Dollar holds gains vs Yen, virus risks dominate
By Administrator_India Capital Sands The dollar held gains against the yen on Wednesday amid a broad unwinding of safe-haven positions as China’s responses to the coronavirus outbreak supported investor confidence, even as deaths and new cases climbed. The Coronavirus outbreak claimed its first life in Hong Kong on Tuesday, as the mainland China death toll […]
UK regional productivity gaps as wide as in 1901, no easy fix seen: report
By Administrator_India, Capital Sands Gaps in economic productivity between London and other regions of the United Kingdom are as wide as they were in 1901 and there is no quick fix to overcome them, a report for the British government said on Tuesday. Prime Minister Boris Johnson has promised to ‘level up’ parts of the […]
Disappointing growth hits Google parent Alphabet shares
By Administrator_India Capital Sands Google parent Alphabet saw disappointing revenue growth in the fourth quarter, sending shares lower even as profits topped most forecasts. Detailing its cloud computing and YouTube revenues for the first time — both of which showed sharp gains — it said profits rose 19 percent from a year ago in the […]
Forex – Yuan Hit Hard as Trading Reopens
By Administrator_India, Capital Sands The Chinese yuan was hard hit Monday after the reopening of the country’s financial markets, with traders using this opportunity to register their concerns over the outbreak of the deadly coronavirus and the impact this could have on growth in the country. USD/CNY traded at 7.0209, up 1.2%, breaking through the 7.0 level for […]
European shares climb in early trading on Brexit day
By Administrator_India, Capital Sands Gains in airlines and mining stocks helped European shares rise in early trading on Friday, on a day the United Kingdom officially ends its 40-year membership of the EU. The pan-European STOXX 600 , which was up 0.3% , was still looking at its second straight weekly decline on concerns […]
Stocks – Europe Falls on Virus Fears; Earning Reports Flow
By Administrator_India, Capital Sands European stock markets moved sharply lower Thursday, weighed by weakness in Asia as the death toll from the coronavirus continues to mount, and amid reports that the virus has now spread to India. The U.K.’s FTSE index was trading 51 points, or 0.7%, lower, France’s CAC 40 was down 75 points, or 1.3%, while […]
Bank of England rate cut hangs in balance at Carney’s last policy meeting
By Administrator_India Capital Sands The Bank of England appears close to cutting interest rates for the first time in more than three years in Governor Mark Carney’s final policy vote on Thursday, the day before Britain leaves the European Union. The British central bank will assess the economy’s near standstill in late 2019, against early […]
ECB data point to widening split in euro zone economy
By Administrator_India, Capital Sands Bank lending to euro zone companies dropped to a two-year low last month while household lending expanded to a post-financial-crisis high, suggesting a widening rift in the bloc’s economy, European Central Bank data showed on Wednesday. Many companies in the euro zone are struggling with plunging trade and a manufacturing recession, […]
Stocks – Dow Rebounds as Apple Rallies Into Earnings
By Administrator_India Capital Sands The Dow rallied sharply Tuesday, as the rout a day earlier attracted bargain buying across stocks, even as the bulk of corporate earnings failed to live up to Wall Street expectations. The S&P 500 rose 1%, while the Nasdaq Composite gained 1.4% and the Dow Jones Industrial Average rose 0.7%. Bargain-hunting investors piled into beaten-down sectors like tech […]
Gold eases ahead of Fed meeting; virus fears persist
By Administrator_India, Capital Sands Gold prices fell on Tuesday as investors booked profits from the recent rally and the dollar firmed, although concerns over a new coronavirus kept safe-haven bullion underpinned. Spot gold fell 0.2% to $1,577.85 per ounce by 0820 GMT, after hitting a near three-week peak on Monday. U.S. gold futures were flat […]