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U.S. Dollar Advances As Year-end Approaches
The U.S. dollar climbed against its most major counterparts in the New York session on Monday, as U.S. stocks dropped in the final trading week of year.
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Swiss Market Ends Slightly Up
The Switzerland market ended marginally up on Monday after a choppy session during which stocks moved in a very narrow range. Worries about Swiss growth outlook weighed on sentiment. Also, investors chose to remain on the sidelines ahead of New Year holidays.
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European Stocks Close Lower After Cautious Session
European stocks closed lower on Monday amid thin volumes as investors largely stayed on the sidelines ahead of New Year holidays. Uncertainty about interest rates, and tariff war threats weighed on sentiment.
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Canadian Market Down Firmly In Negative Territory; Energy Stocks Outperform
The Canadian market is languishing in negative territory on Monday with stocks from across several sectors reeling under selling pressure as investors look for directional clues.
Trade war fears in the wake of U.S. President-elect Donald Trump's tariff threats, and persisting concerns about geopolitical tensions, and interest rate uncertainty appear to be weighing on sentiment.
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U.S. Pending Home Sales Surge To Highest Level Since February 2023
A report released by the National Association of Realtors on Monday showed pending home sales in the U.S. surged by much more than expected in the month of November. NAR said its pending home sales index shot up by 2.2 percent to 79.0 in November after jumping by 1.8 percent to 77.3 in October. Economists had expected pending home sales to climb by 0.7 percent.
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Chicago Business Barometer Unexpectedly Deceases In December
Chicago-area business activity unexpectedly contracted at an accelerated rate in the month of December, according to a report released by MNI Indicators on Monday. MNI Indicators said its Chicago business barometer slid to 36.9 in December from 40.2 in November, with a reading below 50 indicating contraction. Economists had expected the Chicago business barometer to rise to 42.5.
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Dollar Extends Gains As 2024 Draws To A Close
Driven by caution ahead of the year-end, the U.S dollar inter alia gained against the euro, the Japanese yen, the Australian dollar, the Canadian dollar as well as the Swiss franc during the week ended December 27. The greenback however edged down against the British pound and the Swedish krona.
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more news
Bay Street Seen Opening On Mixed Note
Canadian shares are likely to open on a mixed note Monday morning with traders largely staying away on the sidelines ahead of the New Year and looking for directional clues.
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Sensex, Nifty Drift Lower On Weak Global Cues
Indian shares ended lower on Monday after all three major U.S. averages sold off Friday, thwarting the seasonal Santa Claus rally on concerns about rising bond yields.
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European Shares Edge Lower Before Year-end
European stocks were moving lower in cautious trade on Monday after all three major U.S. averages sold off Friday, thwarting the seasonal Santa Claus rally on concerns about rising bond yields.
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FTSE 100 Edges Lower In Cautious Year-end Trade
U.K. stocks traded lower on Monday as investors adopted a cautious stance ahead of the year end.
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CAC 40 Slips Into Red On Economic Concerns
French stocks traded lower on Monday amid worries about the country's economic outlook and the prospect of a trade war after U.S. President-elect Donald Trump threatened sweeping tariffs on goods.
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DAX Declines As Yields Stay High
German stocks were moving lower on Monday as elevated government bond yields prompted investors to book some profits ahead of the year end.
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