By Ritu, Capital Sands Gold inched up on Tuesday amid growing fears of a coronavirus resurgence in some countries and prospects of Sino-U.S. tensions flaring further, though gains were capped by a stronger dollar. Spot gold edged up 0.1% to $1,698.09 per ounce by 0617 GMT. U.S. gold futures climbed 0.4% to $1,704.10 per ounce. […]
By Administrator_India Capital Sands Oil futures climbed in early trade on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to help drain the glut in the global market that has grown as the coronavirus pandemic crushed fuel demand. Brent crude futures climbed to a high of $30.11 […]
By Ritu, Capital Sands India’s benchmark 10-year bond yield surged on Monday following the government’s decision to sharply increase market borrowing amid a major hit to the economy and public finances from the coronavirus pandemic. The government plans to borrow 12 trillion rupees ($160 billion) in the fiscal year to March 2021, up from the […]
By Admininstrator_India Capital Sands Japan will take additional stimulus measures “swiftly” to combat the fallout from the coronavirus pandemic, Prime Minister Shinzo Abe said, signaling a readiness to compile a second supplementary budget during the current Diet session running through June. The new package of steps would aim to cushion the blow to the world’s […]
By Administrator_India Capital Sands Gold was up on Asia on Friday morning, continuing its gains of around 2% from the previous session. Gold futures were up by 0.07% at $1,726.95, clawing back its slide of 0.2% earlier in the session. Investors sought the safe-haven yellow metal after the U.S. said on Thursday that 3.169 million Americans claimed unemployment last week. The country now has an unemployment rate of […]
By Ritu, Capital Sands The pound rallied after the Bank of England refrained from boosting its bond-buying program and held its benchmark interest rate steady. Sterling recovered from a two-week low as the BOE kept interest rates and quantitative easing unchanged in a rare early morning policy announcement. The central bank has already slashed interest […]
By Administrator_India Capital Sands Oil prices rose on Thursday after U.S. inventories swelled less than expected, but market watchers predicted further gains could be capped by the ongoing glut in crude supplies as the coronavirus pandemic crushes fuel demand. Brent crude was up by 12 cents, or 0.4%, to $29.84 per barrel, after falling […]
By Ritu, Capital Sands The euro zone economy will contract by a record 7.7% this year because of the COVID-19 pandemic and inflation will almost disappear while public debt and budget deficits will balloon, the European Commission forecast on Wednesday. “Europe is experiencing an economic shock without precedent since the Great Depression,” European Commissioner for […]
By Administrator_India Capital Sands The United States and Britain launched formal negotiations on a free trade agreement on Tuesday, vowing to work quickly to seal a deal that could counter the massive drag of the coronavirus pandemic on trade flows and the two allies’ economies. The talks, to be conducted virtually, will involve over […]
By Ritu, Capital Sands Indian shares, led by Reliance Industries and HDFC Bank, tracked world markets higher on Tuesday, as the easing of coronavirus lockdowns in some countries spurred hopes of a restart in economic activity. The NSE Nifty 50 index was up 0.93% at 9,379.45 by 0505 GMT, while the S&P BSE Sensex was […]
