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TSX Ends Marginally Up
The Canadian market ended slightly up on Friday after a somewhat lackluster session, as investors stayed cautious amid fears of interest rate hikes, and on concerns about the health of the Chinese economy.
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vor 648 Tagen
Dollar Struggles For Direction
After staying weak in the Asian and European sessions, the U.S. dollar briefly climbed higher Friday morning, but retreated soon and kept moving lower as the day progressed, giving up recent gains against some of its major counterparts.
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vor 648 Tagen
U.S. Stocks End On Mixed Note After Cautious Session
U.S. stocks turned in a mixed performance on Friday with investors largely staying cautious amid concerns the Federal Reserve will hold interest rates higher for longer to control inflation.
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vor 648 Tagen
Canadian Market Recovers From Early Weakness
After a weak start and a subsequent drop to lower levels Friday morning, the Canadian market recovered lost ground and is hovering around the flat line in afternoon trades.
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vor 648 Tagen
Swiss Market Ends Lower For 4th Straight Day
The Switzerland stock market ended weak on Friday amid lingering worries about slowing growth and higher interest rates.
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vor 648 Tagen
European Stocks Close Lower As Growth Worries, Interest Rate Concerns Weigh
European stocks closed lower on Friday as growth worries and concerns about monetary tightening continued to deter investors from indulging any significant buying, and look to lighten positions instead.
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vor 648 Tagen
U.S. Dollar Climbs Amid Fed, China Concerns
The U.S. dollar firmed against its major counterparts in the European session on Friday, on the prospects of higher interest rates and concerns about China's shadow banking sector.
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vor 648 Tagen
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Bay Street Likely To Open On Negative Note
Lower Canadian and U.S. futures, weak crude oil prices and weakness in European markets point to a negative start for the Canadian market on Friday.
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vor 648 Tagen
Ford, Partners To Build C$1.2 Bln EV Battery Plant In Quebec
Auto major Ford Co. and its South Korean partners SK On and EcoProBM announced an investment of C$1.2 billion or about $887 million to build a cathode manufacturing facility in Quebec, Canada. Through the cathode joint venture or JV, the three companies are expected to have a stable supply of battery raw materials in North America.
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vor 648 Tagen
Estee Lauder Guides FY24 Well Above Estimates - Update
While reporting financial results for the fourth quarter on Thursday, Estee Lauder Cos., Inc. (EL) initiated its earnings and adjusted earnings guidance for the full-year 2024, well above estimates, and provided outlook for the first quarter, well below estimates.
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vor 648 Tagen
Pound Falls As U.K. Retail Sales Drop More Than Expected
The pound weakened against its major counterparts in the European session on Friday, as weaker than expected U.K. retail sales data for July reduced possibility of more interest rate hikes from the Bank of England.
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vor 648 Tagen
Sensex, Nifty Follow Global Peers Lower
Indian shares ended slightly lower on Friday as risk-off sentiment prevailed in global financial markets amid fears of U.S. interest rates remaining higher for longer and concerns about spreading debt defaults in China's property market.
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vor 648 Tagen
European Shares Extend Declines For Fourth Day
European stocks were moving lower on Friday, extending losses for a fourth consecutive session on renewed concerns surrounding China's slowing growth and the prospect of further interest rate hikes by the Federal Reserve.
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vor 648 Tagen
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