Covid-19 FED 

Dollar eyes multi-week lows as risk assets rally

By Administrator_India Capital Sands   The dollar nursed losses against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency. Traders in Asia are focused on whether China’s yuan can extend gains against the greenback as investors of all stripes shift funds to increase positions in Chinese stocks. Lingering worries about the spread of the coronavirus could keep some currency pairs in a tight range, but the dollar’s losses are gradually increasing as sentiment favours riskier…

Read More
Covid-19 WHO 

WHO acknowledges ‘evidence emerging’ of airborne spread of COVID-19

By Administrator_India Capital Sands The World Health Organization on Tuesday acknowledged “evidence emerging” of the airborne spread of the novel coronavirus, after a group of scientists urged the global body to update its guidance on how the respiratory disease passes between people. The WHO has previously said the virus that causes the COVID-19 respiratory disease spreads primarily through small droplets expelled from the nose and mouth of an infected person that quickly sink to the ground. But in an open letter to the Geneva-based agency, published on Monday in the…

Read More
India stocks lower at close of trade; Nifty 50 down 1.71% Covid-19 Economic News 

Sensex, Nifty fall on dour IMF outlook, virus fears

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…

Read More
Commodity Covid-19 

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

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,…

Read More
Asian Market Covid-19 

Asian stocks set to fall sharply as Wall Street tumbles

By Administrator_India Capital Sands Asian equities are set to fall sharply on Friday after Wall Street stocks and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of reopening economies. The three major U.S. stock indexes fell more than 5%, posting their worst day since mid-March when markets were sent into freefall by the abrupt economic lockdowns put in place to contain the pandemic. Australian S&P/ASX 200 futures were down 3.04%, while Japan’s Nikkei 225 index closed down 2.82% at 22,472.91​​​​ on Thursday. Hong Kong’s Hang…

Read More
Asian Market Covid-19 

Asian shares creep higher as markets wait for Fed

By Administrator_India Capital Sands Asian stock markets eked out a 10th consecutive session of gains on Wednesday, but momentum ebbed as doubts about the global recovery from the pandemic returned ahead of the U.S. Federal Reserve meeting. The sideways move in equities cap two weeks of stock market gains, turbocharged by Friday’s data showing a completely unexpected rise in U.S. employment last month. Safe havens from gold to the Japanese yen won support as optimism ebbed. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3% and Japan’s Nikkei rose 0.1%. The…

Read More
BOJ Covid-19 

Japan’s household spending falls at record pace as virus stalls economy

By Administrator_India Capital Sands Japan’s household spending fell at the fastest pace on record in April as the coronavirus shut down travel and dining-out in the world’s third-largest economy, and prospects of higher job losses chilled consumer sentiment. The dismal number will keep policymakers under pressure to prevent a larger decline in the economy, which is expected to fall deeper into recession this quarter. Household spending tumbled 11.1% in April from a year earlier, government data showed on Friday, marking the fastest pace of decline since comparable data became available…

Read More
Asia stocks extend rally as economic recovery hopes boost confidence Asian Market Covid-19 

Asian shares hit two-month high as economic optimism spreads

By Administrator_India Capital Sands   Asian shares rose to a two-month high on Thursday as government stimulus expectations supported investor confidence in economic recovery from the global coronavirus pandemic. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4%, earlier touching the highest since March 9. Shares in Australia rose 0.66% after the country’s prime minister unveiled a fourth stimulus package to repair the economy. Chinese shares were little changed due to lingering worries about diplomatic tension between the United States and China, while U.S. stock futures fell 0.23%. The…

Read More
Asian Market Covid-19 

Asian stocks jump to 3-month high as recovery hopes outweigh looming risks

By Administrator_India Capital Sands Asian shares vaulted to a nearly three-month high on Wednesday as hopes of more stimulus and a further easing in social restrictions around the world outweighed caution over a host of worries from the coronavirus to growing U.S. civil unrest. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1.3%, extending its rally into a fifth straight day to reach a level last seen on March 9. Japan’s Nikkei rose 1.2% to its highest level since late February, while mainland China’s CSI300 rose 0.4% to break above…

Read More
Asian Market Covid-19 

Asian stocks slip as markets await Trump’s Hong Kong response

By Administrator_India Capital Sands Asia’s stock markets pulled back and major currencies were held in check on Friday, as investors await the U.S. response to China tightening control over the city of Hong Kong. China’s parliament on Thursday pressed ahead with national security legislation for the city, raising fears over the future of its democratic freedoms and function as a finance hub. U.S. President Donald Trump, who has vowed a tough response, said he will hold a news conference on China later on Friday. Trepidation about a further deterioration in…

Read More