UK economy’s post-election rebound strengthens in January: PMI
By Administrator_India, Capital Sands The British economy’s post-election bounce gained strength in January as services companies enjoyed the strongest influx of new orders since mid-2018, a closely watched survey showed on Wednesday. The IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) rose to 53.9 January, a full point higher than a preliminary reading for the […]
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 […]
Shanghai stocks hit by $370 billion wipeout as virus fears pound Chinese markets
By Administrator_India Capital Sands Chinese stock and commodity markets fell heavily at the open on Monday, in the first trading session after an extended Lunar New Year break, as investors dumped risky assets in response to rising fears about the spread of a new virus across China. The plunge wiped almost $370 billion in market […]
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 […]
China’s service sector activity grows faster in January: official PMI
By Administrator_India Capital Sands Growth in China’s services sector activity quickened in January, official data showed on Friday. The official services PMI rose to 54.1, from 53.5 in December, the National Bureau of Statistics said. The 50-point mark separates growth from contraction on a monthly basis. Beijing has been counting on a strong services sector […]
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 […]