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Fear of coronavirus second wave stalks stock markets

Fear of coronavirus second wave stalks stock markets

By Ritu, Capital Sands Global stocks and oil prices fell on Wednesday as fears about a second wave of coronavirus infections gripped financial markets. Investors, many facing steep losses due to the pandemic-driven shakeout in assets over the past few months, have...
Dollar Consolidates After Hitting Two- Week High

Dollar Consolidates After Hitting Two- Week High

By Ritu, Capital Sands The U.S. dollar was marginally lower in early European trade Monday, consolidating after hitting a two-week high against its major peers overnight amid growing fears about a second wave of coronavirus infections. At 2:55 AM ET (0655 GMT),...
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...
‘Free Money Forever’ Greases Telefonica’s U.K. Deal

‘Free Money Forever’ Greases Telefonica’s U.K. Deal

By Ritu, Capital Sands It’s Europe’s biggest M&A deal since the continent went into lockdown: Spanish telecoms giant Telefonica is merging its U.K. business O2 with Virgin Media, owned by ‘cable cowboy’ John Malone’s Liberty Global. If approved by regulators, it...
Gold dips as risk appetite improves amid easing lockdowns

Gold dips as risk appetite improves amid easing lockdowns

By Ritu, Capital Sands Gold prices slipped on Tuesday as the U.S. dollar strengthened and risk appetite among investors improved on optimism over easing of coronavirus-driven lockdowns by major economies. Spot gold was down 0.2% to $1,698.92 per ounce at 0924 GMT....