Month: August 2020

India
POLITICAL NEWS

Unlock 4.0: Delhi Metro receives nod to resume services from September 7

By Administrator_India Capital Sands The Ministry of Home Affairs (MHA) on August 29 gave the go-ahead for reopening of metro rail services with effect from September. The Metro rail will be allowed to operate with effect from September 7 in a graded manner, the Unlock 4 guidelines issued by the MHA said. Chief Minister Arvind […]

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FED
Fed's Powell calls

Treasury yields, dollar gain after Fed’s historic policy shift

By Administrator_India Capital Sands Longer-dated Treasury yields and the dollar rose in Asia on Friday after the U.S. Federal Reserve shifted its policy framework to place more emphasis on boosting economic growth and less on worries about letting inflation run too high. The 10-year U.S. Treasury yield rose to 0.7870%, the highest since June 10, which caused […]

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Covid-19
India

Maharashtra government slashes stamp duty to 2% until Dec 2020 to boost demand

By Administrator_India Capital Sands To boost the stagnant real estate market hit by COVID-19, the Maharashtra government on August 26 decided to temporarily reduce stamp duty on housing units from 5 percent to 2 percent until December 31, 2020, sources said. Stamp duty from Jan 1, 2021, until March 31, 2021, will be 3 percent, […]

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India

Sonia Gandhi reaches out to CMs of West Bengal, Maharashtra and Jharkhand on GST compensation issue

By Administrator_India Capital Sands Congress president Sonia Gandhi on August 25 reached out to the chief ministers of West Bengal, Maharashtra and Jharkhand on the issue of compensation to states and would hold a meeting with them for evolving a collective stand at the August 27  GST Council meeting, sources said. They said Gandhi will […]

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Commodiity
Corona hits US

US-China trade optimism to limit XAU/USD’s rebound

By Administrator_India Capital Sands Gold (XAU/USD) started out the week on the back foot and closed Monday below $1930, extending Friday’s weakness. The spot once again failed to sustain above the $1950 level, as the coronavirus vaccine optimism lifted the risk sentiment and dulled the haven appeal of gold. Wall Street closed at record highs while […]

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FED
Fed's Powell calls

Dollar Flat, All Eyes on Fed’s Jackson Hole Meeting on Thursday

By Administrator_India Capital Sands The dollar was flat on Monday morning in Asia, with investors awaiting further guidance on the U.S. monetary policy outlook later in the week. U.S. Federal Reserve Chairman Jerome Powell is widely expected to discuss monetary policy during the Jackson Hole symposium. The two-day event will open on Thursday. Some investors […]

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Technical Analysis
UK Economy

GBP/USD Rallies Despite Ongoing Deadlock in Post-Brexit Talks

By Administrator_India Capital Sands The pound continued its strength against the dollar on Thursday, shrugging off growing concerns that the U.K and EU are unlikely to find a breakthrough on the latest round of post-Brexit talks, which concludes on Friday. GBP/USD rose 0.71% to $1.3192. With the latest U.K.-EU trade talks set to end on Friday, […]

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Business
India

Reliance Communications’ resolution in limbo as DoT raises objection

By Administrator_India Capital Sands The Department of Telecommunications has objected to the resolution plan for Reliance Communications, as well as its unit Reliance Telecom, at the National Company Law Tribunal (NCLT), Mumbai. The NCLT has adjourned its hearing on the resolution plan for the firms till August 21. The Department of Telecommunications will file written submissions by then. […]

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Asian market
Commodity

Asian stocks at seven-month highs after Wall Street cracks more records

By Administrator_India Capital Sands Asian shares climbed to a seven-month peak on Wednesday tracking the S&P 500, which scaled all-time highs driven by ever expanding policy stimulus aimed at cushioning the blow to economies from the coronavirus pandemic. MSCI’s broadest index of Asia-Pacific shares outside of Japan rose 0.3%, up for a third straight day […]

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Business
Commodity Broker

Investors still remain attracted towards precious metals, thanks to US-China trade tensions

By Administrator_India Capital Sands Last week began with gold trading near record high levels, although a few factors along the way started to turn around, including hopes for a COVID-19 vaccine, rise in treasury yields, strong dollar and positive economic data. There are no words which can describe last week’s movement as even “wild swings” […]

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