Australian Dollar News
DCB Bank has witnessed a significant jump in its foreign remittance services on the coronavirus outbreak, specially for education purposes, as parents want to ensure their children abroad have sufficient money to sustain themselves in the situation of a lockdown
World stocks rise as China trade data better than expected; some countries try to restart economy on easing pandemic fears
Market sentiment was boosted by data showing China’s exports fell only 6.6 percent in March from a year ago, less than the expected 14 percent plunge.
Stock markets open in green: Sensex rallies over 1,300 points, Nifty soars 348 points; IndusInd among top gainers
The markets opened on Tuesday with the Sensex rallying over 1,300 points in early trade led by gains in bank, IT and auto stocks amid recovery in global equities.
Stock Market Latest Updates: Sensex soars over 1,400 points, Nifty above 8,600-mark at close; IndusInd Bank zooms over 45%
Stock Market LIVE Updates: Sensex up 300 points, Nifty opens above 8,400-level in opening trade; Rupee opens flat
Investors were hoping for better news from China and were not disappointed with first-quarter economic growth pipping forecast at 6.4 percent.
The downgrade reflects Moody's expectation that China's financial strength will erode somewhat over the coming years, with economy-wide debt continuing to rise as potential growth slows, Moody's said
Analysts are saying buy emerging market FX, equities and commodities as US Fed has made world safe for risk until June
The Fed's announcement on Wednesday that its stimulus measures will stay in place should help battered emerging markets like India and Brazil.