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20May2021 Pre-Market Commentary: Wall Street Stock Futures Point To A Fourth Straight Negative Session, DOW Down 56 Points, Nasdaq Up 0.3%, WTI Crude Slips Again 62.84, Crytos Higher, Bitcoin At 41900


Jobless claims drop more than expected for a new pandemic low (SPY +0.1%). Tech names and bitcoin tried to shake off their recent weakness.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
The IEA May Have Given OPEC A Huge Gift
An immediate halt to oil exploration is one of the steps that need to be taken in order for the world to reach Paris Agreement climate change commitments. Thats what the International Energy Agency said in a first-of-its-kind roadmap to net zero. The roadmap features a lot of fascinating changes that our species would need to make to their way of life by 2050, and most of them are already popular enough with various forecasters: a massive increase in electric car sales is there and an equally massive shift to wi ....

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Editor's take: The week that was — Jan 11-16


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Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We ....

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Wipro Q3 net rises 21% to ₹2,968 cr; expects Q4 revenue growth at 1.5%-3.5%


Wipro Q3 net rises 21% to ₹2,968 cr; expects Q4 revenue growth at 1.5%-3.5%
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Total revenue rose marginally to ₹15,670 crore in Q3FY21
Wipro CEO Thierry Delaporte says company saw second straight quarter of strong performance and that revenue growth is at upper end of their guidance
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IT software giant Wipro on Wednesday reported 21% rise in consolidated net profit at ₹2,968 crore for the quarter ending 31 December, 2020. It was ₹2,456 crore in the year-ago period.
Total revenue rose marginally to ₹15,670 crore in Q3FY21. Wipro expects revenue from its IT Services business to be in the range of $2,102-$2,143 million, which translates to a sequential growth of 1.5% to 3.5%. ....

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