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TSX Rises 0.8%, Ends At 1-month High
The Canadian market ended on a strong note on Friday, led by gains in healthcare, technology and materials shares.
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Dollar Turns In Mixed Performance
The U.S. dollar turned in a mixed performance against its major counterparts on Friday, with traders weighing the latest batch of economic data from across the and comments from Fed officials.
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Canadian Market Looks Set To End On Firm Note
The Canadian market is up firmly in positive territory Friday afternoon and looks well on course to end the day's session on a firm note.
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Swiss Market Ends Modestly Higher
The Switzerland stock market ended modestly higher on Friday after staying positive right through the day's session, in line with markets across Europe.
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European Stocks Close Higher As China Reopening Aids Sentiment
European stocks closed higher on Friday, lifted by optimism about Chinese economic growth, cooling inflation and prospects of the Federal Reserve and other major central banks slowing the pace of their interest rate hikes in the coming months.
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U.S. Dollar Higher In Cautious Trade
The U.S. dollar advanced against its major counterparts in the New York session on Friday, amid uncertainty over the Federal Reserve's rate-hike path.
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U.S. Existing Home Sales Slump Much Less Than Expected In December
The National Association of Realtors released a report on Friday showing a continued decline in U.S. existing home sales in the month of December, although the decrease was much smaller than economists had expected. NAR said existing home sales slumped by 1.5 percent to an annual rate of 4.02 million in December.
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Vince Holding Promotes Amy Levy To Succeed David Stefko As CFO
Contemporary group Vince Holding Corp. (VNCE) announced Friday that David Stefko, Chief Financial Officer, has decided to retire, and will step down as CFO effective February 10, 2023.
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Hong Kong Inflation Rises To 2%
Hong Kong's consumer price inflation increased at the end of the year amid rising vegetable and energy prices, data released by the Census and Statistics Department showed on Friday. The consumer price index, or CPI, climbed 2.0 percent year-over-year in December, slower than the 1.8 percent stable rate of rise in November. Economists had forecast inflation to climb slightly to 1.9 percent.
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Bay Street Seen Opening Higher
Canadian shares are likely to open on a positive note Friday morning, tracking higher crude oil and bullion prices, and fairly steady European markets.
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Malaysia Inflation Lowest In 6 Months Amid Slowing Food Prices
Malaysia's consumer price inflation eased slightly at the end of the year to the lowest level in six months, primarily driven by a moderation in food prices, data from the Department of Statistics showed on Friday. The consumer price index, or CPI, climbed 3.8 percent year-on-year in December, following November's 4.0 percent increase. Prices have been rising since February last year.
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Evercore Promotes Tim LaLonde To Succeed Celeste Mellet As CFO
Investment banking advisory firm Evercore Partners Inc. (EVR) announced Friday that it has named Tim LaLonde as its Chief Financial Officer, effective March 6, 2023. LaLonde joined the firm in 2001 and currently serves as Co-Head of the U.S. Advisory business and holds several other global senior leadership roles around the firm.
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Google's Alphabet To Lay Off About 12,000 Employees
Alphabet Inc., the parent company of search giant Google, has joined other tech majors in the lay off process, by announcing plans to cut about 12,000 jobs. This represents more than 6% of its global workforce. The roles being eliminated cut across Alphabet, product areas, functions, levels and regions.
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