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U.S. Stocks Close On Strong Note; Nasdaq Outperforms
U.S. stocks closed on a bright note on Friday, firmly holding their gains after a positive start.
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TSX Up 0.7% As Technology, Energy Stocks Rise Sharply
The Canadian market remains firmly entrenched in positive territory Friday afternoon with stocks from several sectors holding their gains thanks to sustained buying interest.
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U.S. Stocks Up Firmly In Positive Territory, Look Set To End On Strong Note
U.S. stocks are up firmly in positive territory Friday afternoon, with technology shares outperforming as investors react to quarterly earnings updates.
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Swiss Market Ends On Weak Note
The Switzerland stock market ended on a weak note on Friday after staying in negative territory right through the day's session.
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Major European Markets Close Slightly Higher
Despite struggling for direction for much of the day's trading session, the major European markets managed to close slightly higher on Friday, with banks outperforming and posting impressive gains.
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U.S. Dollar Weakens As Core PCE Inflation Cools
The U.S. dollar fell against its most major counterparts in the New York session on Friday, as the Federal Reserve's preferred measure of inflation, the core personal consumption expenditure price index, rose less than expected in June.
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German Inflation Slows To 6.2% In July
Germany's consumer price inflation eased in July after accelerating in the previous month, mainly due to slower growth in food prices and services, preliminary data from the statistical office Destatis showed Friday. The consumer price index rose 6.2 percent year-on-year following a 6.4 percent increase in June. That was in line with economists' expectations.
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U.S. Personal Income Rises 0.3% In June, Less Than Expected
Personal income in the U.S. increased by less than expected in the month of June, according to a report released by the Commerce Department on Friday. The report said personal income rose by 0.3 percent in June after climbing by an upwardly revised 0.5 percent in May.
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U.S. Personal Income Rises More Than Expected In June
Personal income in the U.S. increased by less than expected in the month of June, according to a report released by the Commerce Department on Friday.
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Canadian Market Likely To Open Higher
Bay Street is seen opening on a firm note on Friday, tracking firm crude oil and bullion prices.
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Japanese Yen Advances As BoJ Tweaks Yield Curve Control Policy
The Japanese yen rallied against its major counterparts on Friday, as the Bank of Japan decided to bring greater flexibility to the yield curve control and to maintain its ultra-loose monetary policy.
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Eurozone Economic Confidence Weakens More Than Expected
Eurozone economic confidence deteriorated in July due to lower sentiment among managers in industry and construction, monthly survey conducted by the European Commission revealed Friday. The economic sentiment index slid to 94.5 in July from 95.3 in the previous month. The reading was forecast to drop to 95.0. This was the sixth consecutive decline.
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German Economy Stagnates; France GDP Growth Gains Momentum
The German economy stabilized in the second quarter as private consumption helped to halt the recession, official data showed on Friday. Despite the social unrest, growth in the French economy accelerated on robust exports. Elsewhere, the Spanish economy continued to register moderate growth in the second quarter with notable improvements in household consumption and investment.
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