Day: April 27, 2020

Europe Pushes Higher; Central Banks and Reopenings Eyed
Market

Europe Pushes Higher; Central Banks and Reopenings Eyed

By Administrator_India Capital Sands European stock markets posted strong gains Monday, with investors boosted by the news of more central bank largesse and of major economies taking steps towards reopening as the Covid-19 pandemic eases. Standard & Poor’s decision not to downgrade Italy after the close on Friday is also helping. At 4 AM ET […]

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Oil majors slash 2020 spending by 20% after prices slump
Commodiity
Covid-19

Oil falls as crude in U.S. storage nears all-time high

By Administrator_India Capital Sands Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to catch up with the collapse in demand from the coronavirus pandemic. U.S. oil futures led losses after U.S. crude inventories rose to 518.6 million barrels in […]

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