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Japan GDP Data Due On Tuesday
(RTTNews) - Japan will on Tuesday release preliminary Q4 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity. GDP is expected to expand 0.5 percent on quarter and 2.0 percent on year after sinking 0.2 percent on quarter and 0.8 percent on year.
Japan also will see final December numbers for industrial production; previous, industrial production eased 0.1 percent on month and capacity utilization fell 1.4 percent on month.
Australia will see February results for the consumer sentiment index from Westpac and January's business confidence survey from NAB. In January, the consumer sentiment index jumped 5.0 percent, while the business confidence index survey had a score of +12 in December.
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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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5h 43min 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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9h 53min 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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10h 10min 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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10h 49min 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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14h 33min 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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14h 40min 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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14h 59min ago
Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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15h 2min ago
