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AUD/USD Forecast: Slowly Grinding Lower
AUD/USD Current Price: 0.6049
Australian NAB’s Consumer Confidence plunged to -11 in Q1 from -2.
Crude oil prices’ bounce lent temporal support to the commodity-linked Aussie.
AUD/USD with the risk skewed to the downside, about to challenge 0.6000.
The AUD/USD pair has fallen for a third consecutive day, ending the American session around 0.6040 and having posted a daily low of 0.6006. The pair bounced from the mentioned low amid the strong comeback in oil prices giving temporal support to commodity-linked currencies, although the advance was limited by the prevalent dollar’s demand. Australia released at the beginning of the day the Q1 NAB’s Business Confidence Index, which fell to -11 from -2. During the upcoming Asian session, the country will release the March AIG Performance of Construction Index, previously at 42.7, and the Commonwealth Bank Services PMI, expected to match the preliminary estimate and result at 39.8.
AUD/USD Short-Term Technical Outlook
The AUD/USD pair is offering a moderate bearish stance, according to the 4-hour chart, as it continues to trade below its 20 SMA, while around a bearish 100 SMA. Technical indicators in the mentioned chart hold within negative levels, although lacking directional strength. A break below the 0.6000 threshold should open doors for a steeper decline.
Support levels: 0.6035 0.6000 0.5960
Resistance levels: 0.6075 0.6110 0.6150
Image sourced by Pixabay
FINANCE
Sai Life Sciences se torna a primeira empresa com sede na...
Ao saudar a Sai Life Sciences em seus quadros, um porta-voz da PSCI disse: "A PSCI e seus membros têm o prazer de saudar a Sai Life Sciences como seu membro, o primeiro da PSCI com sua sede principal na Índia. Agrada-nos o entusiasmo da empresa para incorporar em suas práticas os Princípios da PSCI para Gestão Responsável da Cadeia de Abastecimento, e vemos sua adição ao nosso corpo de membros com outro sinal alentador de que práticas responsáveis estão ganhando influência num país que é importante para a cadeia de abastecimento de muitos de nossos membros".
A PSCI é uma organização sem fins lucrativos de membros com uma visão de estabelecer e promover práticas responsáveis que continuamente melhoram as cadeias de abastecimento farmacêutico. Espera-se que todos os membros da PSCI apoiem e incorporem os princípios básicos da organização, que englobam cinco áreas de práticas empresariais responsáveis, sendo elas ética, trabalho, saúde e segurança, meio ambiente e sistemas de gestão em seus contratos de abastecimento.
Respondendo ao anúncio, Krishna Kanumuri, CEO e diretor executivo disse: "Nós da Sai Life Sciences estamos verdadeiramente honrados com a entrada no corpo de membros da PSCI e ingresso em sua estimada liga de empresas. Este passo é uma forte reafirmação de nosso compromisso de implementar e defender práticas responsáveis de cadeia de abastecimento".
A Sai Life Sciences firmemente adotou a sustentabilidade como uma parte integral da estrutura de seus negócios e tomadas de decisão, mudando de uma abordagem 'orientada por conformidade' para uma mais proativa. Ela tomou diversas iniciativas, entre elas o estabelecimento de um sistema de gestão de aprendizagem online, adoção de princípios ecológicos de química no desenvolvimento de processos, construção de todas as novas unidades como 'edifícios verdes', aquisição de energia renovável, melhoria da saúde e segurança dos empregados através de programas de higiene industrial e condução de programas de desenvolvimento da comunidade sobre educação e cuidados com a saúde. As Metas de Desenvolvimento Sustentável (SDGs, em inglês) da empresa focam na minimização de sua pegada ambiental, fortalecimento da diversidade e inclusão, retribuição à sociedade e melhora de sua cadeia de abastecimento.
A Sai Life Sciences possui certificação ISO (14001:2015 e 45001:2018) para suas unidades de pesquisa e desenvolvimento e de produção, medalha de prata da EcoVadis na avaliação de responsabilidade social corporativa e classificação '5 estrelas' por excelência em práticas em meio ambiente, saúde e segurança (EHS, em inglês) no prêmio CII-Região Sul 2019.
Sobre a Sai Life Sciences
A Sai Life Sciences é uma CDMO de serviços completos, guiada por uma visão de apoio ao lançamento de 25 novos medicamentos até 2025. Em todo o mundo, a empresa trabalha com inovadoras empresas farmacêuticas e de biotecnologia, acelerando a descoberta, desenvolvimento e produção de moléculas complexas pequenas. Uma CMDO de atividade única (pure-play), a Sai Life Sciences atende a um conjunto diverso de programas de desenvolvimento de novas entidades químicas (NCE, em inglês) consistentemente entregando valor com base em sua qualidade e capacidade de resposta. Atualmente ela trabalha com 7 das 10 maiores empresas farmacêuticas, bem como com diversas empresas farmacêuticas e de biotecnologia de pequeno e médio porte. A Sai Life Sciences é privadamente mantida e apoiada por investidores globais, TPG Capital e HBM Healthcare Investments. www.sailife.com
FONTE Sai Life Sciences
SOURCE Sai Life Sciences
TECHNOLOGY
Automotive Steering Motor Market 2019-2023 | Use of EPS in Modern...
LONDON--(BUSINESS WIRE)--Technavio has been monitoring the automotive steering motor market and it is poised to grow by USD 2.06 billion during 2019-2023, progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please request latest free sample report on Covid-19 Impact
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Bosch, Brose Fahrzeugteile, DENSO, Johnson Electric, MAHLE, and SKF are some of the major market participants. The use of EPS in modern vehicles will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Use of EPS in modern vehicles has been instrumental in driving the growth of the market.
Automotive Steering Motor Market 2019-2023: Segmentation
Automotive Steering Motor Market is segmented as below:
Type
Electric Power Steering
Electro-hydraulic Power Steering
Application
Passenger Car
Commercial Vehicle
Geographic Landscape
The Americas
APAC
EMEA
To learn more about the global trends impacting the future of market research, download latest free sample report of 2020-2024: https://www.technavio.com/talk-to-us?report=IRTNTR30491
Automotive Steering Motor Market 2019-2023: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive steering motor market report covers the following areas:
Automotive Steering Motor Market Size
Automotive Steering Motor Market Trends
Automotive Steering Motor Market Industry Analysis
This study identifies increasing penetration of steer-by-wire technology as one of the prime reasons driving the automotive steering motor market growth during the next few years.
Automotive Steering Motor Market 2019-2023: Vendor Analysis
We provide a detailed analysis of vendors operating in the automotive steering motor market, including some of the vendors such as Bosch, Brose Fahrzeugteile, DENSO, Johnson Electric, MAHLE, and SKF. Backed with competitive intelligence and benchmarking, our research reports on the automotive steering motor market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Automotive Steering Motor Market 2019-2023 : Key Highlights
CAGR of the market during the forecast period 2019-2023
Detailed information on factors that will assist automotive steering motor market growth during the next five years
Estimation of the automotive steering motor market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automotive steering motor market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automotive steering motor market vendors
Table Of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.1 Preface
2.2 Preface
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
Market segmentation by application
Comparison by application
Passenger car - Market size and forecast 2018-2023
Commercial vehicle - Market size and forecast 2018-2023
Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2018-2023
Americas - Market size and forecast 2018-2023
EMEA - Market size and forecast 2018-2023
Key leading countries
Market opportunity
PART 09: MARKET SEGMENTATION BY STEERING TYPE
Market segmentation by steering type
Comparison by steering type
Electric power steering (EPS) - Market size and forecast 2018-2023
Electro-hydraulic power steering (EHPS) - Market size and forecast 2018-2023
Market opportunity by steering type
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 12: MARKET TRENDS
Continuous advances in automotive steering technology
Increasing penetration of EHPS in heavy commercial vehicles
Increasing penetration of steer-by-wire technology
Development of an all-electric power steering system for trucks and buses
PART 13: VENDOR LANDSCAPE
Overview
Landscape disruption
PART 14: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
Bosch
Brose Fahrzeugteile
DENSO
Johnson Electric
MAHLE
SKF
PART 15: APPENDIX
Research methodology
List of abbreviations
PART 16: EXPLORE TECHNAVIO
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
INSIGHTS
BANKING
PEOPLE
Sales of video games soar as the coronavirus leaves millions trapped...
Gamers line up for a copy of Animal Crossing video game outside an EB Games store on Yonge St., in downtown Toronto despite requests to self-distance and stay home.
Andrew Francis Wallace | Toronto Star via Getty Images
Sales of the latest video games have smashed records as millions are stuck at home after governments around the world locked down entire cities and pushed for social distancing measures to stop the coronavirus from spreading.
Nintendo's latest installment of its Animal Crossing franchise, titled New Horizon, was released on March 20 and sold more than 1.8 million copies in its first three days in Japan, according to video game publication Famitsu. In the U.K., the title sold more copies in its first week on the shelves than the launch sales of all previous entries in the series combined, gaming publication gamesindustry.biz reported.
The social simulation game allows players to create their own avatar and engage in activities such as fishing and gathering resources across islands, with the aim of building new tools and expanding their virtual homes.
A game like Animal Crossing is an antithesis to the difficulties that many people are suffering from the coronavirus outbreak.
Piers Harding-Rolls
Research director for games, Ampere Analysis
Piers Harding-Rolls, research director for games at Ampere Analysis, told CNBC in an email that the early sales figures were "an outperformance on prior expectations."
"Animal Crossing as a Nintendo (intellectual property) has never been a tier-one seller," Harding-Rolls said. "This latest release has shifted the franchise to the big league."
Niko Partners' senior analyst Daniel Ahmad was less surprised. He said the game was "expected to be a strong seller out of the gate" but acknowledged its initial sales performance was "beyond expectations."
Both analysts agreed that the coronavirus outbreak likely had a part to play in the sales spike. In a bid to slow the spread of the virus, major cities in the world have gone into lockdown as people are asked to stay at home and avoid going outside unnecessarily, with some authorities even going as far as shuttering certain businesses that are not deemed "essential." Millions around the world have been cooped up at home as a result of these measures.
"COVID-19 has ultimately helped boost sales as more people are under lockdown and gaming is a safe and low cost form of entertainment," said Ahmad.
Harding-Rolls said the the sales spike was likely partially fueled by "the fact that a lot of gamers have more time on their hands at home at the moment."
He added: "A game like Animal Crossing is an antithesis to the difficulties that many people are suffering from the coronavirus outbreak, so has appealed to a lot of people because of that."
Animal Crossing is not the only title that gaming enthusiasts are flocking to. Multiple reports surfaced last week that first-person shooter, Doom Eternal, launched on March 20, had the best launch weekend in the franchise's history.
In addition, Ahmad also cited another game that recently launched — Activision Blizzard's free-to-play first-person shooter, Call of Duty: Warzone, which launched on March 10. Within just ten days, the game drew 30 million players.
"This makes it the fastest growing non-mobile title of all time," Ahmad said.
Staying in touch through games
Beyond those examples, both Harding-Rolls and Ahmad said online service-based games were likely to see a boost during this period, as people seek ways of connecting with others while at home.
"A lot of existing online service-based games are seeing more usage and records broken," said Harding Rolls. He said one of the reasons is that those who did not play as often before now have "more time on their hands at home."
Another category of people who could return to games are those who have "lapsed" and are now looking for some familiarity, Harding-Rolls said. With this group returning to games, they "may have played a lot in the past but have since dropped."
Games will become a place to socialize with friends in a virtual world when the real world is off limits.
Daniel Ahmad
senior analyst at Niko Partners
"Online competitive and live service games will see the strongest boost going forward," Ahmad said. He cited reasons such as them being an avenue for people to stay in touch with friends as well as the introduction of new content over time to drive long-term engagement.
"We also note that non-competitive games with social and online elements are another way for friends to stay in touch, explore game worlds and create user generated content," Ahmad added. "Games will become a place to socialize with friends in a virtual world when the real world is off limits."
Outlook for sector
As fears over the economic impact of the coronavirus roiled markets globally in recent weeks, the video game sector appears to have weathered the storm better than its peers.
VanEck's Gaming and Esports ETF, for instance, is up 2% year-to-date while the ETFMG Video Game Tech ETF has fallen only about 5% amid the big market sell-off. In comparison, the Dow Jones Industrial Average and S&P 500 posted their worst ever first quarter, losing about 23.2% and 20%, respectively.
Still, the overall sales impact of the pandemic on video games is still not clear.
Acknowledging that upcoming big budget games could see a boost in digital sales as consumers "treat themselves to entertainment in the home," Harding-Rolls said overall sales is likely to take a negative hit by the closure of games retail in many major markets. As a result, the jump in digital sales revenue may not "offset this hindrance," he said.
Ahmad, on the other hand, said the video game market is likely to see a "short-term boost" as a result of the lockdowns imposed.
— CNBC's Annie Pei contributed to this report.
OPINION
Op-Ed: Trump must put families and small businesses first as coronavirus...
U.S. President Donald Trump speaks as Vice President Mike Pence looks on during a news briefing on the latest development of the coronavirus outbreak in the U.S. at the James Brady Press Briefing Room at the White House March 18, 2020 in Washington, DC.
Alex Wong | Getty Images
The COVID-19 pandemic is a matter of life and death. Keep your focus on helping Americans stay healthy. History will measure your presidency by how many deaths were prevented, not on what the Dow Jones average was in March of 2020.
Yes, you must address the economic ramifications of this crisis. But stop looking at the stock market score board and start focusing on fixing what's going wrong with the underlying economy.
The 2.3 percent GDP growth for 2019 was the slowest in three years. Even prior to COVID-19, we were not experiencing, as you suggested, the "greatest economy in the history of our country."
Now the economy is being stressed by a major contraction in virtually all industries, especially the service industry that makes up over 77 percent of the total economy.
There is time to have the essential discussions on what does or does not need to be done for large, billion-dollar industries like the cruise lines, hotels, airlines, and casinos. But how does an immediate focus on multi-national corporations really help the small business owner who may never reopen his or her business, or the employee who was just laid off?
Right now the absolute priority must be helping families who are hit the hardest by their new inability to earn a living. Those who are most economically vulnerable in this situation are tipped workers like waitstaff, arena workers, and hotel staff; "gig economy" workers like rideshare drivers; people who help support working families like daycare workers and housekeepers; and small businesses, like dry cleaners, salons, and restaurants.
Now is the time to act quickly, but also the time to act wisely.
Right now the absolute priority must be helping families who are hit the hardest by their new inability to earn a living.
A payroll tax elimination may make it seem like you are doing something, but what does it do for the unemployed or underemployed? And how is it fair, or even make sense, for wealthy Americans to receive the same level of economic support as someone who is simply struggling to get by?
We already have a system to support unemployed workers, use it. Every American who has lost a paycheck or whose hours have been reduced should immediately be given unemployment at three times the amount typically provided, they and their families should be given a Medicaid card so they can secure health care, and an ETB (food stamp) card to receive food security.
No paperwork delays – cut the red tape. Application made, application accepted. And they shouldn't have to worry about Congress failing to pass an extension that pulls the rug out from under them before a downturn ends. That assistance must remain until the health crisis is over.
If you are a coronavirus-affected "gig economy" worker, you get the same benefits as an employee. So, the Uber driver can get the same benefits as a regular employee. In the same vein, those employers who want to keep unemployment premiums down by putting workers on zero hours, knock it off. It should never be allowed and certainly not allowed now. Put employees who are not working on unemployment.
The federal government should renew the Emergency Unemployment Compensation program so these new benefits don't cost states a dime. The federal government must make an immediate deposit into every state unemployment fund to keep those funds solvent. And this crisis should not be used to increase unemployment premiums for affected businesses. The tax rate should be frozen.
To get money into the hands of low-income working Americans, we should double up on the earned income tax credit. For taxpayers who have already filed their 2019 return, cut another check.
For our retirees who are living on fixed incomes from social security, small pensions, small dividends, and interest, the federal government should add $500 in additional monthly social security payments.
On small business relief, low interest loans and tax relief are meaningless. These businesses do not have taxable income or a tax liability and chances are they are already highly leveraged, and they cannot afford to repay business loans even if it is at no interest. Small businesses need cash now. So use the SBA infrastructure, provide immediate grants, not loans, to small businesses. Give them grants for lost inventory and income.
Finally, provide massive relief to the non-profit world that is dealing with the social stress of this crisis. More money for homeless shelters, more money for youth programs, more cash for food programs.
Once these things are done you can turn your attention to what, if any, relief should go to the multi-national corporations who got their tax cuts and spent them on stock buy backs.
Heidi Heitkamp, a CNBC contributor, represented North Dakota for six years in the U.S. Senate. During her tenure on the Senate Committee on Banking, Housing, and Urban Affairs, she pushed to reform the nation's housing finance system, make housing more affordable, and provide relief to small financial institutions.
POLITICS
Target Announces New Measures to Promote Safety and Social Distancing
MINNEAPOLIS, April 2, 2020 /PRNewswire/ -- As Target (NYSE: TGT) stores across the country continue helping millions of guests shop for the food, medicine and other essentials they need, the retailer today announced new safety measures to help reduce the spread of the coronavirus. Effective April 4, Target will actively monitor and, when needed, meter guest traffic in its nearly 1,900 stores nationwide to promote social distancing. Additionally, Target will supply its more than 350,000 team members in stores and distribution centers with face masks and gloves to wear at work, while continuing to encourage healthy hygiene habits as provided by the Centers for Disease Control and Prevention (CDC). These updates are on top of action the company has taken in recent weeks with the health and safety of its guests and team members in mind, such as rigorous cleaning routines at its stores and distribution centers; social distancing measures like floor signage to encourage guests and team members to remain six feet apart; Plexiglass partitions at all registers; and contactless order pickup and home delivery.
"We're incredibly proud of the commitment our more than 350,000 frontline team members have demonstrated to ensure millions of guests can count on Target, and we'll continue to focus our efforts on supporting them," said John Mulligan, executive vice president and chief operating officer, Target. "The measures we're announcing today are aimed at ensuring we are creating a safe environment for the guests who continue to turn to Target, while also providing our team will additional resources as they fulfill an essential service in communities across the country."
Store Traffic Monitoring and Metering
To promote social distancing with its team and guests, Target will monitor store traffic, and meter, or limit, the number of guests inside stores, when needed. Occupancy limits will vary by location and be determined by the store's specific square footage to enhance the average space per person and reduce the possibility of congestion. If metering is required, a Target team member will provide a designated waiting area outside with social distancing markers.
Face masks and gloves for all frontline Target team members
Target will provide all team members in stores and distribution centers with high-quality, disposable face masks and gloves to wear at the beginning of every shift and strongly encourage that they be worn while working. Shoppers with Shipt, the same-day delivery service owned by Target, also will be able to obtain masks and gloves at stores across the country. All stores and distribution centers will receive face masks and gloves within the next two weeks.
Donations to the medical community
On top of Target's previous donations of anti-viral and N95 respirator masks to first responders and healthcare professionals at more than 50 organizations across the country, the retailer also announced that it will donate an additional 2 million KN95 respirator masks to the medical community. It will continue to explore ways to secure additional inventory for those in critical need.
Encouraging healthy hygiene habits
Target is continuing to provide guidance to encourage its team members to practice healthy hygiene habits, as recommended by the CDC, including asking them to stay at home if they are sick. To date, Target has implemented enhanced benefits to support its team members, including:
Investing more than $300 million, including higher hourly wages for frontline team members through at least May 2, which amounts to $240-$480 per team member. Also, for the first time, Target's paying out bonuses to the 20,000 team leads who manage individual departments in stores.
Extending benefits to team members, including waiving Target's absenteeism policy, offering quarantine pay for 14 days and confirmed illness pay at 100% for 14 days, and making backup care available to all team members.
Offering the opportunity to team members who are 65 or older, considered among the most vulnerable by the CDC, or are pregnant to take a fully-paid leave for up to 30 days.
Offering dedicated shopping hours so front-line team members can purchase the essentials they and their families need.
About Target Minneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 1,900 stores and at Target.com. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. For the latest store count or for more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.
SOURCE Target Corporation
Related Links
www.target.com
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