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TSX Ends Weak For 2nd Straight Session
The Canadian market ended modestly lower on Monday after moving in a very tight band in lackluster trade.
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Canadian Market Modestly Lower In Lackluster Trade
The Canadian market is down in negative territory Monday afternoon in lackluster trade, weighed down by losses in industrials and consumer discretionary sectors.
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Swiss Market Ends Lower On Weak Global Cues
The Switzerland market ended notably lower on Monday, in line with markets across Europe, as worries about the impact of monetary tightening on global growth, and caution ahead of the Federal Reserve Chairman Jerome Powell's congressional testimonies weighed on stocks.
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European Stocks Close Notably Lower
European stocks ended notably lower on Monday as investors weighed the likely impact of monetary tightening and looked ahead to the Bank of England's monetary policy and Federal Reserve Chair Jerome Powell's congressional testimonies, due later in the week.
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U.S. Homebuilder Confidence Improves Much More Than Expected In June
The National Association of Home Builders released a report on Monday showing homebuilder confidence in the U.S. has improved by much more than expected in the month of June. The report said the NAHB/Wells Fargo Housing Market Index jumped to 55 in June from 50 in May. Economists had expected the index to inch up to 51.
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U.S. Dollar Advances In Cautious Trade
The U.S. dollar climbed against other major currencies in the European session on Monday, amid concerns over China's economic growth and ahead of testimony from Federal Reserve Chair Jerome Powell due this week.
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UK Housing Market Undergoes Early Summer Slowdown: Rightmove
British housing affordability constraints as well as fading price expectations among sellers brought forward the usual summer slowdown, property website Rightmove said on Monday. House prices dropped only GBP 82 in June, Rightmove said. This marked the first monthly decrease in asking prices this year and also the first drop in June since 2017.
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Bay Street Likely To Open On Weak Note
Weak European stocks and lower commodity prices point to a negative open for stocks on Bay Street Monday morning.
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Sensex, Nifty Give Up Initial Gains On Weak Global Cues
Indian shares ended Monday's session marginally lower, tracking weak cues from global markets.
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Frito-Lay Recalls Tostitos Avocado Salsa Jar Dips
Frito-Lay Inc., owned by food, snack, and beverage major PepsiCo, Inc., is recalling select 15 oz. Tostitos Avocado Salsa Jar Dips citing the possible presence of undeclared milk, a known allergen, the U.S. Food and Drug Administration said. The recall includes Tostitos Avocado Salsa Dip packaged in a glass jar with UPC barcode ending in 0559, and best before date of 2 NOV 23 or 3 NOV 23.
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European Shares Slip As Investors Await Powell Testimony, BoE Rate Decision
European shares traded lower in cautious trade on Monday, as China stimulus hopes faded and caution crept in ahead of China's June loan prime rate announcement and Fed Chair Jerome Powell's testimonies due this week.
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Asian Shares Slide Ahead Of China's Rate Decision
Asian stocks retreated on Monday as investors exercised cautious ahead of China's interest-rate decision and Fed Chair Jerome Powell's testimonies.
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Antipodean Currencies Fall Amid Risk Aversion
Antipodean currencies such as the Australia and New Zealand dollars weakened against their major currencies in the Asian session on Monday amid risk aversion, as some traders looked to cash in and book profits after the recent strength in the markets. Trading volumes may remain light due to the Juneteenth holiday in the U.S.
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