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DAX Slips Amid Energy Supply Crunch
(RTTNews) - German stocks fell sharply on Monday as a supply squeeze fueled Europe's worst energy crunch in decades.
As Russia turns off Nord Stream 1, the biggest single pipeline carrying Russian gas to Germany for annual maintenance, Germany has warned that Moscow could halt gas flows permanently.
Flows are expected to stop for 10 days, but it is feared that the shutdown might be extended due to war in Ukraine.
Worries about fresh COVID-19 curbs in China also stoked worries about global growth. As cases of COVID-19 continue to rise in nine provinces in China, experts blame food packaging as a risk factor.
The benchmark DAX dropped 112 points, or 0.9 percent, to 12,903 after climbing 1.3 percent on Friday.
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Indonesia Retail Sales Data Due On Monday
Indonesia will on Monday release July figures for retail sales, highlighting a light day for Asia-Pacific economic activity. In June, sales were up 1.9 percent on year.
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49 минут назад
Canadian Dollar Falls Against Most Majors
The Canadian dollar dropped against its most major counterparts in the New York session on Friday.
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2 дней спустя
Canadian Market Modestly Higher; Technology Stocks Among Notable Gainers
The Canadian market is up in positive territory Friday afternoon with investors largely reacting to quarterly earnings announcements, and the nation's jobs data, in addition to weighing the impact of tariffs on global economic growth.
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2 дней спустя
Swiss Market Ends Marginally Up
The Switzerland market ended marginally up on Friday despite exhibiting weakness for much of the time past noon. Investors continued to react to earnings and assess the economic impact of reciprocal tariffs, and stayed largely cautious with their moves.
A report showing a drop in Swiss consumer confidence in the month of July hurt sentiment.
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2 дней спустя
Major European Markets Close On Mixed Note
Major European markets turned in a mixed performance on Friday with investors largely staying cautious, assessing the impact of tariffs on global economic growth, and continuing to digest corporate earnings announcements and other data.
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2 дней спустя
Positive Start Seen For Canadian Stocks
Canadian stocks may edge up a bit in early trades Friday morning with some encouraging earnings announcements and firm commodity prices aiding sentiment.
Investors will also be reacting to the data showing a 41,000 jobs drop in Canadian employment in the month of July. Data from Statistics Canada also showed that the unemployment rate in Canada came in unchanged at 6.9%.
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2 дней спустя
UK Market Roughly Flat; Mining Stocks Move Higher
Amid a lack of economic and earnings data, U.K. stocks are moving in a tight range in somewhat lackluster trade on Friday. Investors are assessing the potential impact of the Trump administration's reciprocal tariffs on global economic growth. Optimism about a rate cut by the Fed next month is aiding sentiment a bit.
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2 дней спустя
CAC 40 Climbs Higher For 3rd Straight Day
French stocks are modestly higher on Friday, extending gains to a third straight session, with mostly encouraging corporate earnings announcements aiding sentiment.
Concerns about the potential impact of Trump's reciprocal tariffs limit market's upside a bit.
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2 дней спустя
