Economic News 

Asia shares bounce as mood shifts, sentiment fickle

By Administrator_India Capital Sands Asian shares were enjoying a relief rally on Monday as record highs on Wall Street and policy easing in China helped calm some of the recent jitters on global growth, though plenty of potential pitfalls lay ahead this week. In the United States, inflation data could provide a scare ahead of testimony by Federal Reserve Chair Jerome Powell on Wednesday and Thursday, where markets will be hypersensitive to any talk of early tapering. The earnings season also kicks off with JP Morgan, Goldman, Citigroup, and Wells…

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Stock Market 

Asia shares left listless by mixed China data

By Administrator_ India Capital Sands Asian share markets turned mixed on Monday as data on Chinese retail sales missed expectations though industrial output stayed solid, while more evidence of global inflation pressures helped gold to a three-month peak. Chinese retail sales rose 17.7% in April a year ago, short of forecasts for a jump of 24.8%, while industrial output matched expectations with a rise of 9.8%. The spread of the coronavirus was also a hindrance with Singapore shutting most schools from Wednesday after reporting the highest number of local infections…

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Dollar holds weak bias on expectations Powell will shun tapering Forex Analysis 

Dollar Down, U.S.-China Tensions Rise

By Administrator_ India Capital Sands The U.S. Dollar Index, which tracks the greenback against a basket of other currencies, edged down 0.11% to 92.942 by 10:31 AM ET (2:31 AM GMT). On the COVID-19 front, the U.S., Russia and France all set new records for the number of daily COVID-19 cases. There are over 43.4 million cases globally as of Oct. 27, according to Johns Hopkins University data. Some investors were wary of the dollar’s prospects ahead of the Nov. 3 U.S. presidential election. Some investors view a Biden victory, especially…

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Biden admin likely to provide US citizenship to over 500,000 Indians U.S. 

Senate report reveals US presidential candidate Joe Biden’s son Hunter’s business dealings with Chinese companies

By Administrator_India Capital Sands In a major trouble for US presidential candidate Joe Biden, Senate Republicans on Wednesday (September 23) released a report detailing the business dealings that Biden’s son Hunter Biden pursued with foreign nationals when Biden was serving as vice president of the US. The 87-page interim report mentioned that Hunter Biden and Devon Archer engaged in numerous financial transactions with Chinese nationals who had strong connections with the Chinese government. These Chinese nationals included Ye Jianming, founder of CEFC China Energy Co. Ltd (CEFC) and chairman of…

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Economic News 

China Lets Traders Push Yuan Toward Best Quarter on Record

By Administrator_India Capital Sands The yuan has strengthened 4.2% since the end of June to 6.772 per dollar, set for the biggest ever quarterly gain in Bloomberg data going back to 1981. The currency is the best performer in Asia in the third quarter, with the buying momentum being close to the strongest since January. The yuan is being supported by a slump in the dollar, while Chinese media has been attributing the gains to the nation’s economic recovery. The central bank has also helped by not standing in its…

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Business Economic News 

Asia shares move ahead led by China gains

By Administrator_India Capital Sands   Asian shares firmed toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated U.S. Treasuries would extend and maybe take some pressure off the beleaguered dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.5% to 565.74, moving nearer to the January top of 574.52. Chinese blue chips led the way with gains of 2.0%, with the country’s central bank providing more medium term loans to the financial system. Japan’s Nikkei dipped 0.6% after touching a…

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