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Forex News
TSX Ends Lower For 6th Straight Day, Settles Near 1-year Low
The Canadian market ended weak on Wednesday, extending losses to a sixth straight day, and the longest losing streak in four months, amid concerns about interest rates and the outlook for economic growth.
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574 days ago
Swiss Market Ends Marginally Up On Late Buying
After languishing in negative territory, the Swiss market briefly moved into positive zone around mid afternoon on Wednesday, but faltered soon before rallying in the final hour to end the day's session with a marginal gain.
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574 days ago
Major European Markets Close Slightly Higher
The major European stocks closed slightly higher on Wednesday with investors largely digesting quarterly earnings updates, and making cautious moves amid concerns about the outlook for interest rates, and worries about geopolitical tensions amidst reports of an imminent ground invasion of Gaza by Israel.
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574 days ago
Canadian Dollar Weakens As BoC Leaves Rate Unchanged
The Canadian dollar dropped against its major counterparts in the New York session on Wednesday, as the Bank of Canada kept its benchmark interest rate unchanged as expected.
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574 days ago
Canadian Market Recovers After Mild Setback
Canadian stocks have recovered after a weak start and are moderately higher in later morning trades on Wednesday, supported by gains in industrials and consumer staples sectors.
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574 days ago
U.S New Home Sales Surge To 19-Month High In September
After reporting a steep drop in new home sales in the U.S. in the previous month, the Commerce Department released a report on Wednesday showing new home sales rebounded by much more than expected in the month of September. The Commerce Department said new home sales soared by 12.3 percent to an annual rate of 759,000 in September.
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574 days ago
Bank Of Canada Leaves Rates Unchanged, Warns Further Increases May Be Needed
In a widely expected move, the Bank of Canada on Wednesday announced that it has decided to leave interest rates unchanged. The Canadian central bank attributed the decision to clearer signs that monetary policy is moderating spending and relieving price pressures.
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574 days ago
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Boeing Q3 Loss Narrows, Core Loss Misses View, Cuts 737 Delivery Forecast
Aerospace and defense giant Boeing Co. reported Wednesday narrower net loss in its third quarter, benefited by higher revenues. Meanwhile, core loss was wider than expected. Further, the company trimmed its forecast for 737 airplane deliveries, amid production issues. Boeing shares were gaining around 3 percent in the early morning trading on the NYSE.
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574 days ago
U.S. Dollar Higher Against Majors
The U.S. dollar appreciated against its major counterparts in the European session on Wednesday, as better-than-expected PMI data suggested that the Federal Reserve will maintain a hawkish stance on interest rates.
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574 days ago
German Business Confidence Brightens In October - Ifo
Business sentiment in Germany brightened slightly in October but the modest improvement after a few months of easing failed to calm the fears of recession, a survey by the ifo institute showed on Wednesday. The ifo business climate index rose to 86.9 in October from 85.8 in the previous month, survey results from the Munich-based think tank said. The reading was well above economists' forecast
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574 days ago
Bay Street Likely To Open On Subdued Note
Canadian shares are likely to open on a subdued note on Wednesday, tracking mixed global cues, and sluggish commodity prices. The focus will be on the Bank of Canada's interest rate decision due a little after the commencement of the session.
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574 days ago
Sensex, Nifty Extend Declines On Middle East Worries
Indian shares fell sharply on Wednesday as investors pondered over global recession risks and rising geopolitical tensions in the Middle East.
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574 days ago
Deutsche Bank Q3 Pre-tax Profit Rises, Sees Revenue Growth In FY23; Stock Up
Deutsche Bank AG shares were gaining around 7 percent in the morning trading in Germany as well as in pre-market activity on the NYSE after the German banking major on Wednesday reported higher pre-tax profit in its third quarter, the highest for any third quarter since 2006, driven by revenue strength. On an after tax basis, profit declined.
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574 days ago
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