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 The new U.S. ban on foreign citizens entering the country if they have traveled to Europe in recent weeks will heap more pressure on airlines already reeling from the coronavirus pandemic, hitting European carriers the hardest, analysts said. The 30-day restrictions from Friday, which exclude Britain, are similar to those that […]
By Administrator_India https://capitalsands.com/ After sailing close to the wind since the Lok Sabha elections last year, the Madhya Pradesh government, run by the Congress, was on the verge of collapse on Tuesday, and it looks certain that Shivraj Singh Chouhan of the BJP will return as chief minister. Chouhan had been chief minister from 2005 to the […]
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, […]
By Administrator_India Capital Sands Gold prices inched higher on Friday and were poised for their biggest weekly gain since October 2011, as mounting worries over the economic fallout from the fast-spreading coronavirus drove investors towards the safe-haven metal. Spot gold climbed 0.2% to $1,672.80 per ounce by 0118 GMT, having risen about 2% in the […]
By Administrator_India, Capital Sands Asian shares rallied for a fourth straight session on Thursday as U.S. markets swung sharply higher and another dose of central bank stimulus offered some salve for the global economic outlook. Wall Street seemed to find relief in the strong performance of former Vice President Biden in the Democratic nomination campaign. […]
By Administrator_India, Capital Sands The S&P fell sharply on Tuesday as the Federal Reserve rate cut was largely shrugged off amid an ongoing spread of the coronavirus in the U.S. The S&P 500 slumped 2.8%, the Nasdaq Composite lost 3% and the Dow Jones Industrial Average fell 2.95%, or 789 points. Washington state authorities now report nine deaths from Covid-19, while […]