China’s central bank injects 900 billion into market

By Administrator_India Capital Sands   The People’s Bank of China (PBOC) conducted repo operations worth 900 billion yuan on Monday. The central bank injected 700 billion yuan seven-day reverse repos at an interest rate of 2.4% and pumped 200 billion yuan through 14-day reverse repos at an interest rate of 2.55%. Even so, the net liquidity addition […]

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 BJP won a bigger majority in a general election in May, […]

UK economy’s post-election rebound strengthens in January: PMI

By  Administrator_India, Capital Sands The British economy’s post-election bounce gained strength in January as services companies enjoyed the strongest influx of new orders since mid-2018, a closely watched survey showed on Wednesday. The IHS Markit/CIPS UK Services Purchasing Managers’ Index rose to 53.9 January, a full point higher than a preliminary reading for the month […]

UK regional productivity gaps as wide as in 1901, no easy fix seen: report

By  Administrator_India, Capital Sands Gaps in economic productivity between London and other regions of the United Kingdom are as wide as they were in 1901 and there is no quick fix to overcome them, a report for the British government said on Tuesday. Prime Minister Boris Johnson has promised to ‘level up’ parts of the […]

Disappointing growth hits Google parent Alphabet shares

By Administrator_India Capital Sands Google parent Alphabet saw disappointing revenue growth in the fourth quarter, sending shares lower even as profits topped most forecasts. Detailing its cloud computing and YouTube revenues for the first time — both of which showed sharp gains — it said profits rose 19 percent from a year ago in the […]

Forex – Yuan Hit Hard as Trading Reopens

By  Administrator_India, Capital Sands The Chinese yuan was hard hit Monday after the reopening of the country’s financial markets, with traders using this opportunity to register their concerns over the outbreak of the deadly coronavirus and the impact this could have on growth in the country. USD/CNY traded at 7.0209, up 1.2%, breaking through the 7.0 level for […]

European shares climb in early trading on Brexit day

By  Administrator_India, Capital Sands   Gains in airlines and mining stocks helped European shares rise in early trading on Friday, on a day the United Kingdom officially ends its 40-year membership of the EU. The pan-European STOXX 600 , which was up 0.3% , was still looking at its second straight weekly decline on concerns […]

Stocks – Europe Falls on Virus Fears; Earning Reports Flow

By  Administrator_India, Capital Sands European stock markets moved sharply lower Thursday, weighed by weakness in Asia as the death toll from the coronavirus continues to mount, and amid reports that the virus has now spread to India. The U.K.’s FTSE index was trading 51 points, or 0.7%, lower, France’s CAC 40 was down 75 points, or 1.3%, while […]

Bank of England rate cut hangs in balance at Carney’s last policy meeting

By Administrator_India Capital Sands The Bank of England appears close to cutting interest rates for the first time in more than three years in Governor Mark Carney’s final policy vote on Thursday, the day before Britain leaves the European Union. The British central bank will assess the economy’s near standstill in late 2019, against early […]

ECB data point to widening split in euro zone economy

By  Administrator_India, Capital Sands Bank lending to euro zone companies dropped to a two-year low last month while household lending expanded to a post-financial-crisis high, suggesting a widening rift in the bloc’s economy, European Central Bank data showed on Wednesday. Many companies in the euro zone are struggling with plunging trade and a manufacturing recession, […]