European shares falter as year-end rally fades
By Ritu, Capital Sands European shares looked set to end the decade with a whimper on Tuesday as investors locked in gains after a record rally that was fueled by optimism around trade and easing fears of a global recession. In a shortened session ahead of the New Year’s Eve celebrations, the pan-European STOXX 600 […]
Yuan hits multi-month highs as economy shows signs of stabilization
By Ritu, Capital Sands The Chinese yuan hit almost five-month highs and the USD continued to retreat on the last day of the year in Asia. The U.S. dollar index was down 0.06% to 96.69 by 8:45 PM ET, continuing a multi-day slide. The People’s Bank of China (PBOC) set the reference rate for the yuan at 6.9762, […]