By Ritu, Capital Sands Gold inched up on Tuesday amid growing fears of a coronavirus resurgence in some countries and prospects of Sino-U.S. tensions flaring further, though gains were capped by a stronger dollar. Spot gold edged up 0.1% to…
Author: Ritu
By Ritu, Capital Sands India’s benchmark 10-year bond yield surged on Monday following the government’s decision to sharply increase market borrowing amid a major hit to the economy and public finances from the coronavirus pandemic. The government plans to borrow…
By Ritu, Capital Sands The pound rallied after the Bank of England refrained from boosting its bond-buying program and held its benchmark interest rate steady. Sterling recovered from a two-week low as the BOE kept interest rates and quantitative easing…
By Ritu, Capital Sands The euro zone economy will contract by a record 7.7% this year because of the COVID-19 pandemic and inflation will almost disappear while public debt and budget deficits will balloon, the European Commission forecast on Wednesday….
By Ritu, Capital Sands Indian shares, led by Reliance Industries and HDFC Bank, tracked world markets higher on Tuesday, as the easing of coronavirus lockdowns in some countries spurred hopes of a restart in economic activity. The NSE Nifty 50…
By Ritu, Capital Sands Indian shares jumped more than 3% on Thursday and were set for their best month in nearly 11 years, as sentiment improved on promising early results from a COVID-19 drug trial, while heavyweight Reliance Industries gained…
By Ritu, Capital Sands Lending to euro zone companies surged in March as firms rushed for emergency funding amid the continent’s coronavirus-related lockdown, data from the European Central Bank showed on Wednesday. With millions of people forced to stay home,…
By Ritu, Capital Sands British Prime Minister Boris Johnson on Wednesday faced a call for an inquiry into his government’s handling of the coronavirus crisis after failing to fully explain partial death data, limited testing or the lack of…
By Ritu, Capital Sands Metropolitan Tokyo asked some businesses to close and the ancient capital of Kyoto warned tourists to stay away as Japan battles a fast-spreading outbreak of the new coronavirus, amid fears the government’s measures are too little…
By Ritu, Capital Sands India’s retail inflation is expected to have dropped to a four-month low in March on softer food and fuel prices and as already slowing demand likely plummeted due to a nationwide lockdown towards the end of…