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Canadian Market Down In Negative Territory
The Canadian market is down in negative territory Wednesday afternoon with investors largely refraining from making significant moves amid escalating tensions between Ukraine and Russia. Concerns about the outlook for global economic growth and interest rate uncertainty are also weighing on sentiment.
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Swiss Market Ends Slightly Down
Despite spending much of the day's session in positive territory, the Switzerland market ended slightly down on Wednesday due to a mild bout of selling pressure in the final hour.
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Major European Markets Pare Early Gains, Close Slightly Weak
The major European markets closed lower on Wednesday as persisting concerns about the Ukraine - Russia war weighed on sentiment and rendered the mood cautious. The markets witnessed some strong buying early on in the session, but investors chose to lighten commitments as the day progressed.
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U.S. Crude Oil Inventories Edge Modestly Higher
Crude oil inventories in the U.S. saw a modest increase in the week ended November 15th, according to a report released by the Energy Information Administration on Wednesday.
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FTSE 100 Gains Despite Inflation Uptick
Cooling geopolitics helped FTSE 100 overcome the pain of hotter-than-expected inflation to rise above the flatline and track gains across other European markets.
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CAC 40 In The Green As War Clouds Fade
The CAC 40 index that tracks the 40 largest French stocks based on the Euronext Paris is trading in green territory as geopolitical concerns surrounding the Russia-Ukraine conflict eased.
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Bay Street May Open On Mixed Note
It's likely to be a mixed start for the Canadian market Wednesday morning, with investors tracking global stocks and following the developments on the geopolitical front.
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Pound Rises As U.K. Inflation Accelerates More Than Forecast
The British pound strengthened against other major currencies in the European session on Wednesday, after U.K. consumer price inflation accelerated more than expected in October, lowering the chances of a rate cut at the upcoming monetary policy meeting in December.
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DAX Rises As War Fears Ease
The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange rose on Wednesday, amidst an easing in the tensions between Ukraine and Russia.
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European Stocks Modestly Higher In Cautious Trade
European stocks are up in positive territory on Wednesday, recovering a bit after posting sharp losses in the previous session. Despite persisting concerns about Russia - Ukraine conflict, investors are picking up stocks, focusing on earnings and other corporate news, in addition to assessing the regional economic outlook.
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Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Wednesday.
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Mixed Trend In Asian Markets
Equity markets in Asia closed on a mixed note on Wednesday ahead of the much-anticipated earnings update from NVIDIA Corp.
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Yen Falls Amid BoJ Rate Hike Uncertainty
The Japanese yen weakened against other major currencies in the Asian session on Wednesday, due to uncertainties over the timing of the Bank of Japan's (BoJ) next interest rate hike.
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