Euro Slides as Weak Q4 Data Take Shape Commodity Broker Forex Analysis Forex Trading with Capital Sands Political News Stock Broker 

Euro Slides as Weak Q4 Data Take Shape

By  Administrator_India, Capital Sands The euro fell in early European trading Friday, weighed by signs of weakness in the region’s two largest economies. EUR/USD traded at $1.1027, down 0.1%, while EUR/GBP fell 0.2% to 0.8398. First up, German retail sales slumped 3.3% in December, a much weaker number than expected, suggesting the country’s shoppers reined in their consumption in the final month of last year. Retail sales are a volatile indicator, but this disappointing number came as a surprise after the GfK sentiment indicator suggested on Wednesday that consumer morale in the euro…

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India’s food ministry seeks over $28 billion for food subsidies: sources

By Administrator_India, Capital Sands India’s food ministry has sought more than 2 trillion rupees ($28.1 billion) to run the world’s biggest food welfare program in the fiscal year beginning April 1 But the government is likely to earmark only around 1.90 trillion rupees “The finance ministry may not be able to allocate more than 1.9 trillion rupees in the budget,” one source – an official – said. Details on the level of subsidy will be made public when Finance Minister Nirmala Sitharaman presents the 2020/21 budget on Saturday. An inadequate…

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Bank of Japan Deputy Governor Masayoshi Amamiya speaks during a Reuters Newsmaker event in Tokyo Commodity Broker Forex Analysis Forex Trading with Capital Sands Political News Stock Broker 

BOJ must be ready to issue digital currencies: deputy governor Amamiya

By  Administrator_India, Capital Sands The Bank of Japan must be ready to issue digital currencies if rapid technical advances in settlement systems boost public demand, its deputy governor said, leaving open the chance of issuing central bank digital currencies (CBDC) in the future. Masayoshi Amamiya said the BOJ had no immediate plans to issue CBDCs as various factors must be scrutinized, such as the impact on monetary policy and measures to ensure strict security standards. But he said it was “very important” for Japan’s central bank to continue examining the…

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BJP recommends tax tweaks to attract foreign investors

By Administrator_India, Capital Sands   Prime Minister Narendra Modi’s party has recommended adjusting rules on taxing equity market returns in the upcoming budget on Feb. 1, which if accepted, could attract more capital inflows into the stock markets, a senior party leader said. Financial market participants have been lobbying for scrapping long term capital gains tax (LTCG) on investment in equity or equity-oriented funds or extending the holding period from the current one year to two years with nil tax. India charges 15% short-term capital gains tax if equity shares…

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House Democrats call for $760 billion in infrastructure spending over five years Forex Analysis Forex Trading with Capital Sands Political News Stock Broker Technical Analysis 

House Democrats call for $760 billion in infrastructure spending over five years

By  Administrator_India, Capital Sands U.S. House Democrats on Wednesday will unveil a proposed $760 billion infrastructure spending bill over five years that aims to rebuild sagging roads and bridges and reduce carbon pollution. The proposal is also intended to get U.S. President Donald Trump to return to the bargaining table. Trump campaigned in 2016 on boosting infrastructure spending by at least $1 billion over a decade but focused first on tax cuts and health care reform after taking office. “America’s infrastructure is in crisis,” Democrats will say, according to a…

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India’s budget likely to raise spending to revive economic growth

By Administrator_India, Capital Sands   Prime Minister Narendra Modi’s government is expected to raise spending on infrastructure and cut some personal tax in its 2020/2021 budget, to spur consumer demand and investment, government sources and economists said. India is facing its worst economic slowdown in a decade. Growth slipped to 4.5% in the July-September quarter, worsening the job prospects for millions of youth entering the workforce each year. Despite cuts in corporate taxes and monetary easing by the central bank, investments have failed to pick up, adding to Modi’s worries…

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Coronavirus infects Asia stocks with exposure to China Commodity Broker Forex Analysis Forex Trading with Capital Sands Political News Stock Broker 

Coronavirus infects Asia stocks with exposure to China

By  Administrator_India, Capital Sands Shares of companies highly exposed to China’s economy tumbled across Asia on Tuesday on rising concern about the impact of global travel bans associated with a new virus outbreak, and even as some stocks involved in preventative health spiked. After the United States and Canada warned against travel to China where the new coronavirus is thought to have originated, Australian stocks resumed trading sharply lower after a public holiday the previous day. The benchmark S&P/ASX 200 index  fell 1.4% weighed by stocks exposed to the illness…

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Oil falls for sixth day as China virus spreads

By Administrator_India, Capital Sands Oil futures slipped on Tuesday, extending losses into a sixth session as the spread of a new virus in China and other countries raised concerns about a hit to economic growth and slower oil demand. Brent crude was down 15 cents, or 0.3%, to $59.17, after touching a three-month low on Monday at $58.50. U.S. West Texas Intermediate was down 12 cents, or 0.2%, at $53.02, after slipping to its lowest since early October in the previous session at $52.13. The United States warned against travel…

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China extends holiday, businesses shut as virus toll rises to 81 Commodity Broker Forex Analysis Forex Trading with Capital Sands Political News Stock Broker 

China extends holiday, businesses shut as virus toll rises to 81

By Administrator_India, Capital Sands The death toll from a coronavirus outbreak in China rose to 81 on Monday, as the government extended the Lunar New Year holiday and more big businesses shut down or told staff to work from home in an effort to curb the spread. Chinese Premier Li Keqiang visited the central city of Wuhan, the epicenter of the outbreak, as the government sought to signal it was responding seriously. But Asian shares tumbled, with Japan’s Nikkei average sliding 2.0%, its biggest one-day fall in five months, as…

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Iraqi security forces kill protester, rockets hit U.S. embassy

By Administrator_India, Capital Sands   Iraqi security forces shot at anti-government protesters in Baghdad on Sunday, killing at least one person, and unidentified men set fire to sit-in tents in a southern Iraqi city, police and medics said, as months-long civil unrest escalated. Separately, at least one of five Katyusha rockets fired at Baghdad’s fortified Green Zone hit the U.S. embassy, wounding three people, in a rare direct targeting of the compound, security sources said. Reuters could not independently verify the rocket attacks. Anti-government protests erupted in Baghdad on Oct.…

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