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Dollar Sheds Ground Against Major Counterparts
The U.S. dollar traded weak against its major counterparts on Monday with investors awaiting a slew of crucial economic data for clues about the outlook for interest rates.
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Swiss Market Ends Moderately Lower
The Switzerland market ended on a weak note on Monday, tracking weakness in markets across Europe, amid lingering concerns about global economic slowdown, and caution ahead of some crucial economic data.
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European Stocks Close Lower In Cautious Trade Ahead Of Crucial Economic Data
European stocks closed lower on Monday after spending almost the entire duration of the day's session in negative territory, as the mood remained cautious ahead of crucial economic data from across the European region, the U.S., and China.
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Energy, Industrials Shares Dragging Down Canadian Market
The Canadian market is down in negative territory at noon on Monday as losses in energy and industrials sectors offset solid gains in the technology space.
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ECB's Lagarde Says Eurozone Inflation Outlook Surrounded By Considerable Uncertainty
Euro area price growth outlook continued to be surround by significant uncertainty and it is not yet time to declare the end of the fight against inflation, European Central Bank President Christine Lagarde said Monday. "Looking ahead, we expect the weakening of inflationary pressures to continue, even though headline inflation may rise again slightly in the coming months," Lagarde said.
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Euro Falls Against Majors
The euro slipped against its major counterparts in the European session on Monday.
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U.S. New Home Sales Pull Back More Than Expected In October
The Commerce Department released a report on Monday showing new home sales in U.S. pulled back sharply in the month of October after soaring in September. The report said new home sales plunged by 5.6 percent to an annual rate of 679,000 in October after spiking by 8.6 percent to a downwardly revised rate of 719,000 in September.
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more news
Lion Electric To Cut 150 Jobs Or 10% Of Total Headcount Amid Rationalization Of Cost Structure
Electric urban vehicles maker Lion Electric Co. (LEV, LEV.TO) announced Monday a workforce reduction aimed at rationalizing its cost structure and improving its ability to reach its profitability objectives.
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89bio Reports Positive Topline Data From Extended Phase 2b ENLIVEN Trial Of Pegozafermin
Biopharmaceutical company 89bio, Inc. (ETNB) announced Monday positive topline data from the blinded extension phase of its Phase 2b ENLIVEN trial evaluating treatment with pegozafermin in patients with nonalcoholic steatohepatitis (NASH).
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GRI Bio Says FDA Clears IND For GRI-0621 For Treatment Of IPF; Stock Up 19%
Biotechnology company GRI Bio, Inc. (GRI) announced Monday that the U.S. Food and Drug Administration has cleared the Company's Investigational New Drug (IND) application for GRI-0621 for the treatment of IPF.
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Another Week Of Dollar Weakness Despite Hawkish Fed Minutes
Renewed rate cut hopes dragged the U.S. Dollar lower during the week ended November 24, notwithstanding a hawkish tone in the Fed minutes released on Tuesday.
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Collegium Says Appeals Court Upholds PTAB's Finding Of Invalidity Of Purdue's 961 Patent Claim
Collegium Pharmaceutical, Inc. (COLL) announced Monday that the U.S. Court of Appeals for the Federal Circuit has upheld the judgment of the Patent Trial and Appeal Board (PTAB) in its final decision that Purdue's '961 patent, which Purdue Pharma L.P. has claimed is infringed by Xtampza ER, is invalid.
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Outlook Therapeutics Announces Receipt Of Type A Meeting Official Minutes On ONS-5010 BLA
Biopharmaceutical company Outlook Therapeutics, Inc. (OTLK) announced Monday the receipt of the official minutes from the Type A meeting with the U.S. Food and Drug Administration (FDA) held in October 2023.
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