China’s retail sales unexpectedly fall as consumer caution prevails
By Administrator_India Capital Sands China’s retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world’s second-largest economy failed to shake off wariness about the coronavirus, while the recovery in the factory sector struggled to gain momentum. Asian markets pulled back on Friday following
China’s retail sales unexpectedly fall as consumer caution prevails
By Administrator_India Capital Sands China’s retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world’s second-largest economy failed to shake off wariness about the coronavirus, while the recovery in the factory sector struggled to gain momentum. Asian markets pulled back on Friday following
Asian stocks grind higher, dollar slips as U.S. data brightens mood
By Administrator_India Capital Sands Asia’s stock markets followed Wall Street higher on Thursday, as investors returned to tech stocks, gold and selling dollars after steady virus figures and a surprising jump in U.S. inflation boosted sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2%, and gains in
Asian stocks fall on U.S. stimulus uncertainty
By Administrator_India Capital Sands Asian stocks dipped on Wednesday on growing uncertainty over whether the U.S. lawmakers would agree on an additional round of big fiscal stimulus to support an economy still struggling with the novel coronavirus. Hopes of vaccine development, however, prompted some investors to reduce safe-haven assets such
Oil Up Over Signs of Recovery in Demand
By Administrator_India Capital Sands Oil was up for a second day in a row Tuesday morning in Asia on signs that demand for fuel may be recovering along with renewed hope of a new stimulus package in the U.S. WTI futures rose 0.79% to $42.27 by 12:07 AM ET (5:07 AM