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Dollar Turns In Mixed Performance Against Major Counterparts
The U.S. dollar turned weak Thursday morning after data showing a jump in jobless claims raised the prospect of interest rate cuts this year. However, it recovered as the day progressed and even managed to gain some ground against a few of its major counterparts.
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Canadian Market Retreats After Hitting New High, Ends Modestly Lower
After hitting a record high, the Canadian market retreated and ended on a weak note on Thursday, as traders chose to trim down positions ahead of crucial Canadian and U.S. jobs data.
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Swiss Market Ends On Firm Note After Soft Inflation Data
The Switzerland market ended on a firm note on Thursday with bulk of its gains coming in late afternoon trade thanks to some strong buying at several counters.
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European Stocks Close Mostly Higher
European stocks closed higher on Thursday with investors digesting Eurozone private sector and producer price inflation data, the minutes of European Central Bank's most recent policy meeting and Fed Chair Jerome Powell's comments on interest rate outlook, and awaiting the crucial U.S. non-farm payroll data due on Friday.
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U.S. Dollar Drops As Jobless Claims Rise More Than Expected
The U.S. dollar moved lower against its major counterparts in the New York session on Thursday, as strong jobless claims data raised the prospect of interest rate cuts this year.
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Canadian Market Moderately Higher At Noon
Consumer discretionary and healthcare stocks are in demand in the Canadian market, which is up in positive territory around noon on Thursday after a steady start.
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U.S. Trade Deficit Unexpectedly Widens To Largest Since Last April
A report released by the Commerce Department on Thursday showed the U.S. trade deficit unexpectedly widened in the month of February. The Commerce Department said the trade deficit increased to $68.9 billion in February from a revised $67.6 billion in January. Economists had expected the trade deficit to narrow to $67.0 billion from the $67.4 billion originally reported for the previous month.
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more news
EFFECTOR Reports Results Of Phase2 KICKSTART Trial Of Tomivosertib-Pembrolizumab In NSCLC
eFFECTOR Therapeutics, Inc. (EFTR) announced Thursday topline results from the primary analysis of the randomized Phase 2 KICKSTART trial which tested tomivosertib or placebo, each combined with pembrolizumab, as frontline treatment for patients with non-small cell lung cancer (NSCLC) with PD-L1 =50%.
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Cardio Diagnostics Inks Nationwide Telehealth Deal With Navierre
Cardio Diagnostics Holdings, Inc. (CDIO), an AI-driven precision cardiovascular medicine company, announced Thursday a strategic partnership with Navierre, an innovative digital health technology platform, to significantly expand access to Cardio Diagnostics' industry-leading, AI-enabled precision cardiovascular diagnostic tests.
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U.S. Weekly Jobless Claims Climb To Two-Month High
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended March 30th. With the bigger than expected increase, jobless claims reached their highest level since the week ended January 27th.
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Skipify In Partnership With Visa To Extend Reach And Capabilities Of Skipify's Connected Wallet
Fintech company Skipify announced Thursday its partnership with payments technology company Visa, Inc. (V) through the Visa Digital Commerce Program in its bid to reinvent the way consumers transact, leveraging cutting-edge technologies to simplify and accelerate the payment process.
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Cloud Software Group, Microsoft Ink 8-Year Strategic Partnership To Expand Collaboration
Cloud Software Group, Inc. and Microsoft Corp. (MSFT) announced Thursday they inked an eight-year strategic partnership agreement to strengthen the go-to-market collaboration for the Citrix virtual application and desktop platform and support the development of new cloud and AI solutions with an integrated product roadmap.
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ECB Policymakers Increasingly Confident Of Inflation Falling To 2% Target - Minutes
The European Central Bank's rate-setters were increasingly confident of inflation on track to reach the 2 percent target, but saw the need for patience even as they agreed the scope for an interest rate cut has strengthened, minutes of the March 6-7 policy session showed Thursday.
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