By Ritu, Capital Sands Anyone who’s been to a supermarket in the last few weeks has probably come away with the idea that the sector is doing better than most in the current Covid-19 crisis. Yes, there has been an uplift from panic-buying of staples – a 30% uplift in U.K. stores, the company said […]
By Ritu, Capital Sands European stock markets sank on Friday, erasing meagre gains for the week, as more companies flagged a hit to business from the coronavirus pandemic while oil prices extended their previous day’s gains on hopes of a global supply cut. With virus-fighting lockdowns raising the risk of a prolonged global downturn, investors […]
By Ritu, Capital Sands India stocks were higher after the close on Tuesday, as gains in the Oil & Gas, Fast Moving Consumer Goods and Public Sector Undertakings sectors led shares higher. At the close in NSE, the Nifty 50 rose 3.82%, while the BSE Sensex 30 index climbed 3.62%. The best performers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd. […]
By Ritu, Capital Sands The Bank of Russia bucked a global trend for interest-rate cuts amid the spread of coronavirus by keeping borrowing costs on hold amid a currency slump. The benchmark interest rate was held at 6%, according to a statement Friday, following 175 basis points of easing in the past year. The decision […]
By Ritu, Capital Sands Indian stocks closed lower for a fourth straight day on Thursday as a sharp late-afternoon surge failed to reverse deep losses from earlier in the session. The Nifty settled down 2.42% at 8,263.45, while the Sensex closed 2.01% lower at 28,288. Both indexes closed at levels last seen in 2017. The […]
By Ritu, Capital Sands European shares rose on Tuesday, following a sharp sell-off in the previous session triggered by panic over the hold that the coronavirus has over Europe and the resulting damage to business activity and company finances globally. The pan-European STOXX 600 index was up 2.7% at 0804 GMT after plunging to its […]
By Ritu, Capital Sands When the U.S. Federal Reserve cut interest rates to near zero on Sunday, the dollar fell, since the move blew away the yield on owning dollars and with it much of their attraction. Yet few are willing to bet on a prolonged decline. Pandemic fears are roiling markets, driving a scramble […]
By Ritu, Capital Sands The wait for a coordinated U.S. package of policy measures to offset the impact of the Covid-19 outbreak goes on, although House Speaker Nancy Pelosi told reporters that a deal was “near”. Europe enacted more emergency measures as the virus continued its spread, while accurate U.S. data remain elusive due to […]
By Ritu, Capital Sands President Donald Trump’s announcement of a European travel ban sends markets into a fresh tailspin, while Italy shuts down all but essential business activity to contain the coronavirus. The European Central Bank is expected to expend more of its depleted pile of ammunition supporting the eurozone economy and banking system, and […]
By Ritu, Capital Sands Investors pulled out of most asset classes, with stocks and bond funds seeing a combined $36 billion of outflows in the week to Wednesday, BofA said, amid fears of economic damage from the coronavirus epidemic. Stock markets have been selling off since mid-February, wiping out roughly $6.5 trillion of market values, […]