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Dollar Subdued Against Major Counterparts On Growth Concerns
The U.S. dollar remained subdued on Friday amid concerns the trade war could adversely impact the U.S. economy. Data showing a sharp drop in U.S. consumer sentiment weighed as well.
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TSX Ends Sharply Higher
The Canadian market ended on a strong note on Friday thanks to sustained buying in stocks from across several sectors.
A batch of encouraging economic data, and optimism on the political front following the swearing-in of former BoC Governor Mark Carneyas the new Canadian Prime Minister, triggered some strong buying in the market.
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Canadian Market Set To End On Buoyant Note
The Canadian market is up firmly Friday afternoon and looks well on course to end the day's session on a buoyant note, with stocks from across several sectors holding firm thanks to sustained buying interest.
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Swiss Market Ends Moderately Higher
After struggling for direction till more than a couple of hours past noon, Swiss stocks found some support on Friday to end the day's session on a firm note.
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European Stocks Close On Firm Note
European stocks closed higher on Friday on optimism about reforms in Germany's debt brake rule after reports said Friedrich Merz, who is likely to be sworn in as the country's next chancellor, had got the support from the Greens party to increase public borrowing that will help rise defense spending.
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Swiss Franc Weakens Against Majors
The Swiss franc fell against its major counterparts in the New York session on Friday, as U.S. stocks rallied after a decline in the previous session.
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CPSC Recalls: Batteries, Bicycles, Heaters, Water Bottles, Stools, Harnesses, Teethers, Safety Gates
The U.S. Consumer Product safety Commission or CPSC has announced various recalls including batteries, bicycles and framesets, desktop heaters, water bottles, stools, climbing harnesses, teethers, and safety gates, among others. Walnut, California-based Sublue Technology Inc. has called back about 40,370 units of Lithium-Ion Batteries sold for Sublue Mix Underwater Scooters citing risk of fire;
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U.S. Consumer Sentiment Plunges To Lowest Level In Over Two Years
Largely reflecting a substantial deterioration in consumer expectations, the University of Michigan released a report on Friday showing a much steeper than expected drop by its reading on U.S. consumer sentiment in the month of March. The University of Michigan said its consumer sentiment index plunged to 57.9 in March after tumbling to 64.7 in February.
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Bay Street Likely To Open Higher On Positive Global Cues
Higher U.S. and Canadian futures, firm commodity prices and rising European stocks point to a positive start for the Canadian market on Friday. Trade war worries might weigh a bit and limit market's upside.
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Před 1 dnem
FTSE 100 Advances Despite Weak GDP Data
Despite data showing an unexpected contraction in the nation's GDP in the month of January, U.K. stocks are up in positive territory on Friday, tracking cues from other major European markets. Bank and mining stocks are among the prominent gainers.
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BMW Q4 Results Down, Cuts Dividend; Sees Flat Earnings, Higher Volume In FY25
German luxury automaker BMW Group reported Friday lower profit and revenues in its fourth quarter hit mainly by weak Automotive deliveries, despite growth in Rolls-Royce. The company also trimmed its dividend, and issued fiscal 2025 outlook, expecting stable Group earnings before taxes, but slight growth in sales volume amid continuing subdued demand in the Chinese market.
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Před 2 dny
Pound Slides On Weak UK GDP Data
The British pound weakened against most major currencies in the European session on Friday, after U.K. economy logged an unexpected contraction at the start of the year on a sharp fall in production.
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Před 2 dny
CAC Moderately Higher In Cautious Trade
French stocks are up in positive territory a little past noon on Friday, led by gains financials and luxury sectors. The mood remains cautious amid escalating trade war tensions. Slight optimism about a ceasefire in Ukraine is aiding sentiment.
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Před 2 dny
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