this week's Federal Reserve meeting. Policy makers reiterate that they are in no hurry to withdraw support even if the US economy recovers. A number of earnings from mega-corporations like Tesla Inc., Facebook Inc., and Apple Inc. are analyzed as investors look...

HCL Technologies saw earnings decline 72 percent to Rs 1,102 billion for the January-March quarter Domestic equity markets are likely to start the week with modest gains, thanks to early signs of SGX Nifty futures trading. The trends in the SGX Nifty point to a positive opening of the index in India with a plus of 28 points. At 7:30 a.m., the Nifty futures were trading at 14,372 on the Singapore Stock Exchange, an increase of 28 points. On Friday, the BSE Sensex fell 202.22 points to 47,878.45 and the Nifty fell 64.80 points to 14,341.40. Stocks to be seen in trading during today's session ICICI Bank ICICI Bank on Saturday reported standalone earnings growth of 260.5 percent year over year to Rs.4,402.61 billion for the quarter ended March 2021. The profit for the same period last year was 1,221.4 billion rupees. HCL Technologies HCL Technologies posted earnings down 72 percent to Rs 1,102 billion for the January-March quarter from Rs 3,969 billion in the October-December quarte...