By Administrator_India, Capital Sands The economic impact of the growing coronavirus outbreak is shifting from service-driven industries like hotels and restaurants to the manufacturing sector on both sides of the Atlantic, leading to a synchronized shutdown of heavy industry that historians and industry experts say is unlike any seen since the 1940s. Automakers in the […]
By Administrator_India, Capital Sands Australia and Taiwan joined a growing list of countries offering financial aid to their ailing aviation sectors as global airlines announced deeper capacity cuts due to plummeting demand and stricter border controls associated with the coronavirus. With airlines halting plane deliveries and new orders to conserve cash, Boeing Co called on 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 Administrator_India, Capital Sands China’s industrial output contracted at the sharpest pace in 30 years in the first two months of the year as the fast spreading coronavirus and strict containment measures severely disrupted the world’s second-largest economy, data showed on Monday. Urban investment and retail sales also fell sharply and for the first time […]
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 Administrator_India, Capital Sands It was a dismal end to the week for Asian markets, which took more hard hits after US markets tumbled in their worst session since the 1987 “Black Monday” crash. With details still scarce on a stimulus package proposed by U.S. President Donald Trump and despite the announcement of a US$1.5 […]
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 Administrator_India, Capital Sands Oil prices plunged around 25% on Monday, heading towards their biggest daily loss since 1991 after Saudi Arabia slashed prices and set plans for a big increase in crude production in April. Prices fell as much as 31% following the Saudi move to start a price war after Russia balked at […]
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, […]