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TSX Ends Weak For 2nd Straight Day
The Canadian market ended notably lower for a second successive session, as stocks tumbled on Wednesday amid rising concerns about interest rates and the outlook for global economic growth.
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Dollar Gaining Against Major Counterparts
The U.S. dollar gained against most of its major counterparts on Wednesday amid continued bets interest rates will remain higher for longer than previously thought, and the world's largest economy will see significant growth despite tight monetary policy.
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Canadian Stocks Losing Ground, Set To End Notably Lower Again
Canadian stocks are down firmly in negative territory Wednesday afternoon due to sustained selling amid rising concerns about interest rates and economic slowdown.
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Swiss Market Fails To Hold Early Gains, Ends Moderately Lower
After opening higher and staying positive till noon on Wednesday, the Switzerland stock market turned a bit subdued and moved along the flat line till mid afternoon before drifting lower to end the day's session on a weak note.
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European Stocks Close Lower On Growth Worries, Interest Rate Concerns
European stocks closed weak after a choppy session on Wednesday, as persisting concerns about high interest rates, inflation, and economic slowdown rendered the mood cautious.
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Canadian Dollar Strengthens As Oil Prices Rise
The Canadian dollar climbed against its major counterparts in the European session on Wednesday, as oil prices advanced even as industry data showed U.S. crude oil stockpiles rose in the just-ended week, against expectations for a small drop.
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Nektar, Cellular Biomedicine Enter New Clinical Study Collaboration
Nektar Therapeutics (NKTR) announced Wednesday that it has entered into a new clinical study collaboration with Cellular Biomedicine Group Inc. (CBMG).
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U.S. Durable Goods Orders Unexpectedly Rebound 0.2% In August
After reporting a sharp pullback in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Wednesday unexpectedly showing a modest rebound in durable goods orders in the month of August. The Commerce Department said durable goods orders crept up by 0.2 percent in August after plunging by a revised 5.6 percent in July.
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Eurozone Money Supply Logs Record Fall; Bank Lending Growth Weakens
Eurozone money supply registered its biggest fall on record and bank lending grew at a much slower pace in August amid tightening monetary policy and weak economic activity, data published by the European Central Bank showed on Wednesday. The M3 money supply posted an annual decline of 1.3 percent, following July's 0.4 percent fall. This was the biggest fall on record.
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U.S. Durable Goods Orders Unexpectedly Edge Higher In August
A report released by the Commerce Department on Wednesday unexpectedly showed a modest rebound in new orders for U.S. manufactured durable goods in the month of August.
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Dollar Little Changed After U.S. Durable Goods Orders
U.S. durable goods orders for August have been published at 8.30 am ET Wednesday. After the data, the greenback changed little against its major counterparts.
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Dollar Appreciates Ahead Of U.S. Durable Goods Orders
U.S. durable goods orders for August are due at 8.30 am ET Wednesday. Ahead of the data, the greenback firmed against its major counterparts.
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Pound Rises Against Most Majors
The pound advanced against its most major counterparts in the European session on Wednesday.
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