The fourth quarter earnings season is gaining traction, with key reports expected from Waaree Energies, Tata Communications, and HCL Tech. HCL Technologies anticipates a sequential revenue drop due to seasonal factors, with projected YoY revenue growth around 5% and net profit growth at 8%. Investors will closely monitor the impact of macro conditions and deal momentum.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.