By Administrator_India Capital Sands Asian stocks stepped back on Wednesday after two sessions of sharp gains as investors turned wary on getting too optimistic about the coronavirus while death tolls were still mounting across the globe. Not helping sentiment was wild volatility in the oil market, where prices rebounded in early Asia after sliding on […]

By Administrator_India Capital Sands Asian stock markets continued their gains on Tuesday as falling COVID-19 numbers improved investor sentiment. The United States, Italy and Spain reported declining case figures over the weekend. The ASX 200 slipped 0.5%, flattening its earlier gains by 10:23 PM ET (3:23 AM GMT). The Reserve Bank of Australia is set to announce its interest rate decision later in the day. Analysts are […]

By Ritu, Capital Sands India’s dominant services sector, the lifeblood for economic growth and jobs, contracted in March as new business and export demand fell sharply as the coronavirus pandemic wreaked havoc globally, a private survey showed. Prime Minister Narendra Modi ordered India’s 1.3 billion people to stay home and shut shops and business selling […]

By Ritu, Capital Sands The United States economy will shrink 5.5% in 2020, the steepest drop since 1946, with a huge 38% contraction predicted for the second quarter, Morgan Stanley said on Friday in a new batch of forecasts on the economic damage from the coronavirus outbreak. The U.S. bank said it had cut its […]

By Ritu, Capital Sands India’s real estate market is likely to see a significant price correction for the first time in a decade as the coronavirus pandemic stalls businesses across the country, according to a half-dozen industry insiders. “Property prices may come down by 10-20% across geographies, while land prices could see an even higher […]