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German Industrial Slump Raises Recession Worries
A bigger-than-expected fall in industrial production together with a sharp decline in factory orders in Germany in March suggested that the first quarter economic performance was weaker than the official estimate, deepening the fears of recession.
Largely reflecting the contraction in auto production, industrial output dropped 3.4 percent from February, when production increased by a revised 2.1
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European Stocks Broadly Higher In Cautious Trade
European stocks are broadly higher on Monday even as the mood remains a bit cautious in some of the markets in the region with investors awaiting more economic data and earnings updates for direction.
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DAX Edges Higher Ahead Of U.S. CPI Data
The DAX benchmark of the Frankfurt bourse edged higher on Monday, amidst the Fed's hints of a pause and the ECB's hawkish stance.
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Enbridge Appoints Patrick Murray To Succeed Vern Yu As EVP And CFO
Enbridge Inc. (ENB, ENB.TO) announced Monday that the Board of Directors has appointed Patrick Murray, currently Senior Vice President & Chief Accounting Officer, to succeed Vern Yu as Executive Vice President and Chief Financial Officer, effective July 1, 2023.
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Sensex, Nifty Close On Buoyant Note
Indian shares ended on a buoyant note on Monday, bouncing back smartly after posting losses in the previous session, as investors indulged in strong buying at several counters across various sectors.
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Most Asian Stocks Rise Tracking Friday's Wall Street Rally
Asian markets mostly moved higher tracking the positive sentiment that lifted Wall Street benchmarks higher on Friday.
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Canadian Dollar Rises As Oil Prices Climb
The Canadian dollar advanced against its most major counterparts in the European session on Monday amid higher oil prices, as stronger-than-expected U.S. jobs data allayed concerns about an imminent recession.
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more news
Canadian Dollar Rises Against Most Majors
The Canadian dollar strengthened against its most major rivals in the European session on Monday.
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NZ Dollar Advances Against Most Majors
The New Zealand dollar strengthened against its most major currencies in the European session on Monday.
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German Suburbs Log Strong Gains In Consumer Spending Due To Remote Working: Ifo Study
Retail sales growth in Germany's residential areas and suburbs has grown strongly, while spending in city centers remain below the pre-pandemic levels as many people continue to work from home, results of a study by the ifo Institute showed Monday. The ifo study covered locations in Berlin, Munich, Hamburg, Stuttgart and Dresden.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the early European session on Monday.
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European Markets Seen Opening Weak
Markets in Europe are expected to open on a weak note on Monday despite positive sentiment created by robust corporate earnings and Wall Street's strong rally on Friday.
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Sensex, Nifty Surge Higher As Stocks Rally On Positive Global Cues
Indian shares are up firmly Monday morning on widespread buying thanks to positive global cues.
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