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Month: March 2020

Indian bonds rally on new foreign investment category Best ECN broker in India Best MT5 Broker Commodity Broker Forex Analysis 

Indian bonds rally on new foreign investment category

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By Ritu, Capital Sands Indian bonds rallied on Tuesday after the Reserve Bank of India (RBI) announced a new category for foreign investors, while hopes of a reduction in April’s borrowing or cancellation ahead of the first-half borrowing plan aided sentiment. The RBI said on Monday it was introducing a new category called the “fully accessible route” for foreign investors, in line with the budget announcement earlier this year. Investors can buy all fresh issuance of 5-, 10- and 30-year bonds starting April 1 under this category, while five existing…

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Asian Stocks Rise on The Back of Better-Than-Expected Chinese PMI Figures

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By Administrator_India Capital Sands Asian stock markets made modest gains as China announced a higher-than-expected Purchasing Manager’s Index data. China’s Shanghai Composite gained 0.41%, while Shenzhen Component was up 1.26% after data showed the country’s March manufacturing PMI came in at 52.0, compared with the record low of 35.7 last month. Analysts had expected a PMI of 45, according to the data compiled. The country also reported a non-manufacturing PMI of 52.3, almost double last month’s 29.6. Hong Kong’s Hang Seng Index was up by 2.24%. Meanwhile, Japan’s Nikkei 225 rose 0.69%, while neighboring South Korea’s KOSPI gained 1.8%. Down Under,…

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Oil plunges to 2002 lows, shares sink again Best ECN broker in India Commodity Broker Forex Analysis Forex Trading with Capital Sands Stock Broker 

Oil plunges to 2002 lows, shares sink again

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By Administrator_India Capital Sands Oil took another eyewatering 8% tumble on Monday and world shares buckled again as fears mounted that the global coronavirus shutdown could last for months. There were some bright spots, with Australian equities posting a standout jump as the government launched a super-sized support programme, but that was about it. Japan’s Nikkei had led the rest of Asia lower and Europe’s main markets slumped by 1.5-2.5% in early trade, adding to what has already been the region’s worst quarter since 1987. The rout in oil took crude…

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Crude oil futures drop as pandemic darkens demand outlook

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By Administrator_India Capital Sands Crude oil benchmarks fell sharply on Monday, with Brent hitting its lowest since November 2002, as the global coronavirus pandemic worsened and the Saudi Arabia-Russia price war showed no signs of abating. Brent futures were down 6.7%, or $1.68, to $23.25 a barrel, after earlier dropping to $23.03, the lowest since November 2002. U.S. West Texas Intermediate (WTI) crude futures fell as far as $19.92, near an 18-year low hit earlier this month, and was last trading down 5.4%, or $1.17, at $20.34 a barrel. The…

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Europe Slips After Recent Gains as Virus Cases Mount Best ECN broker in India Commodity Broker Forex Analysis Forex Trading with Capital Sands Stock Broker 

Europe Slips After Recent Gains as Virus Cases Mount

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By Administrator_India Capital Sands European stock markets traded lower Friday, with investors taking stock after recent hefty gains and as the coronavirus pandemic continues to reap damage throughout the region. At 04:10 ET (0510 GMT), the U.K.’s FTSE index was trading 3.9% lower, France’s CAC 40 was down 3.0%, while the DAX fell 1.9%. The broader based Stoxx 600 Europe index dropped 2.5%. The benchmark Stoxx 600 index has recovered almost 17% since hitting a low on March 16, but still remains more than 26% below its all-time high last month. The number of Covid-19 infections have continued…

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End-of-week Gains for Asian Stocks

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By Administrator_India Capital Sands Asian stock markets were up on the last trading day of the week despite drops in Chinese industrial profits and a huge rise in U.S. jobless claims. China’s National Bureau of Statistics reported that industrial profits for January and February dropped 38.3% year on year, compared to a 6.3% drop in December 2019. The steepest drop in a decade was due to lockdowns to curb the spread of COVID-19. Despite the news, China’s Shanghai Composite was up 0.8%, while the Shenzhen Component was up 0.97%. Hong Kong’s Hang Seng…

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Euro Benefits From Talk of 'Corona' Bonds Best ECN broker in India Best MT5 Broker Commodity Broker Forex Trading with Capital Sands Stock Broker 

Euro Benefits From Talk of ‘Corona’ Bonds

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By Administrator_India Capital Sands The euro has posted gains Thursday amid talk of a new debt instrument to combat the coronavirus outbreak as the death toll rises and the economic damage becomes more stark. At 4:10 ET (0810 GMT), EUR/USD traded at 1.0938, up 0.5%. Elsewhere, the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.580, down 0.4%.  USD/JPY fell 0.7% to 110.44, while GBP/USD traded at 1.1950, up 0.5%. Europe has become the fiercest battleground in the war against the Covid-19 outbreak, with well over 180,000 cases confirmed.…

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Stocks run out of steam on U.S. job jitters, yen gains

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By Administrator_India Capital Sands A two-day equities rally lost momentum on Thursday, and investors sold riskier currencies, as stimulus negotiations dragged on in Washington and investors fretted over a likely spike in U.S. jobless claims. MSCI’s broadest index of Asia-Pacific shares outside Japan wobbled either side of flat. Japan’s Nikkei slumped 4% and U.S. stock futures fell 1%. The dollar climbed around 1% against the Australian and New Zealand dollars and the yen rose 0.4% against the dollar as investors sought shelter. U.S. Federal Reserve Chairman Jerome Powell is also due to…

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Stocks - Europe Pushes Higher on Stimulus Agreement Best ECN broker in India Best MT5 Broker Forex Trading with Capital Sands Stock Broker 

Stocks – Europe Pushes Higher on Stimulus Agreement

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By Administrator_India Capital Sands European stock markets pushed firmly higher Wednesday, with investors breathing a sign of relief that U.S. policymakers have managed to come together to deliver a massive rescue package to bolster the country’s beleaguered economy. At 03:50 ET (0850 GMT), the U.K.’s FTSE index was trading 4.2% higher, France’s CAC 40 was up 3.9%, while the DAX rose 3.0%.The broader based Stoxx 600 Europe index climbed 5%. U.S. lawmakers in a divided Congress have finally reached agreement on an estimated $2 trillion stimulus package aimed at shielding the U.S. economy from the worst consequences of…

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Two more NYSE floor traders test positive for coronavirus: memo

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By Administrator_India Capital Sands At least two more New York Stock Exchange floor traders tested positive for the coronavirus on Tuesday despite measures taken to prevent people infected by the virus from entering the exchange while it remained physically open last week. Given the possibility of exposure, and consistent with local, state, and federal government guidance, we recommend that all those who worked on the NYSE Trading Floor over the last 14 days should self-quarantine until a two-week symptom-free period has elapsed,” Intercontinental Exchange Inc (N:ICE)-owned NYSE said in a…

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