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TSX Ends Higher For 8th Straight Day
The Canadian market ended on a positive note on Tuesday, gaining for an eighth successive session, amid hopes the central bank will be less aggressive with its policy stance after data showed Canadian inflation dropped in December.
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Dollar Turns In Mixed Performance Against Major Counterparts
The U.S. dollar turned in a mixed performance against its major counterparts on Tuesday, with traders assessing the recent data from across the globe and speculating about the Bank of Japan's policy stance.
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Swiss Market Ends On Weak Note
After a weak start and a subsequent long spell in negative territory, the Switzerland stock market briefly emerged above the flat line in the final hour on Tuesday, but faltered again and ended the session on a weak note.
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European Stocks Recover In The Final Hour, Close Slightly Higher
Despite spending much of the day's session in negative territory, European stocks closed slightly higher on Tuesday thanks to brisk buying at several counters in the final hour.
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Canadian Market Up Marginally At Noon
The Canadian market is up marginally around noon on Tuesday with investors largely refraining from making significant moves despite data showing a drop in Canadian consumer price inflation in the month of December.
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New York Manufacturing Index Indicates Significant Contraction In January
New York manufacturing activity has seen a significant contraction in the month of January, according to a report released by the Federal Reserve Bank of New York on Tuesday. The New York Fed said its general business conditions plunged to a negative 32.9 in January from a negative 11.2 in December, with a negative reading indicating a contraction.
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Abbott Says FDA Oks Navitor TAVI System To Treat Severe Aortic Stenosis
Abbott Laboratories (ABT) announced Tuesday that the U.S. Food and Drug Administration (FDA) has approved the company's latest-generation transcatheter aortic valve implantation (TAVI) system, Navitor, to treat people with severe aortic stenosis who are at high or extreme risk for open-heart surgery.
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more news
U.S. CPI Readings Dominate Currency Market Movements
During the week January 9-13, the DXY depreciated from 103.91 to 102.20. The Dollar's bearish tilt provided a bullish prod to major currencies like the Euro, Pound, Yen etc.
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AIM ImmunoTech Inks Pancreatic Cancer Clinical Research Deals With AstraZeneca, Erasmus
Immuno-pharma company AIM ImmunoTech Inc. (AIM) announced Tuesday it has entered into an external sponsored collaborative clinical research agreement with Netherland-based Erasmus University Medical Center and AstraZeneca plc. (AZN, AZN.L).
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New York Manufacturing Index Unexpectedly Slides Further Into Negative Territory
New York manufacturing activity has seen a significant contraction in the month of January, according to a report released by the Federal Reserve Bank of New York on Tuesday.
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Loonie Rebounds Following Canada CPI
After the release of Canada consumer inflation for December at 8:30 am ET Tuesday, the loonie recovered against its major counterparts.
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German Economic Sentiment Strengthens On Favourable Energy Markets
Germany's economic sentiment turned positive in January for the first time in nearly a year, underpinned by more favorable energy market conditions, government energy price caps, and a better export situation as a result of China's current measures to lift Covid pandemic restrictions, survey results from ZEW research institute showed on Tuesday.
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Goldman Sachs Q4 Profit Plunges 69%, Misses Estimates
Goldman Sachs Group Inc. reported Tuesday that profit for the fourth quarter plunged 69 percent from last year, reflecting higher provisions for bad loans, 16 percent drop in net revenues and 11 percent higher operating expenses. Both earnings and quarterly revenues missed analysts' expectations.
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