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TSX Ends Slightly Lower
Despite a strong rally in the materials sector, the Canadian market ended in negative territory on Monday as shares from healthcare, consumer staples and energy sectors shed ground due to sustained selling pressure.
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South Korea GDP Data Due On Tuesday
South Korea will on Tuesday release Q4 figures for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GDP is expected to rise 0.6 percent on quarter and 2.2 percent on year after adding 0.6 percent on quarter and 1.1 percent on year in the three months prior.
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Dollar Subdued Against Major Counterparts As Traders Await Key Data
The U.S. dollar was quite subdued on Monday with traders awaiting Federal Reserve Chair Jerome Powell's congressional testimony, and a slew of economic data, including reports on non-farm payroll and private sector employment, and the Beige Book.
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U.S. Stocks Close Weak After Cautious Session
After a weak start and a subsequent long spell in negative territory, U.S. stocks briefly managed to turn positive in the final hour, but failed to find support and ended marginally down on Monday.
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Canadian Market Up Marginally In Cautious Trade
Canadian stocks are turning in a mixed performance on Monday amid a cautious mood ahead of a slew of key economic data and the Bank of Canada's interest rate decision this week.
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Swiss Market Ends Marginally Down
After opening slightly below the flat line Monday morning, the Swiss market very nearly made it to positive territory around mid morning, but edged lower and eventually ended the day's session on a weak note.
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European Stocks Close Broadly Lower Ahead Of Key Data, ECB Policy
European stocks closed lower on Monday after a somewhat choppy session, as investors were a bit reluctant to make significant moves ahead of a slew of key economic data, and the European Central Bank's policy announcement this week.
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more news
Euro Climbs Before Key Risk Events
The euro was higher against its most major counterparts in the European session on Monday, as investors awaited cues from the U.K. Spring Budget, Fed Chair Jerome Powell's congressional testimony and the interest rate decision from the European Central Bank.
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Pound Spikes Up Against Majors
The pound moved up against its major counterparts in the European session on Monday.
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Quoin Pharma Says FDA Clears Recruitment Of Teen Subjects For Two Ongoing Clinical Trials For QRX003
Quoin Pharmaceuticals Ltd. (QNRX) announced Monday that the U.S. Food and Drug Administration (FDA) has cleared the recruitment of teen subjects aged 14 years and older into its two ongoing clinical trials for QRX003, which is being developed as a potential treatment for Netherton Syndrome (NS).
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Walgreens, CVS To Sell Abortion Pill Mifepristone Starting In March
Pharmacy majors Walgreens Boot Alliance Inc. and CVS Health Corp. will start selling abortion pill mifepristone this month at stores in several states where it is legal. Both companies have received certification from the U.S. Food and Drug Administration to dispense the pill at their retail pharmacies.
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Japan Govt Mulls Declaring End To Deflation - Kyodo
The Japanese government has began discussions over officially declaring an end to deflation, news agency Kyodo reported over the weekend, citing sources close to the matter. For this, the government will carefully examine the outcome of wage negotiations this spring and the inflation outlook, the report said.
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Cerence Appoints Daniel Tempesta To Succeed Tom Beaudoin As CFO
Cerence Inc. (CRNC) announced Monday that it has appointed Daniel Tempesta as its new Chief Financial Officer (CFO), effective March 18, 2024. Tempesta replaces Tom Beaudoin, who has served on Cerence's Board of Directors since October 2019 and as Cerence's CFO since May 2022.
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