By Administrator_India Capital Sands The U.S. economy contracted by an unprecedented annualised rate of 32.9% in the second quarter, the Commerce Department reported Thursday, the worst decline since the Great Depression as the coronavirus pandemic hammered consumer spending. Economists had forecast a slightly larger decline of 34.1% after a 5%Read More →
By Administrator_India Capital Sands Asian stocks were boosted by the promise of ultra-easy monetary policy globally as the U.S. Federal Reserve left interest rates near zero to support the country’s virus-battered economy, sending the dollar to a two-year trough. All Fed members voted to leave the target range forRead More →
By Administrator_India Capital Sands Gold hovered around record highs on Wednesday morning in Asia as the US dollar remained weak and debate continued in the U.S. over the next COVID-related stimulus package. Gold futures gained 0.05% to $1,945.60, lower than the $1,968.00 level hit on Tuesday, suggesting that theRead More →
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Day Trading, which is buying and selling shares during the same trading session, exploded in popularity back in the booming stock market of the 1990s. Everyone was trying to get in and out of securities and make a profit on an intraday basis. After the dot-com market crash in 2000, the SECRead More →
By Administrator_India Capital Sands Oil held losses near $41 a barrel in New York as signs of weakness in the U.S. labor market cast doubt on the strength of the demand recovery in the world’s biggest crude consumer. The first increase in jobless claims since March comes as lawmakersRead More →
By Administrator_India Capital Sands The dollar crept off milestone lows against other majors on Thursday, and held on to gains against the yuan, as heightened Sino-U.S. tension put a bit of caution into currency markets. China has vowed to respond and the escalation in tension between the world’s twoRead More →
By Administrator_India Capital Sands The euro stood at an 18-month high, silver soared and commodities forged ahead on Wednesday, as economic recovery hopes drove bets on rebounding world demand and a falling U.S. dollar. Stock markets in Asia ground higher, except in Australia where a surge in coronavirus infectionsRead More →
By Administrator_India Capital Sands Gold rose on Tuesday, hovering near a nine-year peak hit in the last session, as worries over a spike in COVID-19 cases and expectations for inflation from more economic stimulus measures boosted demand for the safe-haven metal. Spot gold was up 0.1% at $1,817.23 perRead More →
By Administrator_India Capital Sands Asian shares were downbeat on Monday with oil and copper also soft, as a spike in global coronavirus cases hung over markets awaiting efforts from the euro zone and United States to stitch together fiscal stimulus plans to fight the pandemic. MSCI’s broadest index of Asia-Pacific shares outsideRead More →