Sensex gained 1,000 points in 36 sessions to scale Mt 42K; over 300 stocks up 10-100%
By Ritu Capital Sands The Sensex crossed 42,000 for the first time as it touched 42,059 in the morning trade on January 16. It took 36 sessions for the index to make the journey from 41,000 (first hit on November 26) to 42,000, but the big movers were the small & midcap stocks. The Sensex […]
Bank of England’s Saunders sticks to rate cut view
By Ritu, Capital Sands Bank of England interest-rate setter Michael Saunders said on Wednesday he was sticking to his view that borrowing costs should be cut because of weakness in Britain’s labor market and its broader economy. “It probably will be appropriate to maintain an expansionary monetary policy stance and possibly to cut rates further, […]
Pound on Longest Losing Streak Since May on BOE Easing Talk
By Ritu, Capital Sands The pound extended its decline to the longest run in eight months as speculation of an imminent Bank of England interest-rate cut increased. Sterling fell as much as 0.3% against the dollar to $1.2955. Credit Agricole SA pointed out that more than half of the members of the bank’s Monetary Policy Committee are […]
Sterling Slips vs Dollar, Euro as Vlieghe Fuels Rate Hopes
By Ritu, Capital Sands The dollar opened the week stronger against the pound sterling and the Japanese yen, but weaker against the euro, with markets still unsettled by the weak labor market report on Friday. The dollar index, which measures the greenback against a basket of currencies, was effectively unchanged at 97.130. However, that masked a 0.5% rise for […]
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