Dollar shines against Euro, riskier peers as virus hit widens
By Administrator_India Capital Sands The dollar stood tall over the languishing euro and heavily sold exporter currencies on Wednesday, as investors reckoned with a deepening economic fallout from the coronavirus. The new coronavirus has caused 2,004 deaths in China and infected more than 74,000 people, while measures to contain it have paralyzed the economy and […]
India stocks lower at close of trade; Nifty 50 down 0.44%
By Ritu, Capital Sands India stocks were lower after the close on Tuesday, as losses in the Metals, Auto and Real Estate sectors led shares lower. At the close in NSE, the Nifty 50 lost 0.44%, while the BSE Sensex 30 index lost 0.39%. The best performers of the session on the Nifty 50 were Coal India Ltd , which rose 2.92% or 4.90 points […]
Europe Seen Edging Higher After PBoC Eases Policy Again
By Ritu, Capital Sands European stock markets are set to open a little higher Monday, helped by further efforts by the Chinese authorities to limit the damage caused by the coronavirus outbreak. Volumes are likely to be limited, though, with the U.S. markets closed. Earlier Monday, the People’s Bank of China provided medium-term funding to […]
Coronavirus cases rise again in China as recession looms for Japan, Singapore
By Administrator_India Capital Sands The number of reported new cases of coronavirus in China’s Hubei province rose on Monday after two days of falls, as authorities imposed tough new restrictions on movement to prevent the spread of the disease which has now killed more than 1,700 people. With no end in sight for the outbreak, […]
Asian Markets Rise; Nikkei Underperforms Amid Weak Consumer Spending Data
By Administrator_India Capital Sands Asian markets rose on Friday morning as traders continued to monitor developments on the coronavirus outbreak following Thursday’s spike in the number of cases reported. China’s Shanghai Composite rose by 0.5%, while the Shenzhen Component climbed 1.4%. Beijing is set to cut tariffs on certain U.S. products by half later in the […]
India’s January retail inflation rises, industrial output shrinks
By Administrator_India Capital Sands India’s annual retail inflation accelerated to its highest level in nearly six years, while industrial output unexpectedly contracted, showing that Asia’s third-largest economy remains troubled. Annual retail inflation rose to 7.59% in January, partly driven by rising vegetable prices. December industrial output contracted 0.3%, after rising for the first time in […]
Oil prices rise as new virus cases slow, easing Chinese demand concerns
By Administrator_India, Capital Sands Oil prices rose for a second day on Wednesday amid preliminary signs that new coronavirus cases are slowing in China, easing concerns over the demand impact from the disease in the world’s second-largest oil consumer. Brent crude was up 73 cents, or 1.3%, at $54.75 per barrel. U.S. West Texas Intermediate […]
Oil gains 1% as short-sellers take profit; investors still wary over coronavirus
By Administrator_India Capital Sands Oil prices rose more than 1% on Tuesday as recent sharp falls have encouraged investors holding short positions to book profits, but the market remains jittery over the Wuhan virus, which has now killed more than 1,000 in China. Brent crude rose 79 cents, or nearly 1.5%, to $54.06 a barrel, […]
Stocks – Wall Street Hits Records as Tech Rallies, Virus Fears Ebb
By Administrator_India Capital Sands Wall Street ended at record highs Thursday as traders cheered better-than-expected earnings and cast aside signs that the spread of the coronavirus in China continues to pick up pace. The S&P 500 rose 0.33% and the Nasdaq Composite rose 0.67%. The Dow Jones Industrial Average 0.30%. All three major averages closed in record territory. The number of […]
Solid U.S. data and virus optimism supports dollar
By Administrator_India Capital Sands The U.S. dollar stood tall on Thursday, supported by firm domestic data and hopes the coronavirus economic impact could be limited, even as the human toll continued to climb. Another 73 people on the Chinese mainland died on Wednesday from the outbreak, the highest daily increase so far, bringing the total […]