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Month: June 2020

Economic News Political News 

Dollar Retreats, With Investors Balancing Positive Chinese Data with Ever Increasing COVID-19 Numbers

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By Administrator_India Capital Sands   The dollar retreated on Tuesday morning in Asia, giving up it gains from the last session as investors balance positive trade data with increasing COVID-19 figures. China reported a higher-than-expected manufacturing Purchasing Manager’s Index of 50.9 earlier in the day. Meanwhile, COVID-19 continues its rampage, with over 10.2 million cases as of June 30 according to Johns Hopkins University data. U.S. Federal Reserve Chair Jerome Powell warned on Monday that the outlook for the U.S. economy is “extraordinarily uncertain” and is dependent on the virus being contained…

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University 

Higher Education University Rankings 2020: Capital University, Jharkhand ranks 64th, notches up from 68th position of last year

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New Delhi : CapitalUniversity India has ranked 64th in the 2020 Higher Education University Rankings. Last year, CUJ was 68th and it has moved 04 notches up this year. It is second amongst the Indian Universities. THE’s 2020 University Rankings reveal the best universities under 50 years old, assessing them across teaching, research, international outlook and their work with industry. In fact, the ranking was created using the same methodology as the THE World University Rankings, but the weightings were recalibrated to reflect the missions of younger universities.   Overall, 26 Indian universities appear…

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Business Economic News 

Indian capital readies vast quarantine centre as coronavirus cases mount

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By Administrator_India Capital Sands   Authorities in New Delhi worked to convert a spiritual centre into a huge quarantine facility on Thursday as novel coronavirus cases in the Indian capital overtook the financial hub Mumbai for the first time. Delhi now has 70,390 coronavirus cases, with more than 40,000 detected in the last two weeks. That is more than Mumbai’s 69,528, though the city, long considered one of India’s biggest coronavirus hot spots, has seen a higher rate of deaths. Nationally, a record 16,922 new cases were recorded in the…

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Sensex Nifty Covid-19 Economic News 

Sensex, Nifty fall on dour IMF outlook, virus fears

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By Administrator_India Capital Sands   Indian stocks fell on Thursday after the International Monetary Fund steeply cut its growth outlook for the country and forecast a deeper global recession, with a surge in coronavirus cases also spooking investors. The IMF predicted Indian economy to contract by 4.5% following a longer lockdown period and slower recovery than anticipated in April. It also expects global output to shrink 4.9% this year, much sharper than the 3% contraction predicted in April. Domestic coronavirus virus cases surged over 456,000, while some U.S. states reported…

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Singapore and Hong Kong agree on bilateral travel bubble International 

India says it may allow some foreign flights to resume after U.S. criticism

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By Administrator_India Capital Sands India’s ministry of civil aviation said on Tuesday it was considering allowing some international carrier flights to resume after Washington accused India of “unfair and discriminatory practices.” The Indian ministry said in a statement posted on Twitter that as “we move from controlled and managed aviation evacuation of our citizens in different parts of the world and foreign nationals from India, we are now looking at the possibility of establishing bilateral arrangements.” The U.S. Transportation Department issued an order Monday to require Indian air carriers to…

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Asian Market Economic News 

Asian stocks swing wildly on U.S.-China trade deal mix-up

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By Administrator_India Capital Sands Asian shares see-sawed in a wild ride on Tuesday following confusing statements from the White House over the U.S.-China trade deal, with President Donald Trump later clarifying the pact was “fully intact.” Trump’s tweet bolstered market sentiment, helping e-minis for the S&P 500 swing back to positive territory. Asian shares were quick to turn around too, with MSCI’s broadest index of Asia Pacific shares outside of Japan up 0.7%. Risk sentiment had taken a knock early in the Asian day after White House trade adviser Peter…

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Asian Market Corona Hits US 

Stocks try to shake off second wave virus fears

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By Administrator_India Capital Sands U.S. stock futures erased losses and Asian stocks held flat on Monday, trying to shake off worries that rising coronavirus cases in the United States could scupper a quick economic rebound from the massive downturn triggered by the pandemic. U.S. S&P 500 futures rose 0.4%, having erased early losses of 1.05% while Japan’s Nikkei also eked out gains of 0.1%, similarly recovering from early losses. MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat while mainland Chinese stocks ticked up 0.3% to 3-1/2-month highs. After a…

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Commodity Commodity Broker 

Gold Up Over Rising COVID-19 Cases and U.S.-China Tensions

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By Administrator_India Capital Sands   Gold was up on Friday morning in Asia, amid a rising number of COViD-19 cases in China and the U.S. as well as rising U.S.-China tensions. Beijing reported 25 new COVID-19 cases on Thursday, with the number of cases linked to an outbreak in the Xinfadi market now standing at almost 200. Some U.S. states also reported a spike in cases. Meanwhile, U.S. President Trump also warned on Thursday that cutting ties with China remained a possibility a day after Secretary of State Mike Pompeo…

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Asian Market Economic News 

Global stocks retreat on rising second wave fears

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By Administrator_India Capital Sands   Asian stocks and Wall Street futures fell on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic. S&P 500 mini futures fell 1.2% in early Asian trade while MSCI’s broadest index of Asia-Pacific shares outside Japan lost as much as 1%. Japan’s Nikkei lost 1.3% while in mainland China, bluechip CSI300 shares shed 0.1% in early trade. On Wall Street, the S&P 500 lost 0.36% on Wednesday but tech-heavy Nasdaq added 0.15% due to…

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Commodity Covid-19 

Gold Down Over Record Jump in U.S. Retail Sales Data and Potential COVID-19 Cure

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By Administrator_India Capital Sands   Gold was down on Wednesday morning in Asia, with the yellow metal stemmed by positive U.S. retail sales data and mounting COVID-19 and geopolitical fears. Gold futures fell by 0.13% at $1,734.20. Stocks, which usually move in the opposite direction to gold, were mostly down on Wednesday. The U.S.’ announcement of a record increase in May retail sales on Tuesday led to an investor retreat from gold as hopes of a quick recovery from the economic impact of COVID-19 increased risk appetite and the dollar rose. Meanwhile,…

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