The Canadian is up firmly in positive territory Thursday afternoon, and looks well on course to end the session on a buoyant note with stocks from technology, energy, industrials and financials sectors continuing to attract strong buying. The benchmark S&P/TSX Composite Index is up 340.82 points or 1.36% at 25,377.28. Celestica Inc (CLS.TO) is up...
After struggling for direction during the European session and early part of the New York session on Thursday, the U.S. dollar climbed higher, scoring gains against most of its major counterparts. Persisting geopolitical tensions pushed up the demand for the safe-haven dollar. The dollars initial weakness was due to dovish comments from New York Fed...
Canadian stocks kept moving higher and higher on Thursday after a marginally positive start, thanks to investors indulging in some hectic buying across the board, after the government unveiled a mini stimulus package to help cash-strapped households struggling under higher debt payments. The measures announced by the government will cost the Canadian treasury an estimated...
Modestly higher GIFT Nifty futures point to a positive start for the Indian stock market on Friday. Some bargain hunting is likely as well at several counters after the setback in the previous session. However, the undertone is likely to remain cautious following the indictment of Adani Group founder Gautam Adani and a few other...
Stock markets in Europe are expected to rise on Friday tracking the rally in Wall Street and the strong gains in Asian markets. Economic data updates from the region as well as the lingering geopolitical concerns are however seen swaying market sentiment. Wall Street had closed on a positive note on Thursday as markets digested...
The Indian stock market is up in positive territory Friday morning thanks to bargain hunting at several counters after the setback in the previous session. A few stocks from the Adani Group have moved up as well. Bank, technology, metal and realty stocks are among the prominent gainers. The BSE benchmark Sensex was up 704.08...
The New Zealand dollar weakened against other major currencies in the Asian session on Friday, as traders expect the Reserve Bank of New Zealand (RBNZ) to cut its interest rates at the next weeks monetary policy meeting. The RBNZ is expected to its key rates by 50 basis points from 4.75% to 4.25% at Tuesdays...
The German economy grew marginally in the third quarter after a contraction, preventing a technical recession, official data revealed Friday. Gross domestic product posted a sequential growth of 0.1 percent in the third quarter, revised data from Destatis showed. The rate was downgraded from 0.2 percent estimated on October 30. In the second quarter, GDP...
UK retail sales declined more than expected in October as consumers reduced their spending on food and clothing, data released by the Office for National Statistics showed on Friday. Retail sales dropped 0.7 percent on a monthly basis in October, in contrast to the revised 0.1 percent rise in September. Sales were expected to fall...
Germanys private sector continued to contract in November as sustained weakness in manufacturing output was compounded by the first fall in services activity for nine months, flash Purchasing Managers survey compiled by S&P Global showed Friday. The HCOB composite output index dropped to 47.3 in November from 48.6 in the previous month. The score signaled...