The Canadian dollar weakened against the U.S. dollar in the New York session on Friday. The loonie was trading at 1.3590 against the greenback, down from an early sessions high of 1.3565. The currency is seen finding support around the 1.38 level.
The Switzerland market closed higher on Friday, tracking positive cues from other European markets amid hopes the Federal Reserve will cut interest rate next week, and possibly announce more reductions before the end of the year. The benchmark SMI, which moved between 12,022.46 and 12,077.91, ended with a modest gain of 54.94 points or 0.46%...
Despite paring some early gains, the Canadian market holds in positive territory Friday afternoon with stocks from real estate, healthcare and materials sectors staying firm thanks to sustained buying interest. Technology stocks are also faring reasonably well. Consumer staples, industrials, energy and financials sectors are largely subdued. The benchmark S&P/TSX Composite Index, which climbed to...
The U.S. dollar drifted lower on Friday, extending weakness from the previous session, amid bets the Federal Reserve might announce a larger interest-rate cut nex week, and also deliver a few more reductions in the coming months. In economic news today, the University of Michigan said its consumer sentiment index rose to 69.0 in September...
Food prices in New Zealand were up 0.4 percent on year in August, Statistics New Zealand said on Thursday, slowing from 0.6% in July. Higher prices for restaurant meals and ready-to-eat food and grocery food drove the annual increase in food prices, up 3.6 percent and 2.4 percent, respectively. The price increase in restaurant meals...
The Swiss franc weakened against most major currencies in the Asian session on Thursday. The Swiss franc rose to more than a 3-week low of 0.8549 against the U.S. dollar, from yesterdays closing value of 0.8520. Against the euro and the pound, the franc advanced to an 8-day low of 0.9417 and a 6-day low...
German stocks traded higher on Thursday amid expectations the European Central Bank (ECB) will deliver a quarter-point rate cut later today, a move that would mark its second reduction to the deposit rate this year. Meanwhile, Germanys wholesale prices declined at a faster pace in August on lower petroleum product prices, data from Destatis revealed....
French stocks advanced on Thursday ahead of a European Central Bank (ECB) policy meeting later in the day. In a prelude to an expected Fed move next week, the ECB is expected to cut its baseline interest rate from 4.25 percent to 4 percent due to falling inflation and sluggish growth. Markets will focus more...
U.K. stocks traded higher on Thursday after the Bank of England relaxed a proposed overhaul of the banking system. The implementation of the new bank capital rules has been delayed until 2026, six months later than the central bank said previously. The benchmark FTSE 100 was up 70 points, or 0.9 percent, at 8,264 after...
European stocks traded higher on Thursday ahead of a European Central Bank policy meeting later in the day. The central bank is widely expected to cut its key interest rates by 25 basis points amid falling inflation and economic indicators signaling a weaker outlook. ECB staff macroeconomic projections and ECB Chief Christine Lagardes press conference...