By Ritu, Capital Sands The dollar started the new year where it left the old one, under pressure as investors wagered U.S. economic out performance could be coming to an end as optimism on trade brightens the outlook for growth globally. Signs of progress in the Sino-U.S. trade dispute undermined the dollar for much of […]
By Ritu, Capital Sands European shares looked set to end the decade with a whimper on Tuesday as investors locked in gains after a record rally that was fueled by optimism around trade and easing fears of a global recession. In a shortened session ahead of the New Year’s Eve celebrations, the pan-European STOXX 600 […]
By Ritu, Capital Sands The Chinese yuan hit almost five-month highs and the USD continued to retreat on the last day of the year in Asia. The U.S. dollar index was down 0.06% to 96.69 by 8:45 PM ET, continuing a multi-day slide. The People’s Bank of China (PBOC) set the reference rate for the yuan at 6.9762, […]
By Ritu, Capital Sands Oil prices rose more than 20% this year but there were no sharp spikes and crude futures barely sniffed $70 a barrel despite attacks on the world’s biggest oil producer, sanctions that crippled crude exports of two OPEC members and gigantic supply cuts from big oil producing countries. The price gains […]
By Ritu, Capital Sands The dollar was on the defensive on Monday in light year-end trading after suffering a setback the previous session, as hopes of a U.S.-China trade deal lifted investors’ risk appetite, sapping safe-haven demand for the greenback. The dollar index was stable at 96.942 against six major currencies after sliding 0.6% on Friday for […]
By Ritu, Capital Sands Oil prices rose on Friday, hitting three-month highs after data showed record online spending by U.S. consumers, stoking faith in the world’s no. 1 economy even before the hoped-for end to the trade war between Washington and Beijing. Brent crude futures were up 6 cents, or 0.1%, at $67.98 a barrel […]
By Ritu, Capital Sands The dollar hovered near a six-month high versus the Japanese yen while the Australian dollar climbed to its strongest since July on Friday, buoyed by easing Sino-U.S. trade tensions. The optimism around prospects for a trade deal reduced demand for safe-haven currencies such as the yen, but with global currency […]
By Ritu, Capital Sands Oil prices rose on Thursday, buoyed by a potential breakthrough in the Sino-U.S. trade war and OPEC-led efforts to constrain supply, although trading was quiet as many markets were in holiday mode. Brent crude was up 28 cents, or 0.4%, at $67.48 a barrel by 0651 GMT. West Texas Intermediate […]
By Ritu, Capital Sands 1. No end in sight to the U.S.-China struggle for supremacy The trade war between the U.S. and China, which hobbled the world economy almost single-handedly in 2019 is likely to leave deep marks on 2020 too. The International Monetary Fund estimated in October that the tariffs imposed […]
By Ritu, Capital Sands European shares traded near all-time highs on Tuesday in a holiday-shortened week, helped by optimism about the global economic outlook amid progress in U.S.-China trade talks. The pan-European STOXX 600 index was nearly unchanged . Britain’s FTSE 100 fell 0.2% and Spain’s IBEX ) eased 0.4%. France’s CAC was trading […]