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Employment-creating sectors bear brunt of slowdown : Q1 GDP data

Economic News
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By Administrator_India Capital Sands The April-June quarter GDP data, released on Monday, showed the deepest damage in the employment-creating sectors, like construction and manufacturing. This comes at a time the Centre and the Finance Ministry are talking about green shoots in the economy. According to the data released by the National Statistical Office, the construction […]

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Dollar Inches Down, Yen Edges Up as PM Contest Takes Shape

Covid-19
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By Administrator_India Capital Sands   The dollar inched down on Monday morning in Asia, giving up some earlier gains, with investors still digesting U.S. Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole symposium the previous Thursday. Powell’s speech unveiled the Fed’s new approach to inflation, which has been interpreted to mean low rates […]

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Gold Heads for Third Weekly Decline as Powell’s Speech Assessed

Commodity price
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By Administrator_India Capital Sands   Gold headed for a third weekly drop as investors weighed the impact of the Federal Reserve’s new approach to setting U.S. monetary policy, with a more relaxed stance on inflation. Chair Jerome Powell said that the Fed will seek inflation that averages 2% over time, a step that implies allowing […]

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Slow pace of pay growth adds to hurdles in way of India’s economic recovery

Economy
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By Administrator_India Capital Sands   Joblessness may be easing in India as the economy gradually reopens from the world’s biggest lockdown, but wage growth remains subdued — dashing hopes of a recovery in the consumption-driven economy. Wage bills of companies increased by just 2.9 per cent in the three months to June from a year […]

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Republicans make their case for Donald Trump as party begins Day 2 of convention

World
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By Administrator_India Capital Sands Republicans pressed their case on Tuesday for U.S. President Donald Trump’s re-election over Democrat Joe Biden, arguing as their convention opened for a second day that Trump’s leadership was vital to the country’s economic and political future. First lady Melania Trump and U.S. Secretary of State Mike Pompeo will highlight the […]

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Biden’s loose lips could sink his chances

Technical Analysis
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By Administrator_India Capital Sands Few stories bring that reality into sharper focus than Simon Romero’s report in Monday’s Times on New Mexico’s neck-and-neck congressional race between first-term Democratic incumbent, Rep. Xochitl Torres Small, and Yvette Herrell, her Republican challenger. New Mexico has trended Democratic in recent years, and a June poll had Biden with a […]

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Asian Stocks Edge Higher, With Cautious Optimism Over COVID-19 Treatment

Euro Prices
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By Administrator_India Capital Sands   Asian stocks were up on Monday morning, with cautious optimism over a new potential COVID-19 treatment using blood plasma from recovered patients helping stocks start the week on a high note. The U.S. Food and Drugs Administrations (FDA) on Sunday said that it had issued “emergency use approval’ for the […]

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Oil Holds Weekly Gain as Gloomy Economic Signals Damp Rebound

Commodity price
133 views 3 mins

By Administrator_India Capital Sands   Oil clung onto its third week of gains, despite a retreat since mid-week on gloomy economic signals in the U.S. and a cautious tone from the Federal Reserve and OPEC+ producers. Futures in New York were little changed, after falling 0.7% on Thursday. Applications for U.S. unemployment benefits unexpectedly increased […]