The Australian dollar reversed a recent rally on Thursday, as rising fears of a U.S. recession and soft local jobs data knocked the risk-sensitive currency, while the kiwi was little moved by the resignation of Prime Minister Jacinda Ardern. The Aussie eased 0.4% to 0.6910%, the softest level in oneContinue Reading
The U.K. labor market stayed stronger than expected in December, with the number of benefit claimants rising only moderately. At the same time, wage growth in November, the last month for which data are available, grew more strongly than expected, rising 6.4% on the year, according to the Office forContinue Reading
U.S. stock futures were trading flat during Monday’s evening deals, after major benchmark indices finished the regular session higher ahead of the U.S. midterm elections on Tuesday. By 18:20 ET (23:20 GMT), Dow Jones Futures and S&P 500 Futures were flat, while Nasdaq 100 Futures ticked 0.1% higher In extendedContinue Reading
By Administrator_India Capital Sands European stocks pared losses and Wall Street reversed earlier gains on Thursday as investors weighed uncertainty over central bank tapering and economic recovery due to the coronavirus Delta variant alongside strong US weekly jobless claims data. Major US indexes ended weaker but stayed close to all-timeContinue Reading
By Administrator_India Capital Sands Washington: COVID-19 vaccines that are available in the United States are effective against the deadly variant that was first detected in India, top US health officials said on Tuesday. The B.1.617 virus variant, first identified in India last year, has been classified as a ”variant of concern”Continue Reading
By Administrator_India Capital Sands The U.S. dollar was supported on Monday amid renewed worries about coronavirus restrictions in Asia, but investors are heavily positioned for it to fall while the U.S. Federal Reserve keeps rates low. Easing commodity prices and virus outbreaks in Singapore and Taiwan – where COVID-19 hadContinue Reading
By Administrator_India Capital Sands In a show of solidarity, CEOs of some 40 top American companies have come together to create a global task force to mobilise resources to help India fight the battle against COVID-19. A collective initiative of the US-India Business Council of the US Chambers of Commerce,Continue Reading
By Administrator_India Capital Sands The safe-haven U.S. dollar remained broadly weaker on Wednesday as Treasury yields continued to retreat, restoring some calm to global markets and reigniting demand for riskier assets. Commodity-linked currencies including the Australian dollar and the Norwegian krone held on to sizeable two-day advances. The lower U.S.Continue Reading
By Administrator_India Capital Sands Indian-origin Kamala Harris was on Wednesday sworn in as America’s first woman Vice President during a historic inauguration at the West Front of the Capitol. Harris, 56, the 49th US Vice President, will serve as the deputy of President Joe Biden, 78, who also took the oath ofContinue Reading
By Administrator_ India Capital Sands One month from Election Day, President Donald Trump is facing a credibility crisis as yawning as his health crisis, at a moment when he needs the public’s trust the most. The president’s coronavirus infection, as well as the illnesses of several aides and allies, has imperiled theContinue Reading
