Global Market Updates – Monday, 11 Nov 2019

The US-China trade war returned to centre stage last week as investors swayed between optimism and caution as mixed, but broadly positive reports turned the markets bullish. Reports earlier in the week suggested that China was demanding more concessions in rolling back existing tariffs as a condition for the first phase deal. There was more uncertainty as the US suggested midweek that a deal might be delayed until December but on Thursday markets turned positive again as China stated that the US had agreed to roll back existing tariffs as part of the first phase deal. As a result Crude Oil and stocks were boosted, while Gold decreased in value.

The General Election campaign officially began in the UK with investors keeping a close eye on opinion polls. The governing Conservatives have a firm 12% lead over the Labour party, although some opinion polls show that this lead is narrowing The election will take place on December 12th and investors will be hoping for a clear result which doesn’t prolong the uncertainty on Brexit.

The Middle East was another source of focus last week with both Iran and Iraq in the headlines and affecting Crude and Gold prices. While Iran continues its nuclear program in Iraq large numbers of protests continued with some blocking the key Nassiriya oil refinery and disrupting oil supplies.

Crude Prices were again pressured by poor inventories data this week, but finished higher over trade optimism.

Stock prices recorded all time highs again this week as trade sentiment supported the markets and better than expected US economic data, continued to calm fears of a US economic slowdown.

The prices of Natural Gas, Crude Oi, Palladium, Silver Platinum, and Gold saw the greatest volatility last week.

Natural Gas was the most volatile last week at 14.25%, and edged lower over the week by 0.64%, as the weather forecasts showed slightly milder weather was expected dampening prices somewhat.

Crude oil also experienced very high oscillations, showing volatility of 13.34%. The commodity’s price slipped slightly by 0.21% and prices were most volatile on Wednesday as fears over global demand continued amid nervousness over US – China first phase trade talks progress.

Palladium saw great volatility, recording 10.06% volatility but falling by 3.04% over the week with a strengthening dollar putting pressure on precious metals last week.

Silver was also highly volatile last week recording volatility of 12.68% and fell lower by 6.31%. Silver saw greatest volatility on Tuesday.

Platinum prices oscillated this week recording 11.46% volatility and declined by 3.04% over the week. The precious metal experienced most volatility on Thursday.

Gold prices continued oscillating by 6.68% last week and traded downwards by 3.51% over the week with the precious metal seeing most volatility on Thursday, in a volatile week that saw trade optimism turn slightly sour at the very end of the week.

How to Get Better at Time Management?

The greatest time stealer between the phone, the visitor, the prolonged break, the e-mail and the chit-chat is the never ending “do you have a minute?” approach. Whenever possible say no. Allow a time each day that is dedicated to projected time lost. Find out why you are wasting time and have a realistic plan not to fall into the same pattern. When they start on a work, they rarely stop until it is finished, doing the most difficult things first thing in the morning.

Phone calls and mails are done in one lump of time. Breaks and easier jobs are usually done on times that they know they are least effective. The main idea is to plan time spent for each job section and protect the plan. The changes in real time management is fast as the application of real time statistics and information on international commerce that needs to be processed for more accurate decisions are constantly shifting.

What are the Benefits of Time Management? Aside from the fulfillment that one derives out of being more efficient and productive the effective practice of time management allows the following benefits: A sense of achievement in the workplace, man’s worth to the company is measured against the amount of output that is contributed and the influence that it creates. Let us say here (just for illustration) that lecture time is 25 hours. What remains is about 60 hours. Here’s the sweet part. Once you take away the time to review and do the assignments in each lesson, becomes your free time. If you use your time well during class, you would not be reviewing as much and those are hours added to your personal time.

Time Management Lessons

It is often ironic that individuals who focus on the end results and not in being busy ends up in doing much and still have time enough for themselves. Today, time management courses have been developed that encompasses practically all the hours in our daily affairs. All time management courses differ on the titles and settings but are basically designed the same.

Time management courses are meant to keep us functioning effectively and cope with the expectations of the present and our expectations of ourselves. It analyses your to do list and offers prioritization of work that keeps the user constantly on track of tasks at hand and those that needs doing next. Time management software provides easy networking without the need for servers and allows the user to share data with those that are on the same network. – At the end of the day, have a to do list for the following morning and stick to it. – Use time management tolls. Different softwars are available on the net.

Attend time management programs. If your company does not sponsor these, spend a little, you will gain more. It is a misnomer to say that there is not enough time.

Most businessmen will tell you that no matter how well or bad the plan was in starting out, there usually is an initial success followed immediately by problems. This is what they call the beginners luck. When the problems begin to seem to be overwhelming, that is the point where most quit. This is also similar to time management that is at work.

Time Management Techniques for Better Time Utilization Since time is the only real resource that one has, it has often been said that people who have managed this resource are also usually good at managing other things. The time management techniques that they have applied to themselves are also the parameters that they apply in other modes of their behavior.

Digital Demand Drives Growth for TCS in Q2FY2019

  • Digital revenue at 28%, up 60% YoY (CC)
  • $ Revenue grows +10% YoY; Constant Currency: +11.5% YoY
  • Operating Margin at 26.5%; +144 bps expansion YoY
  • Net Profit up 11.9% YoY

Mumbai, October 11, 2018: Tata Consultancy Services (BSE: 532540, NSE: TCS), the leading IT services, consulting and business solutions firm reported its consolidated financial results according to Ind AS and IFRS for the period ending September 30, 2018.

Financial Highlights for Quarter Ended September 30, 2018

  • Revenue at $5.215 Bn, +10 % YoY
  • Net Income at $1.119 Bn, +11.9% YoY
  • Operating Margin at 26.5%, an expansion of 1.4% YoY
  • Earnings Per Share at $0.29, +11.9% YoY
  • Net Cash from Operations at $1.042 Bn i.e. 93.2% of Net Income
  • Dividend per share of Rs. 4.00
    Record date 24/10/18; Payment date 30/10/18

Business Highlights for Quarter Ended September 30, 2018

  • BFSI, Retail verticals continue to accelerate: +6.1% and +15.6% YoY respectively
  • UK and Europe lead growth: +22.8% YoY and +17.4% YoY respectively
  • Superior client additions across bands: 4 new clients in the $100M+ band, 7 in the $20M+ band, 10 in the $10M+ band, 11 in the $1M+ band
  • World’s largest Agile-ready workforce: 279,000+ employees Agile trained
  • Net addition of 10,227 in Q2: highest in 12 quarters
  • Best-in-class retention: IT Services attrition rate steady at 10.9% LTM

Commenting on the Q2 performance, Rajesh Gopinathan, CEO and MD, said, “We are very pleased with our all-round strong performance in Q2. Revenue growth was driven by expanding demand for digital transformation across verticals, and continued acceleration in BFSI and Retail. Our industry-leading digital growth, and best-in-class client metrics bear testimony to our standing as the preferred partner in our customers’ growth and transformation initiatives.

He added: Our Business 4.0 thought leadership framework, contextual knowledge, and full stakeholder capabilities differentiate us, and drive demand for our solutions and services. Our Machine First Delivery Model (MFDM™) and Location-independent Agile methods are helping customers integrate automation deep within their enterprise, and orchestrate a more effective human-machine interplay to deliver superior customer experience at scale.

N Ganapathy Subramaniam, Chief Operating Officer & Executive Director, said, “This has been a very good quarter, with strong demand in areas like analytics, cloud and automation. Our Quartz Blockchain Solution is gaining traction, and we are seeing the creation of nascent ecosystems which could transform markets. Our Enterprise Agile 2020 vision is shaping open, collaborative workplaces and Agile ways of working. This, along with MFDM, is driving intelligent automation and the discovery of a new meaning to work i.e. training the machines with the contextual knowledge, scaling businesses and creating ecosystems. This people-first approach to the machine-first world is seen as a key differentiator by our clients in driving growth, competitive edge and innovation in their businesses”

V Ramakrishnan, Chief Financial Officer, said, “It is encouraging to be back in our preferred range of profitability at the operating level. Even as we expand our investments to build on our lead in the Digital space, our disciplined operations, the improving growth trajectory and a supportive currency make our margins resilient.” Continue reading

Full-Stack Java Developer, Boston

Role: Java Full Stack Developer, reporting to the VP of Engineering.

You’ll be expected to jump into our technology stack and start shipping code immediately, making an impact on the direction of the product, team, and company. This role requires working closely with stakeholders, including the CEO and management team, to support our company vision and product roadmap. You will be contributing to the entire technology stack, from back-end services to single-page web applications.

The problems you will help solve include:
• Improving the performance of web pages
• Enhancing the stability and scalability of the system
• Securing sensitive information in a client side application
• Caching of highly dynamic data Continue reading