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Forex News
Canadian Market Set For Another Weak Close
The Canadian market is on course to end on a weak note on Thursday, extending recent losses, as stocks from across several sectors are reeling under sustained selling pressure amid rising fears about a possible recession.
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1078 days ago
Swiss Market Ends On Weak Note On Growth Concerns
The Switzerland stock market ended on a weak note on Thursday, in line with markets across Europe, as worries about rising inflation and tighter policy stance of the central banks rendered the mood bearish.
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1078 days ago
European Stocks Close Sharply Lower On Growth Worries
European stocks tumbled on Thursday as concerns about inflation and interest rate hikes triggered heavy selling across various sectors in most of the markets in the region.
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1078 days ago
Chicago Business Barometer Drops To Nearly Two-Year Low In June
MNI Indicators released a report on Thursday showing growth in Chicago-area business activity slowed by more than expected in the month of June. The report showed the Chicago business barometer slumped to 56.0 in June from 60.3 in May. While a reading above 50 still indicates growth, economists had expected the business barometer to dip to 58.0.
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1078 days ago
Riksbank Lifs Interest Rate By 50 Bps; More Hikes To Follow
Sweden's central bank raised its interest rate by half a percentage point on Thursday and signaled further tightening this year as inflation is forecast to remain above 7 percent throughout this year. The Executive Board of Riksbank decided to lift the policy rate by 50 basis points to 0.75 percent from 0.25 percent.
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1078 days ago
U.S. Dollar Appreciates On Growth Worries
The U.S. dollar climbed against its most major counterparts in the European session on Thursday, as European stocks fell on growing concerns about an economic downturn as central bank chiefs across the world emphasized their commitment to control inflation despite the risks to the economy.
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1078 days ago
U.S. Personal Income Increases 0.5% In May, In Line With Estimates
Personal income in the U.S. increased in line with economist estimates in the month of May, according to a report released by the Commerce Department on Thursday. The report showed personal spending rose by 0.5 percent in May, matching the revised increase seen in April as well as expectations.
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1078 days ago
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U.S. Weekly Jobless Edge Down To 231,000
A report released by the Labor Department on Thursday showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended June 25th. The Labor Department said initial jobless claims slipped to 231,000, a decrease of 2,000 from the previous week's revised level of 233,000.
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1078 days ago
U.S. Initial Jobless Show Modest Decrease In Week Ended 6/25
A report released by the Labor Department on Thursday showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended June 25th.
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1078 days ago
U.S. Personal Income Increases In Line With Estimates In May
Personal income in the U.S. increased in line with economist estimates in the month of May, according to a report released by the Commerce Department on Thursday.
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1078 days ago
Bay Street Seen Opening Notably Lower
Sharply lower U.S. and Canadian futures and weak European markets point to a gap down opening for stocks on Bay Street on Thursday.
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1078 days ago
Ardelyx To Receive Up To $20 Mln Financing Deal With HealthCare Royalty Partners
Biopharmaceutical company Ardelyx, Inc. (ARDX) announced Thursday that the company may receive up to $20 million from HealthCare Royalty Partners from the sale of its future royalties and sales milestones from Kyowa Kirin Co., Ltd., its collaboration partner in Japan for the commercialization of tenapanor for hyperphosphatemia.
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1078 days ago
German Unemployment Rises Unexpectedly
German unemployment increased unexpectedly in June as the Ukrainian refugees are added in job centers as people searching for jobs, official data showed on Thursday. The number of people out of work increased sharply by 133,000 from May, when employment declined by 5,000, data published by the Federal Employment Agency reported. Economists had forecast another fall of 6,000.
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1078 days ago
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