By Ritu, Capital Sands Indian shares jumped more than 3% on Thursday and were set for their best month in nearly 11 years, as sentiment improved on promising early results from a COVID-19 drug trial, while heavyweight Reliance Industries gained ahead of its results. The NSE Nifty 50 index advanced 3.11% to 9,850.3 by 0455 […]
Continue Reading
By Administrator_India Capital Sands China’s factories suffered a collapse in export orders in April, twin surveys showed, suggesting a full-blown recovery appeared some way off as the coronavirus health crisis shut down large parts of the world economy. The sobering result comes amid moves by major nations to ease up on lockdowns, underlining the stiff […]
Continue Reading
By Ritu, Capital Sands Lending to euro zone companies surged in March as firms rushed for emergency funding amid the continent’s coronavirus-related lockdown, data from the European Central Bank showed on Wednesday. With millions of people forced to stay home, the bloc came to a standstill last month and the economy could shrink by a […]
Continue Reading
By Administrator_India Capital Sands Oil prices climbed on Wednesday, trimming some of this week’s steep losses after U.S. stockpiles rose less than expected and hopes grew for demand to pick up as some European countries and U.S. cities moved to ease coronavirus lockdowns. U.S. West Texas Intermediate (WTI) crude futures jumped to a high […]
Continue Reading
By Administrator_India Capital Sands The U.S. dollar sold off aggressively in early trade Monday, with traders turning away from the safe haven as more and more countries announce a gradual lifting of their Covid-19 restrictions. At 3 AM ET (0700 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, […]
Continue Reading
By Administrator_India Capital Sands Gold was up in Asia on Monday morning, boosted by continuous economic stimuli to combat the COVID-19 pandemics economic woes. Gold futures were up by 0.23% at $1,739.60 as it reversed its earlier slip. The yellow metal’s previous session saw falls as investors cautiously cash out of their positions in the yellow metal as Asian stocks recorded gains. “Gold is holding well near highs of […]
Continue Reading
By Administrator_India Capital Sands German business morale crashed in April in its most dramatic fall on record and hit its lowest reading since reunification as the coronavirus crisis takes a heavy toll on Europe’s largest economy. The Ifo institute said on Friday its April survey showed that its business climate index slumped to 74.3 from […]
Continue Reading
By Administrator_India Capital Sands The RBI said on Thursday it will buy and sell bonds in a special operation this month, leaving traders wondering if it is attempting to partially monetise government debt – but giving the benchmark bond its biggest one-day rally in nearly six months. The RBI said it will simultaneously buy and […]
Continue Reading
By Administrator_India Capital Sands Oil rose on Thursday, spurred by rising tensions in the Middle East, output cuts by producing nations to tackle oversupply and the promise of more government stimulus to ease the economic pain of the new coronavirus pandemic. Brent crude was up $1.78, or 8.7%, at $22.15 a barrel by 0940 GMT. […]
Continue Reading
By Administrator_India Capital Sands The coronavirus pandemic battered Asian economies in April with social-distancing policies and business closures taking a particularly heavy toll on the region’s service sector firms, surveys showed on Thursday. The outbreak, which has infected more than 2.5 million and killed about 180,000 globally, has also continued to cripple manufacturing, shutting […]
Continue Reading
