Forex News
TSX Hits New Record High Again, Ends 0.41% Up
The Canadian market posted a record closing high for the third consecutive day as technology stocks climbed higher on strong buying interest on Friday.
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Dollar Drifts Lower Against Major Currencies
The U.S. dollar shed ground against its major counterparts on Friday as the yield on long-term Treasury Notes dropped. Also, with investors choosing to pick up riskier assets such as equities, the dollar struggled for support almost right through the day's session.
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India GDP Growth Slowest In 7 Quarters On Weak Manufacturing
The Indian economy expanded at the slowest pace in seven quarters during the three months to September as the stronger performance of the services sector was offset by the sluggishness in manufacturing and mining industries, preliminary data from the statistics ministry showed on Friday.
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Swiss Market Ends Higher After Choppy Session
The Switzerland market closed on a positive note on Friday after a choppy session, as investors assessed the region's economic data and continued to closely follow the developments on the geopolitical front.
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European Markets Close On Firm Note
European stocks closed higher on Friday amid expectations of further rate cuts by central banks despite data showing an acceleration in eurozone inflation. Investors also digested French GDP data and Germany's retails sales and unemployment data.
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Canadian Market Continues To Climb Higher; TSX Up Modestly At Noon
The Canadian market has moved on to a new record high on Friday, lifted by gains in technology, industrials and materials sectors, as investors continue to remain optimistic about more interest rate reductions by the central bank.
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Eurozone Inflation Accelerates To 2.3%
Euro area inflation climbed for a second straight month in November, while the core figure was unchanged, making way for a cautious interest rate cut by the European Central Bank next month.
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1 day ago
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Pound Weakens Despite BoE's Slower Rate Cut Prospects
The pound was lower against its major counterparts in the New York session on Friday, as the U.S. dollar rebounded after the Thanksgiving holiday.
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UK Mortgage Approvals At More Than 2 Year High
UK mortgage approvals increased to the highest level in more than two years in October as falling interest rates boosted housing market activity but consumers became more cautious about borrowing and saving ahead of the Autumn Budget. Mortgage approvals for house purchases, an indicator of future borrowing, increased to 68,303 in October from 66,115 in the prior month, the Bank of England report
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Bay Street May Open Higher On Firm Metal Prices; GDP Data In Focus
Canadian shares may open higher on Friday with materials stocks set to ride on strong gold and silver prices. Data on Canadian GDP data for the third quarter is due out at 8:30 AM ET.
As the U.S. market will close early today, volume of business on Bay Street will be thin for a second straight day.
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German Unemployment Rises Less Than Forecast
German unemployment increased less than expected in November despite companies reporting job cuts, figures from the Federal Employment Agency revealed Friday. The jobless rate came in at 6.1 percent, the same as in September and October. Also, the rate matched expectations. The number of people out of work increased only 7,000 after rising 26,000 in the previous month.
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French GDP Growth Accelerates; Inflation Rises Marginally
The French economic growth accelerated as estimated in the third quarter on the Paris Olympic and Paralympic Games and inflation rose only marginally in November, official data revealed on Friday. Gross domestic product logged a quarterly growth of 0.4 percent in the third quarter, which was unchanged from the previous estimate, the statistical office INSEE reported. This follows a 0.2 percent ri
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Sensex, Nifty Rebound Sharply; Airtel And Pharma Stocks Top Gainers
Indian shares rebounded on Friday, after having seen steep declines the previous day on account of F&O expiry.
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1 day ago
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