By Administrator_India Capital Sands Asian stocks were poised for their biggest weekly rise in over eight years while the euro hovered near a 1-1/2 month high as Europe’s central bank surprised with more stimulus, fuelling hopes for a global rebound. The equities rally prompted investors to take winnings ahead ofContinue Reading

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Americans spend grim Easter Sunday at home as COVID-19 deaths near 22,000

By Administrator_India Capital Sands Americans spent a glum Easter Sunday largely confined to their homes by the still-raging coronavirus pandemic as the U.S. death toll neared 22,000, with more than half a million confirmed cases nationwide. With 42 states imposing strict stay-at-home orders most churches were shuttered, although many erectedContinue Reading

Oil rallies on Gulf tensions and output cuts

By Administrator_India Capital Sands OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis. But the group,Continue Reading

After pandemic, Fed policymakers see slow U.S. recovery

By Administrator_India Capital Sands The U.S. economy is set for a deep slide in coming months with the coronavirus forcing businesses to shut and putting millions out of work, but Federal Reserve policymakers are also warning of a slugging recovery once the pandemic subsides. “Because of the shock of this…Continue Reading

Asian shares step back, oil rebounds in volatile trade

By Administrator_India Capital Sands Asian stocks stepped back on Wednesday after two sessions of sharp gains as investors turned wary on getting too optimistic about the coronavirus while death tolls were still mounting across the globe. Not helping sentiment was wild volatility in the oil market, where prices rebounded inContinue Reading

Asian Equities Up as COVID-19 Shows Signs of Slowing

By Administrator_India Capital Sands Asian stock markets continued their gains on Tuesday as falling COVID-19 numbers improved investor sentiment. The United States, Italy and Spain reported declining case figures over the weekend. The ASX 200 slipped 0.5%, flattening its earlier gains by 10:23 PM ET (3:23 AM GMT). The Reserve Bank of Australia is set to announce its interestContinue Reading

By Administrator_India Capital Sands Japanese Prime Minister Shinzo Abe will declare a state of emergency as early as Tuesday in a bid to stop the coronavirus spreading across the country, the Yomiuri newspaper reported, as the cumulative number of infections topped 1,000 in Tokyo alone. Abe will likely announce hisContinue Reading