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Read MoreBy Administrator_India Capitals Sands Commodity currencies slipped against their safe-haven rivals such as the dollar and yen on Monday as a record output cut agreed by OPEC and other oil-producing nations failed to offset broader concerns about slumping global demand. The greenback drifted higher against its Australian and New Zealand counterparts, widely seen as barometers for market risk, in a sign investors remain concerned about the consumption outlook for commodities. Financial markets remain on edge over the spread of the novel coronavirus as severe restrictions on personal movement drag the…
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Best ECN broker in India Best MT5 Broker Commodity Broker Forex Analysis Forex Trading with Capital Sands By Ritu, Capital Sands India accounts for more than half the tally of those infected with coronavirus across south Asia, which crossed 12,000 on Friday, government data showed, despite a harsh weeks-long clampdown to control the outbreak. India’s capital of Delhi, and its financial hub of Mumbai, have emerged as hotspots and local officials are urging Prime Minister Narendra Modi to extend a 21-day nationwide lockdown beyond its expiry date of Tuesday. India’s vast shutdown of 1.3 billion people has left millions out of work and forced an exodus of…
Read MoreBy Administrator_India Capital Sands Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt. JPMorgan Chase & Co, Wells Fargo & Co, Bank of America Corp and Citigroup Inc are each in the process of setting up independent companies to own oil and gas assets. The banks are also looking to hire executives with relevant expertise to manage them. The banks did not provide comment…
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Best ECN broker in India Best MT5 Broker Commodity Broker Forex Analysis Forex Trading with Capital Sands By Ritu, Capital Sands A decision by the Supreme Court of India to make testing for coronavirus free places an unfair financial burden on medical firms and could see a reduction in testing, already among the world’s lowest, said business leaders and health experts. The concern is that private medical firms, like many businesses in India are struggling financially, and could go under if they tested for free without financial assistance. Kiran Mazumdar Shaw, executive chairperson of Biocon Limited, one of India’s biggest biotech firms, said private institutions could not…
Read MoreBy Administrator_India Capital Sands Gold prices in Asia were down in Asia on Thursday morning despite the continuing economic uncertainty caused by the COVID-19 virus. The yellow metal could not hold onto its steady gains from the previous session as gold futures dropped by 0.11% at $1,82.45. For the third day in a row, prices for the yellow metal were in sync with stocks. The two prices usually move in the opposite direction. Asian stocks were mixed as investors await the release of U.S. jobless data later in the day. Gold prices gained earlier in the day in anticipation of…
Read MoreBy Administrator_India Capital Sands The Chinese city where the coronavirus epidemic first broke out, Wuhan, ended a two-month lockdown on Wednesday, allowing people to leave the city, if they were healthy, amid concerns of a second wave of infections as cases in mainland China rose. China sealed off the city of 11 million people in late January to stop the spread of the flu-like virus to other parts of the country. Over 50,000 people in Wuhan caught the virus, and more than 2,500 of them died, according to official figures.…
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Best ECN broker in India Best MT5 Broker Commodity Broker Forex Analysis Forex Trading with Capital Sands By Ritu, Capital Sands Investor morale in the euro zone fell to an all-time low in April and the bloc’s economy is in deep recession due to the coronavirus, which is “holding the world economy in a stranglehold”, a survey showed on Monday. Sentix’s index for the euro zone fell to -42.9 from -17.1 in March. The Reuters consensus forecast was for a fall to -30.3. The force of recession was much stronger in April than in March, said Sentix managing director Patrick Hussy. “The situation is … much worse…
Read MoreBy Administrator_India Capital Sands India will pull out of a three-week lockdown in phases, Prime Minister Narendra Modi said on Thursday, as officials battle to contain the country’s biggest cluster of coronavirus infections in the capital, New Delhi. The shutdown, which has brought Asia’s third-largest economy to a shuddering halt, had been due to end on April 14. Modi ordered India’s 1.3 billion people indoors to avert a massive outbreak of coronavirus infections, but the world’s biggest shutdown has left millions without jobs and forced migrant workers to flee to…
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Best ECN broker in India Best MT5 Broker Commodity Broker Forex Analysis Forex Trading with Capital Sands By Ritu, Capital Sands India reported its biggest single day increase in coronavirus cases as officials on Thursday raced to track down some 9,000 people exposed to the country’s biggest infection cluster during a Muslim missionary group’s gathering in the capital last month. Prime Minister Narendra Modi has placed the world’s second most populous nation under a three-week lockdown until mid-April, and so far the number of coronavirus cases lags hard hit countries like the United States, Italy and Spain. As of Wednesday 50 people had died, but there are…
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