Author: Ritu

Japan says drugmaker Gilead's COVID-19 treatment remdesivir now in use in hospitals

Japan says drugmaker Gilead’s COVID-19 treatment remdesivir now in use in hospitals

By Ritu, Capital Sands Japan has begun treating severely ill COVID-19 patients with Gilead Sciences Inc’s COVID-19 remdesivir drug, a health ministry official said, just days after giving the drug emergency approval as it seeks to curb the coronavirus outbreak. Ministry official Yasuyuki Sahara said in an e-mail on Thursday that the U.S. firm’s treatment has been distributed to hospitals […]

Indian bonds gain after early fall; fiscal package details awaited

Indian bonds gain after early fall; fiscal package details awaited

By Ritu, Capital Sands Indian bonds recovered from early falls on Wednesday as investors chose to wait for details of the government’s 20 trillion rupee ($266 billion) fiscal package aimed at supporting an economy ravaged by a weeks-long coronavirus lockdown. Prime Minister Narendra Modi said on Tuesday night that the package was equivalent to nearly 10% of India’s gross domestic […]

Europe Trades in Tight Ranges; Vodafone Outperforms

By Ritu, Capital Sands European stock markets traded in tight ranges Tuesday, as investors weighed up the benefits of reopening economies with the possibility of a second wave of Covid-19 victims. At 3:55 AM ET (0755 GMT), the DAX in Germany traded 0.1% higher, France’s CAC 40 fell 0.08%, while the U.K.’s FTSE index was up 0.3%. France’s economic downturn is easing as the country emerges […]

Europe Higher; Reopening Economies Prompt Optimism

Europe Higher; Reopening Economies Prompt Optimism

By Ritu, Capital Sands European stock markets posted gains Monday, amid growing optimism as more countries start to reopen their economies. At 3:45 AM ET (0735 GMT), the DAX in Germany traded 0.5% higher, and France’s CAC 40 rose 0.2%. The U.K.’s FTSE index gained 0.8%, making up for lost time as Friday was a holiday. France, the second largest economy in the euro zone, is […]

Europe Pushes Higher as Trade War Threat Recedes

Europe Pushes Higher as Trade War Threat Recedes

By Ritu, Capital Sands European stock markets pushed higher Friday, helped by a lessening of tensions between China and the U.S. ahead of key employment data. At 4 AM ET (0800 GMT), the DAX in Germany traded 0.8% higher, and France’s CAC 40 rose 0.6%. The U.K.’s FTSE index was closed due to a holiday. China’s Vice Premier Liu He talked with U.S. Trade Representative Robert […]

Europe Edges Lower; FTSE 100 Outperforms

Europe Edges Lower; FTSE 100 Outperforms

By Ritu, Capital Sands European stock markets traded slightly lower Wednesday amid weak economic data, while better than expected earnings helped the U.K. to outperform.  At 4:35 AM ET (0835 GMT), the DAX in Germany traded 0.1% lower, France’s CAC 40 fell 0.2%, while the U.K.’s FTSE 100 index traded up 0.7%. German factory orders slumped 15.6% in March to their lowest level since records began […]

Bundesbank must stop buying government bonds if ECB can't prove need

Bundesbank must stop buying government bonds if ECB can’t prove need

By Ritu, Capital Sands The Bundesbank must stop buying government bonds under the European Central Bank’s long-running stimulus scheme within three months unless the ECB can prove those purchases are needed, Germany’s top court ruled on Tuesday. The ruling deals a blow to a scheme, called Public Sector Purchase Programme, that has kept the euro zone’s economy afloat during several […]

UK factories suffer worst month in three decades

UK factories suffer worst month in three decades

By Ritu, Capital Sands British manufacturers suffered the biggest fall in output and orders for at least three decades in April, as measures to slow the spread of the new coronavirus sent the economy into a steep downturn, a survey showed on Friday. April’s final IHS Markit/CIPS Manufacturing Purchasing Managers’ Index confirmed the bleak picture painted in a flash estimate […]

Europe Edges Higher; Central Bank Meetings Loom

Europe Edges Higher; Central Bank Meetings Loom

By Ritu, Capital Sands European stock markets edged higher Wednesday, with investors cautiously optimistic ahead of key central bank meetings and as the earnings season continues. At 4:15 AM ET (0815 GMT), the U.K.’s FTSE index traded 0.7% higher, France’s CAC 40 was down 0.2%, while the DAX rose 0.1%. The broader based Stoxx 600 Europe index climbed 0.1%.  The Federal Reserve is set to finish its two-day […]

Europe Edges Higher; Central Bank Meetings Loom

Europe Posts Gains as Reopenings Draw Nearer

By Ritu, Capital Sands European stock markets pushed higher Wednesday amid signs the region’s economic shutdown may be coming to an end, but turmoil in the oil market continued to demand a degree of caution.. At 4 AM ET (0800 GMT), the U.K.’s FTSE index traded 1% higher, France’s CAC 40 was up 0.5%, while the DAX rose 1%. The broader based Stoxx 600 Europe index climbed 1%.  […]