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Bay Street Looks Headed For Another Positive Start
Canadian shares are set to open on a firm note on Tuesday, extending gains from the previous session, as markets in Asia closed higher, and most of the markets across Europe are up sharply amid hopes global central banks will pause rate hikes during the later part of the year.
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KalVista Pharma Terminates KVD824 Phase 2 KOMPLETE Trial For Prophylactic Treatment Of HAE
KalVista Pharmaceuticals, Inc. (KALV) announced Monday that it has terminated the KOMPLETE phase 2 clinical trial for KVD824 for the prevention of attacks in people with hereditary angioedema (HAE).
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Ginkgo Bioworks Acquires Biotechnology Company Circularis For Undisclosed Terms
Ginkgo Bioworks (DNA), the leading horizontal platform for cell programming, announced Tuesday the tuck-in acquisition of Circularis, a biotechnology company with a proprietary circular RNA and promoter screening platform.
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Dollar Drops As Treasury Yields Fall
The U.S. dollar fell against its major counterparts in the European session on Tuesday, as data showing a slowdown in U.S. manufacturing activity tempered expectations for aggressive monetary tightening by the Federal Reserve.
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Sensex Soars 1,276 Points Amid Global Rally; Nifty Nears 17,300
Indian shares posted strong gains on Tuesday on the back of improved global sentiment, as the dollar extended its slide and bond yields declined in response to weak U.S. data released overnight.
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European Shares Extend Gains As Treasury Yields Fall
European shares rose sharply on Tuesday to extend gains from the previous session as weak U.S. manufacturing and construction data released overnight raised hopes for slower Federal Reserve tightening.
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FTSE 100 Gains As Kwarteng Brings Forward Debt Plan
U.K. shares rose sharply on Tuesday, building on gains from the previous session after the government made a dramatic U-turn on one of the tax cuts that contributed to extreme bond market turmoil last week.
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CAC 40 Rallies As Yields Retreat
French stocks rose sharply on Tuesday, tracking a sharp rebound on Wall Street overnight and strong gains elsewhere across Asia.
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DAX Extends Gains On Hopes For A Fed Retreat
German stocks rallied on Tuesday to extend gains from the previous session as investors scooped up beaten-down shares amid hopes that the U.S. Federal Reserve could ease back on hiking rates.
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Asian Shares Climb In Broad Rally
Asian shares climbed on Tuesday amid hopes for a dovish pivot from the U.S. Federal Reserve. The Bank of England is the first to pivot back to quantitative easing, claiming to restore market functioning and reduce risks of contagion.
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Australian Dollar Drops On Softer RBA Rate Hike
The Australian dollar fell against its major counterparts in the Asian session on Tuesday, as the Reserve Bank of Australia delivered a smaller rate hike than expected amid uncertainty over the global economic outlook.
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RBA Delivers Smaller Than Expected Rate Hike
Australia's central bank raised its benchmark rate by a smaller-than-expected quarter point on Tuesday, after lifting rates by 50 basis points in each of the last four meetings. The policy board of the RBA, headed by Governor Philip Lowe, decided to lift the cash rate target by 25 basis points to 2.60 percent from 2.35 percent. This was the highest rate since July 2013.
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European Economics Preview: Spain Unemployment Data Due
Unemployment data from Spain and producer prices from the euro area are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the National Institute of Statistics is scheduled to issue Romania's producer prices for August.
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