Asian shares climb on Trump trade deal comments
By Ritu, Capital Sands Asian shares rose on Wednesday as upbeat signals from Sino-U.S. trade talks fanned hopes of an easing of tariff hostilities, while expectations the Federal Reserve will keep interest rates low supported sentiment. The positive mood pushed Wall Street indexes to fresh record closing highs on Tuesday and stoked confidence in […]
Dollar hits 1-week high on yen as U.S.-China trade deal hopes rise
By Ritu, Capital Sands The dollar held an upper hand against the yen on Tuesday as optimism on a trade deal between the United States and China dented the allure of the safe-haven unit while the British pound was supported by hopes of an end to a hung parliament. China’s Global Times, a tabloid […]
Dollar slips as Chinese comments marginally boost risk appetite
By Ritu, https://capitalsands.com/ The dollar was marginally down on Friday and risk appetite boosted by statements from China on the need to find a solution to the tit-for-tat tariff war with the United States, raising hopes that a “phase one” deal could be reached. Chinese President Xi Jinping said Beijing wants to work out a […]
Oil falls from 2-month high as U.S.-China trade doubts dominate
By Ritu, Capital Sands Oil prices were toppled from their highest in nearly two months on Friday by doubts over future demand for crude as uncertainty continues to shroud a potential U.S.-China trade deal, and along with it the health of the global economy. That was more than enough to offset news of a […]
Trade War Threatens Tech Sectors in China and Silicon Valley
By Ritu, Capital Sands While the U.S-China trade war rages on, the tensions are exposing growing rifts between China and Silicon Valley. Leading venture capitalists and startup founders expressed concern over their governments’ fierce differences and the potential fallout. Among the dangers are a decline in cross-border investment, disruption in the supply chain and […]
Gold edges up on concerns of delay in U.S.-China trade deal
By Ritu, Capital Sands Gold prices inched up on Thursday, supported by concerns that U.S. bills on Hong Kong could increase tensions between the United States and China and delay an interim trade deal. Spot gold rose 0.1% to $1,471.93 per ounce by 0235 GMT. U.S. gold futures GCcv1 were down 0.1% at $1,472.20 per […]
Trade friction, oil drive European shares to worst day in six weeks
By Ritu, Capital Sands European stocks were on track for their worst day in six weeks on Wednesday, as a threat of U.S.-China trade negotiations hitting an impasse weighed, while a slump in Germany’s Wirecard and falling oil prices added to the gloom. Germany’s DAX .GDAXI , the most trade-sensitive among Europe’s regional indexes, dropped 0.9% […]
Asian Markets Slip as Trump Threatens Higher Tariffs
By Ritu Capital Sands Asian markets fell in morning trade on Wednesday after U.S. President Donald Trump threatened to raise the tariffs on Chinese goods even higher. China’s Shanghai Composite fell 0.4% by 10:30 PM ET (02:30 GMT), while the SZSE Component was little changed. Overnight, U.S. President Donald Trump he “will just raise the tariffs even higher” if […]
Gold prices steady as U.S.-China trade deal doubts linger
By Ritu, Capital Sands Gold held steady on Tuesday, after hitting its highest since Nov. 7 earlier in the session, as doubts about a trade deal between the United States and China dented risk sentiment. Spot gold was little changed at $1,471.90 per ounce as of 0559 GMT. U.S. gold futures GCv1 inched up 0.07% to $1,472.90 per […]