Actualités Forex
U.S. Dollar Lower On Rate Cut Expectations
The U.S. dollar declined against its major counterparts in the New York session on Friday on growing expectations that the U.S. Federal Reserve could start cutting interest rates as early as September.
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Canadian Market Up In Positive Territory; Materials Shares Rally
The Canadian market is up in positive territory on Friday, supported by strong gains in materials shares, which are moving up on firm metal prices.
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U.S. Leading Economic Index Decreases More Than Expected In April
Suggesting softer economic conditions lay ahead, the Conference Board released a report on Friday showing a continued decrease by its reading on leading U.S. economic indicators in the month of April. The Conference Board said its leading economic index fell by 0.6 percent in April after dipping by 0.3 percent in March. Economists had expected the index to decrease by another 0.3 percent.
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Elon Musk Says Twitter's Official Rebranding As X Complete
Billionaire Elon Musk announced that his social media platform, formerly known as Twitter, has completed its rebranding as X. In a post on his social media account, Musk said, "All core systems are now on http://X.com." At the bottom of the X login page, a message reads as "We are letting you know that we are changing our URL, but your privacy and data protection settings remain the same."
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Bay Street Likely To Open Mixed
Canadian shares may open on a mixed note Friday morning, and are likely to largely move in a tight band amid a lack of fresh triggers.
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China Industrial Output Gains Strength; Retail Sales & Investment Data Disappoints
China's industrial growth accelerated in April driven by robust exports but softening growth in retail sales and fixed asset investment reflects an uneven economic recovery necessitating more efforts from the part of the government to achieve the official growth target. Industrial production registered an annual increase of 6.7 percent after rising 4.5 percent in March.
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Calibre Mining Announces Resignation Of David Splett As CFO
Calibre Mining Corp. (CXBMF, CXB.V) announced Friday the resignation of Senior Vice President and Chief Financial Officer David Splett, effective July 31, 2024. Splett served as CFO of Calibre since the end of November 2021.
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more news
Sensex, Nifty End Modestly Higher Despite Weak Global Cues
Indian shares recovered from a weak opening to end slightly higher on Friday.
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Reddit Stock Climbs On OpenAI Deal
Shares of Reddit Inc. were gaining around 14 percent in the pre-market activity on the New York Stock Exchange after the social media company announced a deal with artificial intelligence or AI startup OpenAI, the developer of highly popular generative AI chatbot ChatGPT. The deal will bring Reddit's content to ChatGPT and its products. OpenAI will also become a Reddit advertising partner.
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European Shares Extend Losses On Rate Worries, Mixed China Data
European stocks extended declines on Friday after having snapped a nine-day winning streak the previous day.
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FTSE 100 Drifts Lower As Chancellor Jeremy Hunt Promises Tax Cuts
U.K. stocks traded lower on Friday as chancellor Jeremy Hunt delivers a speech on the state of the economy ahead of the general election.
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CAC 40 Declines On Weak Earnings
French stocks declined on Friday, with uncertainty over the timing of U.S rate cuts, mixed data from China and disappointing earnings updates keeping investors nervous.
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DAX Slips Into Red Ahead Of Eurozone Inflation Data
German stocks fell on Friday while the dollar climbed after comments from three top Federal Reserve officials suggested that U.S. interest rates are likely to stay higher for longer.
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