Asian Market Corona Hits US 

Stocks try to shake off second wave virus fears

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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Corona Hits US Covid-19 

Dollar Down Amid Rising U.S.-China Tensions

By Administrator_India Capital Sands The dollar was down on Monday morning in Asia, giving up some of its gains on Friday. U.S.-China tensions rose over the weekend after White House trade advisor Peter Navarro suggested in a “This Week” interview that Beijing sent “hundreds of thousands of Chinese on aircraft to Milan, New York and around the world” to spread the virus after hiding it from the world for two months. Meanwhile, U.S. Federal Reserve Chair Jerome Powell said in a separate interview that the U.S. economy could shrink up to 30% in the second quarter but will avoid a second Great Depression in…

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Asian Market Corona Hits US 

Dollar eases on defiant economic hopes, negative rates spectre

By Administrator_India Capital Sands The dollar slipped on Friday as investors defied a broader sense of doom around upcoming U.S. employment data and found reasons to buy riskier currencies with more governments slowly reopening their economies for business. The greenback was undermined by a further hit to its yield attraction as U.S. money markets priced in a small chance of negative interest rates next year. The dollar’s index against a basket of six other major currencies slipped to 99.829 from Thursday’s high of 100.40. The euro edged back to $1.0835…

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Putin Won’t Submit to What Is Seen as Saudi Oil-Price Blackmail Business Corona Hits US 

Trump says up to 100,000 Americans may die from coronavirus

By Administrator_India Capital Sands U.S. President Donald Trump said on Sunday he now believes as many as 100,000 Americans could die in the coronavirus pandemic, after the death toll passed his earlier estimates, but said he was confident a vaccine would be developed by the year’s end. Trump alternated during a two-hour virtual town hall broadcast by FOX News between forecasting a rapid recovery for the U.S. economy and casting blame for the pandemic’s spread on China, where the disease is believed to have originated. The COVID-19 illness, caused by…

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Corona Hits US Japan Exports Slump 

Japan exports slump as coronavirus hits U.S., Chinese demand

By Administrator_India Capital Sands Japan’s exports slumped the most in nearly four years in March as U.S.-bound shipments, including cars, fell at the fastest rate since 2011, highlighting the damage the coronavirus pandemic is inflicting on global demand and trade. Monday’s bleak data underscored the challenges Prime Minister Shinzo Abe’s government faces in dealing with a collapse in an activity that is expected to send the global economy into its deepest slump since the Great Depression of the 1930s. After a jump in virus cases, Abe expanded a state of…

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