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European Economic News Preview: Eurozone Money Supply Data Due
(RTTNews) - The monetary developments in the euro area and consumer confidence survey results from France are the top economic news due on Wednesday.
At 2.00 am ET, Statistics Sweden is slated to publish foreign trade data for June. The trade balance showed a deficit of SEK 0.3 billion in May. At 2.45 am ET, France's statistical office INSEE is scheduled to issue consumer sentiment survey results for July. The consumer confidence index is forecast to rise to 86 from 85 in the previous month.
At 4.00 am ET, the European Central Bank releases euro area monetary aggregates for June. M3 is forecast to grow 1.0 percent annually after rising 1.4 percent in May.
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Canadian Dollar Eases Against Most Majors
The Canadian dollar retreated against its most major counterparts in the New York session on Friday.
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7h 42min ago
Swiss Market Ends Sharply Lower
The Switzerland market closed weak on Friday, tracking weak global cues after U.S. President Donald Trump's latest tariff moves raised fears of a global trade war.
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11h 52min ago
European Stocks Close Weak As Trade War Fears Hurt Sentiment
European stocks closed lower on Friday as trade war fears resurfaced after U.S. President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners.
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12h 9min ago
Canadian Market Remains Weak On Tariff Concerns
After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
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12h 48min ago
Bay Street Likely To Open Lower
Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
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16h 32min ago
Pound Falls As U.K. Economy Contracts For Second Straight Month
The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
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16h 39min ago
Wall Street Likely To Open On Weak Note
Lower futures and escalating fears of a global trade war point to a weak start for U.S. stocks Friday morning.
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16h 58min ago
Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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17h 1min ago
