Category: Technical Analysis

Europe to Edge Lower Despite ECB Support

Europe to Edge Lower Despite ECB Support

By Ritu, Capital Sands European stock markets are expected to edge lower Thursday, with investors still contemplating the possibility of several months of declining economic activity despite an increasingly robust policy response that reached a new high late on Wednesday as the European Central Bank unveiled its biggest anti-crisis program yet. The European Central Bank launched a 750 billion euro […]

Gold Declines as Virus Panic Spurs Sell Off Across Markets

By Administrator_India Capital Sands Gold declined as investors rush to raise cash to cover losses in other markets amid a rout in U.S. stocks, with global leaders striking a pessimistic tone over the likely economic impact of the coronavirus outbreak. Wall Street stocks plunged the most since 1987 on Monday after President Donald Trump warned the economic disruption from the […]

Global supplier India curbs drug exports as coronavirus fears grow

By Administrator_India, Capital Sands India, the world’s main supplier of generic drugs, has restricted the export of 26 pharmaceutical ingredients and the medicines made from them, including Paracetamol, a common pain reliever also sold as acetaminophen, as the coronavirus outbreak plays havoc with supply chains. The Indian government urged calm and said there were enough stocks to manufacture formulations for […]

Japan’s Abe says ready to top up fiscal spending if coronavirus hits economy

By Administrator_India, Capital Sands Japanese Prime Minister Shinzo Abe said on Tuesday his government was ready to deploy further fiscal stimulus measures if needed to protect the country’s already fragile economy from the negative effects of the coronavirus. Abe, who has come under fire for his handling of the crisis, has pledged to focus over the next couple weeks on […]

India factory activity growth slows in February on weak demand

India factory activity growth slows in February on weak demand

By Ritu, Capital Sands India’s factory activity growth slowed in February from the previous month’s eight-year high due to a modest weakening in demand and output, although overall conditions remained firm, a private survey showed on Monday. The Nikkei Manufacturing Purchasing Managers’ Index, compiled by IHS Markit, fell to 54.5 last month from January’s 55.3, above a Reuters poll forecast […]

New York confirms first coronavirus case; U.S. ramps up preparations

By Administrator_India, Capital Sands New York state confirmed its first positive coronavirus test, Governor Andrew Cuomo said on Sunday night, as the U.S. government said it would start screening travelers for the virus and hike production of protective masks. Cuomo said on Twitter that a woman in her 30s contracted coronavirus during a recent trip to Iran and was in […]

Japan minister flying to Lebanon to make case for Ghosn’s return

By Administrator_India, Capital Sands Japan’s vice minister of justice is traveling to Lebanon this weekend to try to make the case that fugitive ex-Nissan Chairman Carlos Ghosn should stand trial in Japan. Hiroyuki Yoshiie will leave Tokyo on Saturday and meet with Lebanese justice minister Albert Serhan on Monday, Japan’s justice ministry said. The former leader of the Renault Nissan auto […]

Dovish board member calls for review of BOJ’s policy framework

By Administrator_India, Capital Sands The Bank of Japan should review its monetary policy framework to re-examine its tools for propping up inflation, one of its board members said on Thursday, as the fallout from the coronavirus outbreak risks tipping the economy into recession. Goushi Kataoka, one of the most dovish members of the BOJ board, said the government and the […]

New UK finance minister Sunak should resist rewriting fiscal rules: IFS

By Administrator_India, Capital Sands New finance minister Rishi Sunak should resist the urge to rewrite Britain’s fiscal rules ahead of the budget next month and he should make plain that any spending increases will mean more tax, a think-tank said on Wednesday. Sunak will deliver the first post-Brexit budget, which is expected to entail a big increase in spending, on […]

Falling exports bring German economy to standstill in fourth quarter

Falling exports bring German economy to standstill in fourth quarter

By Ritu, Capital Sands Shrinking exports held back German economic activity in the fourth quarter of last year, detailed data showed on Tuesday, confirming that Europe’s largest economy was stagnating even before the coronavirus outbreak began. Germany’s export-dependent manufacturers are being hit by a slowing world economy and increased business uncertainty linked to tariff disputes and Britain’s exit from the […]