European shares inch higher but set for worst quarter since 2002

By Ritu, Capital Sands European stocks inched higher on Tuesday with investors buying into defensive sectors as they awaited further signs that the economy could weather the fallout from a near total global shutdown to curtail the spread of the coronavirus pandemic. The pan-European STOXX 600 index  was up 1.1%Read More →

By Administrator_India Capital Sands Asian stock markets made modest gains as China announced a higher-than-expected Purchasing Manager’s Index data. China’s Shanghai Composite gained 0.41%, while Shenzhen Component was up 1.26% after data showed the country’s March manufacturing PMI came in at 52.0, compared with the record low of 35.7 last month. Analysts hadRead More →

Oil plunges to 2002 lows, shares sink again

By Administrator_India Capital Sands Oil took another eyewatering 8% tumble on Monday and world shares buckled again as fears mounted that the global coronavirus shutdown could last for months. There were some bright spots, with Australian equities posting a standout jump as the government launched a super-sized support programme, butRead More →

By Administrator_India Capital Sands Crude oil benchmarks fell sharply on Monday, with Brent hitting its lowest since November 2002, as the global coronavirus pandemic worsened and the Saudi Arabia-Russia price war showed no signs of abating. Brent futures were down 6.7%, or $1.68, to $23.25 a barrel, after earlier droppingRead More →

Europe Slips After Recent Gains as Virus Cases Mount

By Administrator_India Capital Sands European stock markets traded lower Friday, with investors taking stock after recent hefty gains and as the coronavirus pandemic continues to reap damage throughout the region. At 04:10 ET (0510 GMT), the U.K.’s FTSE index was trading 3.9% lower, France’s CAC 40 was down 3.0%, while the DAX fell 1.9%. The broaderRead More →

By Administrator_India Capital Sands Asian stock markets were up on the last trading day of the week despite drops in Chinese industrial profits and a huge rise in U.S. jobless claims. China’s National Bureau of Statistics reported that industrial profits for January and February dropped 38.3% year on year, comparedRead More →

Euro Benefits From Talk of 'Corona' Bonds

By Administrator_India Capital Sands The euro has posted gains Thursday amid talk of a new debt instrument to combat the coronavirus outbreak as the death toll rises and the economic damage becomes more stark. At 4:10 ET (0810 GMT), EUR/USD traded at 1.0938, up 0.5%. Elsewhere, the U.S. Dollar Index, which tracks theRead More →

By Administrator_India Capital Sands A two-day equities rally lost momentum on Thursday, and investors sold riskier currencies, as stimulus negotiations dragged on in Washington and investors fretted over a likely spike in U.S. jobless claims. MSCI’s broadest index of Asia-Pacific shares outside Japan wobbled either side of flat. Japan’s Nikkei slumped 4%Read More →

Stocks - Europe Pushes Higher on Stimulus Agreement

By Administrator_India Capital Sands European stock markets pushed firmly higher Wednesday, with investors breathing a sign of relief that U.S. policymakers have managed to come together to deliver a massive rescue package to bolster the country’s beleaguered economy. At 03:50 ET (0850 GMT), the U.K.’s FTSE index was trading 4.2% higher, France’s CAC 40Read More →

By Administrator_India Capital Sands At least two more New York Stock Exchange floor traders tested positive for the coronavirus on Tuesday despite measures taken to prevent people infected by the virus from entering the exchange while it remained physically open last week. Given the possibility of exposure, and consistent withRead More →