As the results season ends, global cues may fuel the markets2 min read 16 Aug 2020, 04:45 PM IST
Now the markets are likely to shift to developments related to global economic data and the coronavirus vaccine.
And, since we are closely following global markets, developments on the further stimulus package in the US, US-China trade tension would also be on investors’ radar
As many listed companies announced their June quarter earnings, some of the uncertainty surrounding the results is fast fading. While revenues growth was certainly hit in Q1, operating profits were not as badly hit as much as the Street was expecting, thanks to sharp cost cuts. Bottom-lines of most companies were much fatter than forecasts.
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