Economic News Political News 

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

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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Covid-19 Political News 

U.S. coronavirus cases top 1.5 million, infections rise in some southern states

By Administrator_India Capital Sands   The number of COVID-19 cases in the United States exceeded 1.5 million on Monday, as total deaths caused by the new coronavirus approached 90,000. Most U.S. states reported a drop in new cases of the respiratory illness for the week ended May 17, with only 13 states seeing a rise in infections compared to the previous week, a separate Analyst analysis found. Tennessee had the biggest weekly increase with 33%. Louisiana’s new cases rose 25%, and Texas reported 22% more cases than in the first…

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Fed's Powell calls Political News 

In nod to grim U.S. outlook, Fed’s Powell calls for more fiscal support

By Administrator_Inida Capital Sands The head of the Federal Reserve warned on Wednesday of an “extended period” of weak economic growth, vowed to use the U.S. central bank’s power as needed, and called for additional fiscal spending to stem the fallout from the coronavirus pandemic. Fed Chair Jerome Powell issued his sober review of an economy slammed by a record pace of job losses and bracing for worse ahead as most U.S. states moved toward reopening after weeks of shutdowns aimed at slowing the spread of the novel coronavirus. The…

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Covid-19 Political News 

India presidential palace isolates 500 over virus scare, Pakistan’s Khan to be tested

By Administrator_India Capital Sands About 500 people entered self-isolation in staff quarters of India’s presidential palace on Tuesday, and Pakistan’s prime minister was due to be tested, as the coronavirus spreading through South Asia hit the heart of the region’s governments. Afghan President Ashraf Ghani and his wife tested negative for the coronavirus, his spokesman said, after at least 20 palace officials were infected last week. In Pakistan, Prime Minister Imran Khan will undergo testing after it was confirmed that the head of the country’s biggest charity organization, Faisal Edhi,…

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European diplomats check India’s loosening of Kashmir clampdown

By Administrator_India, Capital Sands More than two dozen diplomats are visiting Indian-administered Kashmir, New Delhi said on Wednesday, as the country tries to reassure foreign allies following several months of unrest in the contested territory. The group includes European diplomats, some of whom declined a previous invitation from New Delhi to visit the region. A proposed vote in the European Union parliament next month could chastise India for its actions in Kashmir. The Muslim-majority Himalayan region is claimed by India and arch-rival Pakistan and has been in turmoil since New…

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Euro zone economy shrinks at record rate, inflation slows sharply Commodity Broker Forex Analysis Forex Trading with Capital Sands Political News Stock Broker 

Euro-Area Industrial Output Slumps Most in Almost Four Years

By Ritu, Capital Sands A deep slump in euro-area industrial output at the end of last year highlights the scale of the challenge the sector will face in 2020. The 2.1% drop — the steepest in almost four years — will raise doubts about a meaningful rebound in momentum. The economy barely expanded in the fourth quarter and the outlook at the start of the year has been dented by the coronavirus. While some risks to the outlook diminished after the U.S. and China agreed a trade deal and the U.K. left…

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Gold Climbs After WHO Chief’s Stark ‘Tip of the Iceberg’ Warning Commodity Broker Forex Analysis Forex Trading with Capital Sands Political News Stock Broker 

Gold Climbs After WHO Chief’s Stark ‘Tip of the Iceberg’ Warning

By Ritu, Capital Sands Gold climbed for a fourth day as investors weighed the unfolding coronavirus crisis, including a stark warning from the head of the World Health Organization about the potential for more cases beyond China and signs the disease is spreading in the key Asian trading hub of Singapore. Prices rose as the death toll from the outbreak topped 900 and WHO Director-General Tedros Adhanom Ghebreyesus voiced concern over the spread from people with no travel history to China, saying “we may only be seeing the tip of…

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Gold steady as shares lose ground on fears of virus impact on growth Commodity Broker Forex Analysis Forex Trading with Capital Sands Political News Stock Broker 

Gold steady as shares lose ground on fears of virus impact on growth

By  Administrator_India, Capital Sands Gold prices were steady on Friday after two days of gains as share markets lost ground, with the coronavirus that originated in Wuhan, China, showing no signs of slowing down, escalating fears of a broader impact on economic growth. The metal, however, was still on track for its biggest weekly decline in three months as strong U.S. economic data, including a drop in unemployment benefits, continued to underpin the greenback. Investors now await the non-farm payrolls data, a key barometer of the U.S. economy, due later…

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India’s divisive protests could help Modi’s BJP in Delhi election test

By Administrator_India, Capital Sands Indian Prime Minister Narendra Modi and his party this week face their first electoral test since deadly anti-government protests erupted nearly two months ago, with the divisive turmoil likely to win them votes at polls in the capital.Modi’s Hindu-nationalist Bharatiya Janata Party (BJP) won a bigger majority in a general election in May, but it has lost a string of state elections since then. The protests, in which at least 25 people have been killed, erupted across the country in mid-December, after the BJP passed a…

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China to halve tariffs on some U.S. imports as virus risks grow Commodity Broker Forex Analysis Forex Trading with Capital Sands Political News Stock Broker 

China to halve tariffs on some U.S. imports as virus risks grow

By  Administrator_India, Capital Sands China on Thursday said it would halve additional tariffs levied against 1,717 U.S. goods last year, following the signing of a Phase 1 deal that brought a truce to a bruising trade war between the world’s two largest economies. While the announcement reciprocates the U.S. commitment under the deal, it is also seen by analysts as a move by Beijing to boost confidence amid a virus outbreak that has disrupted businesses and hit investor sentiment. Casting doubts over the immediate outlook, however, was the prospect raised…

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