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Australian state tightens restrictions as coronavirus clusters grow

Covid-19
123 views 2 mins

By Administrator_India Capital Sands   Restrictions were reintroduced in Australia’s most populous state of New South Wales on Friday as authorities battle to control fresh coronavirus clusters that have emerged in Sydney over the last several days. Group bookings at restaurants, cafes and clubs will be limited to 10 people and patrons inside a venue […]

FEATURE

Gold Up at Near Nine-Year Record High Over Continued Market Uncertainty

Covid-19
126 views 39 secs

By Administrator_India Capital Sands   Gold climbed close to a nine year high on Thursday morning in Asia, with sluggish economic recovery and rising political tensions between the U.S. and China driving investors to the safe-haven asset. Gold futures were up by 0.15% to $1,867.85, not far below its record high of $1,920.70 in 2011. Stocks, which usually move […]

FEATURE

Dollar licks wounds as investors fret over U.S. stimulus

FED
116 views 2 mins

By Administrator_India Capital Sands   The dollar nursed losses against most currencies, undermined by concern that Republicans and Democrats are struggling to reach consensus on the next round of U.S. economic stimulus measures. The euro traded near its strongest level in more than a year on Wednesday after European leaders agreed a stimulus plan to […]

FEATURE

Asian shares extend gains as investors count on stimulus, vaccines

Covid-19
141 views 3 mins

By Administrator_India Capital Sands   Asian shares advanced on Tuesday as prospects of a deal by European Union leaders to jointly fund recovery of their economies and hopes for a coronavirus vaccine lifted risk appetite. Japan’s Nikkei rose 0.6% while MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1.5% to edge near its four-month peak […]

FEATURE

Oil eases amid rising coronavirus cases worldwide

Commodity price
128 views 2 mins

By Administrator_India Capital Sands   Oil prices fell on Monday, unnerved by the prospect that a recovery in fuel demand could be derailed by a rise in the pace of coronavirus infections around the world. Brent crude was down 25 cents, or 0.6%, at $42.89 a barrel, after dropping slightly last week. U.S. oil was […]

FEATURE

Gold Down Over New COVID-19 Vaccine Hopes, Continued Stimulus in Europe

Commodity price
128 views 47 secs

By Administrator_India Capital Sands   Gold was down on Friday morning in Asia over new hopes for COVID-19 vaccines coming out of both the U.S. and U.K., and the European Central Bank (ECB) signalling that it may leave interest rates and stimulus unchanged in the near future. Gold futures were down by 0.12% to $1,798.15, retreating […]

FEATURE

Oil Down With OPEC+ Signalling Production Cuts, While U.S.-China Tensions Rise

Business
145 views 42 secs

By Administrator_India Capital Sands   Oil was down on Thursday morning in Asia as OPEC announced the easing of production cuts after its Joint Ministerial Monitoring Committee meeting on Wednesday. Starting in August, the group will cut production by 7.7 million barrels per day, compared to the current 9.7 million bpd cut currently in place.” […]

FEATURE

Oil Up Over Draw in API Crude Oil Inventories

Commodity price
132 views 51 secs

By Administrator_India Capital Sands   Oil rose on Wednesday morning in Asia, with investor sentiment improved after the U.S. reported a significant drop in crude oil inventories. The American Petroleum Institute (API) estimated an 8.322 million-barrel draw for the week ended July 10. The draw was bigger than analyst forecasts of a 2.1 million-barrel draw and reversed […]