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Forex News
TSX Ends More Than 1% Up
After a weak start and a subsequent recovery, the Canadian market slipped into negative territory around early afternoon on Friday, but gained in strength after that with stocks from industrials, financials, utilities and consumer staples attracting buyers.
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130 days ago
Dollar Rises Against Major Counterparts
The U.S. dollar climbed higher on Friday, extending gains from the previous session following U.S. President Donald Trump's announcement that the 25% tariffs on Canada and Mexico, and an additional 10% on China, will take effect early next week.
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130 days ago
German Inflation Steady At 2.3% In February
Consumer price inflation in Germany was unchanged in February, while the core price growth slowed as the cost of food increased strongly, preliminary data from the statistical office Destatis showed on Friday.
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130 days ago
Canadian Market Modestly Higher In Cautious Trade
The Canadian benchmark S&P/TSX Composite Index is modestly higher in late afternoon trades on Friday with stocks turning in a mixed performance.
Worries about U.S. tariffs and their potential impact on global economic growth appear to be weighing on sentiment. Investors are also digesting the nation's GDP report and U.S. PCE reading.
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130 days ago
Pound Retreats Amid Risk Aversion
The pound pulled back against its most major counterparts in the New York session on Friday, as risk sentiment dampened after a meeting between President Donald Trump and Ukrainian President Volodymyr Zelenskyy devolved into a shouting match.
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130 days ago
Swiss Market Ends On Firm Note
After a weak start and a subsequent recovery, the Swiss market struggled for direction till mid afternoon on Friday, but gained in strength thanks to some brisk buying at several counters in last ninety minutes of the day's session.
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130 days ago
CPSC Recalls: Gas Boilers, Bicycles, Wall Sconces, Window Shades, Baby Loungers, Pajama Sets
The U.S. Consumer Product safety Commission or CPSC has announced various recalls including gas boilers, triathlon bicycles, wall sconces, window shades, baby loungers, high chairs, pajama sets and robes, and avalanche transceivers, among others.
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130 days ago
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European Stocks Turn In Mixed Performance
European stocks turned in a mixed performance on Friday as investors amid uncertainty about the outlook for growth as the Trump Administration's fresh and stringent tariffs of 25% on goods from Canada and Mexico, and an additional 10% levy on Chinese imports are set to commence from next week.
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130 days ago
Chicago Business Barometer Jumps But Still Indicates Contraction In February
A report released by MNI Indicators on Friday showed its reading on Chicago-area business activity jumped by much more than expected in the month of February but continued to indicate contraction. MNI Indicators said its Chicago business barometer shot up to 45.5 in February from 39.5 in January. Economists had expected the Chicago business barometer to show a much more modest increase to 40.6.
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130 days ago
U.S. Consumer Prices Increases In Line With Estimates In January
Closely watched readings on U.S. consumer price inflation increased in line with economist estimates in the month of January, according to a report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in January, matching the increase seen in December as well as economist estimates.
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130 days ago
U.S. Consumer Price Inflation Data Matches Estimates In January
Closely watched readings on consumer price inflation increased in line with economist estimates in the month of January, according to a report released by the Commerce Department on Friday.
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130 days ago
France Inflation Lowest In 4 Years On Energy Prices
French inflation sunk to the lowest in four years in February due to a notable fall in electricity prices and the economy contracted for the first time since early 2023, official data showed Friday. Consumer price inflation was 0.8 percent in February compared to 1.7 percent in January, the statistical office INSEE said. This was the weakest since February 2021 and was also below forecast of 1.0
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130 days ago
German Unemployment Rises Less Than Expected
German unemployment increased only moderately in February but the economic weakness remained visible on the labor market, the Federal Employment Agency said Friday. The number of people out of work rose 5,000 in February, while economists had forecast a sharp increase of 14,000. Unemployment had increased 11,000 in January.
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130 days ago
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