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Forex News
Hong Kong GDP Data Due On Monday
Hong Kong will on Monday release an advance estimate of Q2 gross domestic product, setting the pace for a busy day in Asia-Pacific economic activity. GDP is expected to expand 3.8 percent on quarter and 0.6 percent on year after sinking 3.0 percent on quarter and 4.0 percent on year in the three months prior.
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1047 days ago
TSX Extends Gains To 3rd Session, Rises Nearly 4.5% In Month
The Canadian market extended its winning streak to a third straight session, led by strong gains in energy, materials, healthcare and industrials sectors.
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1049 days ago
Dollar Retreats After Recovering From Early Weakness
The U.S. dollar fell in the Asian session on Friday, and after rebounding smartly on data showing an acceleration in the pace of consumer price growth in the U.S., retreated amid speculation the Fed might slow down the pace of interest rate hikes in the coming months.
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1049 days ago
Canadian Market Marching Towards Another Strong Close
The Canadian market is up fairly sharply Friday afternoon, extending gains to a third session, with stocks from energy and materials sectors posting strong gains thanks to rising commodity prices.
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1049 days ago
Swiss Market Ends Slightly Up
The Switzerland stock market ended marginally up on Friday after moving in a very tight range with investors weighing quarterly earnings updates and the recent post monetary policy meeting comments by the Fed Chief Jerome Powell.
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1049 days ago
Solid Core Inflation Data Buoys U.S. Dollar
The U.S. dollar firmed against its major counterparts in the European session on Friday, as the Federal Reserve's preferred measure of core inflation accelerated in the month of June, sparking hopes that the central bank will continue its tightening cycle in the months ahead.
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1049 days ago
European Stocks Close Notably Higher On Earnings, Economic Data
European stocks closed higher on Friday, extending recent gains, riding on data showing an acceleration in euro zone economic growth in the second quarter, and some encouraging earnings updates.
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1049 days ago
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U.S. Consumer Sentiment Rebounds Slightly More Than Initially Estimated
The University of Michigan released revised data on Friday showing consumer sentiment in the U.S. rebounded by slightly more than initially estimated in the month of July. The report showed the consumer sentiment index for July was upwardly revised to 51.5 from the preliminary reading of 51.1. Economists had expected the index to be unrevised.
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1049 days ago
Chicago Business Barometer Drops More Than Expected In July
Growth in Chicago-area business activity slowed by much more than expected in the month of July, according to a report released by MNI Indicators on Friday. MNI Indicators said its Chicago business barometer slid to 52.1 in July from 56.0 in June. While a reading above 50 still indicates growth, economists had expected the barometer to show a more modest dip to 55.0.
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1049 days ago
U.S. Personal Income Climbs 0.6% In June, Slightly More Than Expected
A report released by the Commerce Department on Friday showed personal income in the U.S. increased by slightly more than expected in the month of June. The Commerce Department said personal income climbed by 0.6 percent in June following an upwardly revised 0.6 percent advance in May.
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1049 days ago
Meridian Bioscience Gets FDA Re-authorization Of EUA For Revogene SARS-CoV-2 Molecular Assay
Diagnostic testing provider Meridian Bioscience, Inc. (VIVO) announced Friday that it received re-authorization of its Emergency Use Authorization (EUA) for the Revogene SARS-COV-2 molecular assay from the U.S. Food and Drug Administration (FDA).
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1049 days ago
Omeros Says FDA Grants Orphan Drug Designation To MASP-3 Inhibitor OMS906
Omeros Corp (OMER) announced Friday that OMS906 has received orphan drug designation from the U.S. Food and Drug Administration (FDA) for the treatment of paroxysmal nocturnal hemoglobinuria (PNH).
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1049 days ago
Canadian Shares Seen Opening Higher
Canadian shares are likely to open higher on Friday, tracking positive cues from European markets and higher crude oil and bullion prices.
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1049 days ago
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