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Canadian Market Down Sharply On Heavy Selling As Trump's Tariffs Hurt Sentiment
Canadian stocks are deep down in the red on Thursday, hurt by U.S. President Donald Trump's sweeping tariff announcement that is likely to trigger a global trade war, which could push up inflation and hinder economic growth.
The benchmark S&P/TSX Composite Index, which crashed to 24,429.24, losing about 880 points, was down 737.43 points or 2.91% at 24,569.75 a little while ago.
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61 일 전
U.S. Services Index Drops To Nine-Month Low In March
U.S. service sector growth slowed by more than anticipated in the month of March, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI fell to 50.8 in March after inching up to 53.5 in February. While a reading above 50 still indicates growth, economists had expected the index to show a more modest decrease to 53.0.
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61 일 전
U.S. Trade Deficit Shrinks From Record High As Exports Surge
The Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed in the month of February after soaring to a record high in January. The report said the trade deficit decreased to $122.7 billion in February after spiking to a revised $130.7 billion in January.
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61 일 전
U.S. Weekly Jobless Claims Unexpectedly Dip To 219,000
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended March 29th. The report said initial jobless claims dipped to 219,000, a decrease of 6,000 from the previous week's revised level of 225,000.
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61 일 전
Euro Advances Against Majors
The euro strengthened against other major currencies in the European session on Thursday, as the U.S. dollar suffered due to concerns about the country's short-term economic prospects and the continuous imposition of tariffs on trading partners. The euro was also supported by economic data.
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61 일 전
Eurozone Private Sector Growth At 7-Month High
The euro area private sector growth accelerated to a seven-month high in March, adding to hopes of recovery in the currency bloc as the fiscal support planned by Germany is more likely to offset the threats caused by the U.S. tariffs, final results of the monthly purchasing managers' survey by S&P Global showed on Thursday.
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61 일 전
Bay Street Likely To Open Sharply Lower
Sharply lower U.S. and Canadian futures, weak European stocks and falling oil and bullion prices point to a gap down opening for the Canadian market on Thursday.
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61 일 전
more news
U.S. Trade Deficit Shrinks In February After Spiking To Record High
The Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed in the month of February after soaring to a record high in January.
RTTNews
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61 일 전
U.S. Weekly Jobless Claims Unexpectedly Edge Lower
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended March 29th.
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61 일 전
Euro Rises Against Majors
The euro strengthened against other major currencies in the European session on Thursday.
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61 일 전
FTSE 100 Sharply Lower As Trump's Tariff Announcement Hurts Sentiment
U.K. stocks are languishing in negative territory after a weak start Thursday morning amid fears of a global trade war after U.S. President Donald Trump announced steep "reciprocal tariffs" on major trading partners.
The British market's loss is somewhat less pronounced compared to other major European markets, as UK imports face a 10% tariff, half the 20% levy imposed on the European Union.
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61 일 전
Sensex, Nifty End Modestly Lower As IT Stocks Drag
Indian shares fell on Thursday after U.S. President Donald Trump announced a 10 percent universal tariff on most imported goods along with additional high tariffs on countries the U.S. considers "worst offenders" based on trade deficits and non-tariff barriers.
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61 일 전
CAC 40 Down Nearly 2.5% As Tumble On Trump's Tariff Announcement
French stocks are down sharply Thursday morning, mirroring losses in markets across Europe amid concerns about the impact of new tariffs announced by U.S. President Donald Trump.
It is feared that the new levies could fuel inflation and disrupt global supply chains, and lead to trade wars.
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61 일 전
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