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Australia Retail Sales Data Due On Tuesday
Australia will on Tuesday release March numbers for retail sales, highlighting a busy day for Asia-Pacific economic activity.
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TSX Ends Modestly Higher As Tech Stocks Rise
The Canadian market ended modestly higher on Monday, led by gains in technology and consumer directory sectors.
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Dollar Remains Subdued
The U.S. dollar weakened against most of its major counterparts on Monday with traders contemplating the Federal Reserve's possible moves with regard to interest rates.
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Canadian Stocks Turning In Mixed Performance
Canadian stocks are turning in a mixed performance on Monday with investors largely making cautious moves, looking ahead to more economic updates for directional clues.
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Swiss Market Closes Modestly Higher
The Switzerland stock market opened on a slightly weak note on Monday, but recovered swiftly and stayed firm thereafter to eventually close modestly higher.
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European Stocks Close Higher
European stocks closed higher on Monday, continuing to react to encouraging U.S. jobs data and earnings updates, and looking ahead to more economic and results, and the Bank of England's interest rate decision.
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U.S. Wholesale Inventories Unexpectedly Unchanged In March
The Commerce Department released a report on Monday showing U.S. wholesale inventories were unexpectedly unchanged in the month of March. The report said wholesale inventories were virtually unchanged in March, while revised data showed inventories were also unchanged in February.
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Pound Climbs As BoE Decision Nears
The pound spiked higher against its major opponents in the European session on Monday, as investors expect another increase in the key interest rate at the Bank of England's meeting this week.
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Eurozone Sentix Investor Confidence Weakens In May
Eurozone investor confidence weakened notably in May wiping out expectations for an economic revival after the war in Ukraine, although the currency bloc weathered the winter months, a closely watched survey revealed Monday. The investor confidence index unexpectedly fell to -13.1 in May from -8.7 in April, the behavioral research institute Sentix said. The score was forecast to improve to -8.0.
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Bay Street Likely To Open Higher
The Canadian market is likely to open on a firm note on Monday, tracking higher crude oil and gold prices.
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HNI Corp. Q1 Results Top Estimates
HNI Corp. (HNI) reported Monday that net income attributable to the company for the first quarter plunged to $1.6 million or $0.04 per share from $14.2 million or $0.33 per share in the year-ago quarter. Excluding special items, adjusted net income for the quarter was $0.13 per share.
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Wall Street Seen Opening On Cautious Note
Subdued futures point to a flat to marginally higher start for U.S. stocks on Monday. The Dow and S&P futures are up marginally, while the Nasdaq futures are flat.
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Viatris Reaffirms FY23 Revenue Outlook, Declares Dividend - Update
While reporting financial results for the first quarter on Monday, healthcare company Viatris Inc. (VTRS) reaffirmed its total revenue guidance for the full-year 2023.
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