Canadian Market Deep Down In Negative Territory On Growth Worries

TSX Snaps 6-day Losing Streak, Ends 0.76% Up

The Canadian market closed on a bright note on Friday, snapping a 6-day losing streak, after data from U.S. Commerce Department showing a slower than expected pace of acceleration by the PCE price index raised hopes for more interest rate cuts by the Federal Reserve next year.

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Dollar Slips Against Major Counterparts After PCE Data

The U.S. dollar shed ground against its major counterparts on Friday after soft personal consumption expenditures (PCE) data raised hopes of more interest rate cuts by the Federal Reserve next year.

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Canadian Stocks Up Firmly After Long Losing Streak, Set To End On Bright Note

Canadian stocks are firmly up in positive territory on Friday, rebounding strongly with investors indulging in some hectic bargain hunting after six straight days of losses. The market's rise is also due to the positive reaction to the Federal Reserve's preferred readings on consumer price inflation.

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U.S. Dollar Drops After Soft PCE Inflation Data

The U.S. dollar declined against its major counterparts in the New York session on Friday, as a slowdown in PCE inflation for November bolstered the prospect of slower pace of rate cuts by the Federal Reserve next year.

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Swiss Market Ends Modestly Lower

Swiss stocks found some support in late afternoon trades on Friday, but still ended the day's session on a weak note. The mood remained cautious amid concerns about the outlook for global economy in the wake of tariff threats by the U.S., fears of a U.S. government shutdown, and recent hawkish comments from the Fed that interest rate cuts will be fewer next year than earlier forecast.

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European Stocks Close Lower Again

European stocks closed lower on Friday, extending losses from the previous session, as concerns about political uncertainty in some major European countries, fears of a U.S. government shutdown, and potential tariffs on the European Union weighed on sentiment.

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U.S. Consumer Sentiment Improves In Line With Preliminary Estimate In December

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. improved in line with its preliminary estimate in the month of December. The report said the consumer sentiment index for December was unrevised from the preliminary estimate of 74.0, in line with economists' expectations. The consumer sentiment index increased from 71.8 in November.

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U.S. Consumer Prices Inch Higher In November, Annual Growth Accelerates Slightly Less Than Expected

Consumer prices in the U.S. crept slightly higher in the month of November, according to a closely watched report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in November after rising by 0.2 percent in October. Economists had expected prices to increase by another 0.2 percent.

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EURUSD	1.04314	GBPUSD	1.25751	AUDUSD	0.6255
USDJPY	156.321	USDCAD	1.43677	USDCHF	0.89303