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Stocks – DAX Hits New Record High as Virus Fears Fade in China
By Administrator_India, Capital Sands Germany’s DAX index posted a record high shortly after the start of trading Wednesday, helped by the improved sentiment emerging from Asia regarding the new pneumonia-like virus in China. At 03:30 AM ET (0830 GMT), the benchmark index traded 0.5% higher at 13,627.38, just off the new high of 13,637.60. This breached the […]
Stocks – S&P Falls as U.S Coronavirus Scare Sours Sentiment
By Administrator, Capital Sands The S&P ended in the red Tuesday as selling hit Wall Street following news that the deadly coronavirus had reached the U.S. The S&P 500 lost 0.27%, while the Nasdaq Composite fell 0.19% and the Dow Jones Industrial Average lost 0.52%. The U.S. Centers for Disease Control and Prevention announced the first case of the coronavirus in […]
New Indian law to protect foreign investors to exclude tax demands – documents
By Ritu, Capital Sands New legislation will improve protection for foreign investors in India by offering relief from possible policy changes but will uphold the state’s right to tax them, according to its draft and government documents seen by Reuters. The bill also attempts to upgrade India’s investment climate and boost foreign investment by setting […]
China repeats call on Canada to release Huawei CFO Meng
By Ritu, Capital Sands China repeated its call on Monday for Canada to release detained Huawei Technologies Chief Financial Officer Meng Wanzhou as soon as possible, ahead of the executive’s first extradition hearing later in the day. “The resolve of the Chinese government to protect Chinese citizens’ proper legal rights is firm and unwavering,” foreign […]
Asia shares camp on high ground, oil jumps on Libya shutdown
By Ritu, Capital Sands Asian shares neared a 20-month top on Monday as Wall Street extended its run of record peaks on solid U.S. economic data and lashes of liquidity from the Federal Reserve. Oil prices jumped as oilfields in southwest Libya began shutting down after forces loyal to Khalifa Haftar closed a pipeline, potentially […]
European shares at record high as cross-Atlantic trade tensions abate
By Ritu, Capital Sands European shares touched a record high on Friday after EU Trade Commissioner Phil Hogan struck a positive tone on talks with Washington, soothing some concerns over a possible escalation in trade tensions between the cross-Atlantic allies. The pan STOXX 600 index rose as much as 0.8% to a record high of […]
GBP/USD: Probes five-week-old falling trendline near 1.3080
By Ritu, Capital Sands GBP/USD stays positive around a one-week high while taking the bids to 1.3080 during the Asian session on Friday. The pair confronts a short-term key resistance trend line following its U-turn from a multi-month-old rising support line. The GBP/USD pair is holding on to daily gains around 1.3070, positive in […]
Gold Prices Slips on U.S.-China Deal
By Ritu, Capital Sands Gold prices slipped on Thursday in Asia after the U.S. and China signed a historic trade deal. Gold Futures slipped 0.1% to $1,552.15 by 1:30 AM ET (05:30 GMT). Tensions remained however, as Washington decided to keep duties on some $360 billion of Chinese goods. Some analysts also pointed out that the […]