By Administrator_India Capital Sands The European Central Bank left policy unchanged on Thursday but with the economic recovery losing momentum and a strong euro dampening inflation expectations, ECB President Christine Lagarde is expected to set the stage for more stimulus later. Having pulled out the stops this spring to halt a historic economic declineContinue Reading

Dollar Steady in Asia Ahead of Jobs Report

By Administrator_India Capital Sands The US dollar index that tracks the greenback against a basket of currencies was flat at 92.47 by 10:23 PM ET. Data on non-farm payrolls out on Friday in the U.S. could shed some light on the strength of the economic recovery there. On Thursday, the U.S.Continue Reading

By Administrator_India Capital Sands German coalition parties agreed on Tuesday to extend measures to cushion the effects of the coronavirus crisis on Europe’s biggest economy at a cost of up to 10 billion euros, including prolonging a short-time work scheme and freezing insolvency rules. The German economy contracted at its steepest rate on record in the secondContinue Reading

By Administrator_India Capital Sands U.S. employment growth likely slowed significantly in July amid a resurgence in new COVID-19 infections, which would provide the clearest evidence yet that the economy’s recovery from the recession caused by the pandemic was faltering. The Labor Department’s closely watched employment report on Friday could pileContinue Reading