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DAX Slips As Retail Sales Disappoint
(RTTNews) - German stocks declined on Friday as investors awaited euro-zone inflation and U.S. payrolls data for important clues on the economic and rate outlook.
German retail sales fell more than expected in November, denting investor sentiment.
Retail sales decreased 2.5 percent compared with the previous month, wiping out the 1.1 percent gain registered in October, according to the federal statistics office, Destatis. Analysts had expected a 0.1 percent decrease.
Market are looking for a 170,000 increase in the December U.S. nonfarm payrolls and an unemployment rate of 3.8 percent.
The benchmark DAX dropped 84 points, or half a percent, to 16.533 after rising half a percent in the previous session.
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Canadian Dollar Falls Against Most Majors
The Canadian dollar dropped against its most major counterparts in the New York session on Friday.
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6h 55min ago
Canadian Market Modestly Higher; Technology Stocks Among Notable Gainers
The Canadian market is up in positive territory Friday afternoon with investors largely reacting to quarterly earnings announcements, and the nation's jobs data, in addition to weighing the impact of tariffs on global economic growth.
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9h 17min ago
Swiss Market Ends Marginally Up
The Switzerland market ended marginally up on Friday despite exhibiting weakness for much of the time past noon. Investors continued to react to earnings and assess the economic impact of reciprocal tariffs, and stayed largely cautious with their moves.
A report showing a drop in Swiss consumer confidence in the month of July hurt sentiment.
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9h 52min ago
Major European Markets Close On Mixed Note
Major European markets turned in a mixed performance on Friday with investors largely staying cautious, assessing the impact of tariffs on global economic growth, and continuing to digest corporate earnings announcements and other data.
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10h 16min ago
Positive Start Seen For Canadian Stocks
Canadian stocks may edge up a bit in early trades Friday morning with some encouraging earnings announcements and firm commodity prices aiding sentiment.
Investors will also be reacting to the data showing a 41,000 jobs drop in Canadian employment in the month of July. Data from Statistics Canada also showed that the unemployment rate in Canada came in unchanged at 6.9%.
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14h 48min ago
UK Market Roughly Flat; Mining Stocks Move Higher
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16h 42min ago
CAC 40 Climbs Higher For 3rd Straight Day
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Concerns about the potential impact of Trump's reciprocal tariffs limit market's upside a bit.
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17h 1min ago
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Indian shares fell sharply on Friday amid concerns that steep 50 percent U.S. tariffs on Indian goods may hut the country's manufacture push and slow economic growth.
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17h 16min ago
