Euro Slides as Weak Q4 Data Take Shape

By  Administrator_India, Capital Sands The euro fell in early European trading Friday, weighed by signs of weakness in the region’s two largest economies. EUR/USD traded at $1.1027, down 0.1%, while EUR/GBP fell 0.2% to 0.8398. First up, German retail sales slumped 3.3% in December, a much weaker number than expected, suggesting the country’sRead More →

By Administrator_India, Capital Sands India’s food ministry has sought more than 2 trillion rupees ($28.1 billion) to run the world’s biggest food welfare program in the fiscal year beginning April 1 But the government is likely to earmark only around 1.90 trillion rupees “The finance ministry may not be ableRead More →

Bank of Japan Deputy Governor Masayoshi Amamiya speaks during a Reuters Newsmaker event in Tokyo

By  Administrator_India, Capital Sands The Bank of Japan must be ready to issue digital currencies if rapid technical advances in settlement systems boost public demand, its deputy governor said, leaving open the chance of issuing central bank digital currencies (CBDC) in the future. Masayoshi Amamiya said the BOJ had noRead More →

By Administrator_India, Capital Sands   Prime Minister Narendra Modi’s party has recommended adjusting rules on taxing equity market returns in the upcoming budget on Feb. 1, which if accepted, could attract more capital inflows into the stock markets, a senior party leader said. Financial market participants have been lobbying forRead More →

Dollar in Demand Ahead of Federal Reserve Decision

By  Administrator_India, Capital Sands The U.S. dollar remained largely the currency of choice in early trading in Europe Wednesday, boosted by signs of a strengthening economy ahead of the latest meeting of the Federal Reserve. The US Dollar Index Futures, which tracks the greenback against a basket of other currencies, hadRead More →

By Administrator_India, Capital Sands   Prime Minister Narendra Modi’s government is expected to raise spending on infrastructure and cut some personal tax in its 2020/2021 budget, to spur consumer demand and investment, government sources and economists said. India is facing its worst economic slowdown in a decade. Growth slipped toRead More →

Dollar in Demand, Euro, Pound Under Pressure

By  Administrator_India, Capital Sands The U.S. dollar remains strong Tuesday, as heightened concerns about the spread of the deadly coronavirus in China prompt demand for currencies as safer. At 08:00 ET (0800 GMT), the USD/JPY traded 0.2% higher at 109.08, having fallen as low at 108.83 overnight. The US Dollar Index Futures, which tracksRead More →

By Administrator_India, Capital Sands Oil futures slipped on Tuesday, extending losses into a sixth session as the spread of a new virus in China and other countries raised concerns about a hit to economic growth and slower oil demand. Brent crude was down 15 cents, or 0.3%, to $59.17 atRead More →

European shares slump as coronavirus fears worsen

By  Administrator_India, Capital Sands European shares dropped sharply in early trading on Monday as growing concerns over the potential economic damage from a fast-spreading coronavirus sapped demand for riskier assets. Death toll from the outbreak in China rose to 81 and the virus spread to more than 10 countries includingRead More →

By Administrator_India, Capital Sands   Iraqi security forces shot at anti-government protesters in Baghdad on Sunday, killing at least one person, and unidentified men set fire to sit-in tents in a southern Iraqi city, police and medics said, as months-long civil unrest escalated. Separately, at least one of five KatyushaRead More →