Forex News
Dollar Climbs Higher Over Major Rivals On Rate Hike Bets
The U.S. dollar firmed against other major counterparts on Monday amid bets on sharper interest rate hikes from the Federal Reserve to tame soaring inflation.
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885 days ago
Japan Industrial Production Data Due On Tuesday
Japan will on Tuesday release final April figures for industrial production, highlighting a modest day for Asia-Pacific economic activity. In March, output was up 0.3 percent on month and down 1.7 percent on year, while capacity utilization sank 1.6 percent on month.
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885 days ago
TSX Ends Sharply Lower As Stocks Tumble On Global Weakness
The Canadian market ended sharply lower on Monday, extending losses from the previous session, as rising worries about global economic slowdown, higher bond yields and looming interest rate hikes triggered heavy selling across the board.
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885 days ago
Canadian Market Deep Down In Negative Territory On Growth Worries
The Canadian market remains deep down in negative territory Monday afternoon despite regaining a significant portion of lost ground.
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885 days ago
Swiss Market Closes Sharply Lower On Weak Global Cues
Swiss stocks fell sharply on Monday, tracking weak global markets amid rising fears of a possible recession, and on news about a surge in coronavirus cases in China.
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885 days ago
European Stocks Close Sharply Lower On Recession Fears, Virus Jitters
European stocks tanked on Monday, extending losses from the previous session, as fears of a possible recession and news of a "ferocious" COVID-19 outbreak in Beijing's most populous district of Chaoyang sapped investors' appetite for riskier assets.
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885 days ago
UK Q2 GDP To Fall 0.4% In Q2: NIESR
Chances of a UK recession increased with fall in economic output in April and the economy is likely to shrink 0.4 percent in the second quarter amid a similar size fall in the services output, the National Institute of Economic and Social Research said Monday.
Official data released earlier on Monday showed that gross domestic product fell 0.3 percent in the month of April despite strength in private services sectors.
In May, NIESR forecast UK growth at 3.5 percent this year.
"Strong growth in retail, hospitality and other services suggests that some households may have been able to smooth their consumption in the face of the inflation shock," NIESR Principal Economist Rory Macqueen said.
"Manufacturing appears to be suffering as a result of the impact of high petrol and energy, with declines in 8 out of 13 sub-sectors, but April's overall decline was principally driven by the winding-down of the Test and Trace programme, which had made significant positive contributions to GDP over most of the Covid-19 period"
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885 days ago
more news
U.S. Dollar Higher On Aggressive Rate Hike Hopes
The U.S. dollar appreciated against its most major counterparts in the European session on Monday, as hot U.S. inflation data drove the treasury yields higher and raised expectations that the Federal Reserve will continue to tighten policy aggressively in the coming months.
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885 days ago
Bay Street Seen Opening On Weak Note
Sharply lower Canadian and U.S. futures, weak global markets and falling commodities point to a gap down opening on Bay Street Monday morning.
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885 days ago
Prologis To Acquire Duke Realty In All-stock Deal Valued At About $26 Bln
Prologis, Inc. (PLD) and Duke Realty Corp. (DRE) announced Monday that the two companies have entered into a definitive merger agreement by which Prologis will acquire Duke Realty in an all-stock transaction, valued at approximately $26 billion, including the assumption of debt.
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885 days ago
Smurfit Kappa Confirms SSK Paper Mill Unaffected In Sunday's Fire In Adjacent Premises
Smurfit Kappa Group plc (SKG.L) announced Monday that a fire broke out in an adjacent premises to the Smurfit Kappa SSK Paper Mill in Birmingham on Sunday evening at about 19.40 BST.
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885 days ago
Mallinckrodt To Emerge From Chapter 11 In Coming Days
Mallinckrodt plc (MNKKQ) announced Monday that it expects to complete its reorganization process, emerge from Chapter 11 and complete the Irish Examinership proceedings in the coming days.
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885 days ago
ImmunoGen, Oxford BioTherapeutics To Collaborate To Develop Novel Antibody-Drug Conjugates
ImmunoGen Inc. (IMGN), a developer of antibody-drug conjugates (ADCs) for the treatment of cancer, announced Monday a multi-year collaboration to research novel, first-in-class ADCs with clinical stage oncology company Oxford BioTherapeutics (OBT), utilizing ImmunoGen's proprietary linker-payload technology directed to novel targets identified via OBT's proprietary OGAP discovery platform.
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885 days ago
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