Forex News
TSX Ends Notably Higher, Gains 0.7% In Week
The Canadian market ended on a firm note on Friday, lifted by strong gains in materials and energy sectors as commodity prices climbed higher amid rate cut bets and optimism about outlook for demand.
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1 day ago
Dollar Retreats After Early Gains
The U.S. dollar climbed higher in the European session on Friday, extending gains from the previous session, but retreated later and stayed somewhat subdued thereafter and shed ground against its counterparts amid bets the Federal Reserve will start cutting interest rates from September.
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1 day ago
Swiss Market Ends On Firm Note Again
Swiss stocks turned in a fine performance on Friday, extending gains from the previous session, as some encouraging earnings updates and possibility of another rate cut from the Swiss National Bank helped underpin sentiment.
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1 day ago
Major European Markets Close Weak On Interest Rate Concerns
The major European stocks closed lower on Friday, drifting down for a second straight session, on concerns the Federal Reserve will likely keep interest rates higher for a longer time. Some disappointing earnings updates hurt as well.
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1 day ago
U.S. Dollar Lower On Rate Cut Expectations
The U.S. dollar declined against its major counterparts in the New York session on Friday on growing expectations that the U.S. Federal Reserve could start cutting interest rates as early as September.
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1 day ago
Canadian Market Up In Positive Territory; Materials Shares Rally
The Canadian market is up in positive territory on Friday, supported by strong gains in materials shares, which are moving up on firm metal prices.
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1 day ago
U.S. Leading Economic Index Decreases More Than Expected In April
Suggesting softer economic conditions lay ahead, the Conference Board released a report on Friday showing a continued decrease by its reading on leading U.S. economic indicators in the month of April. The Conference Board said its leading economic index fell by 0.6 percent in April after dipping by 0.3 percent in March. Economists had expected the index to decrease by another 0.3 percent.
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1 day ago
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Elon Musk Says Twitter's Official Rebranding As X Complete
Billionaire Elon Musk announced that his social media platform, formerly known as Twitter, has completed its rebranding as X. In a post on his social media account, Musk said, "All core systems are now on http://X.com." At the bottom of the X login page, a message reads as "We are letting you know that we are changing our URL, but your privacy and data protection settings remain the same."
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1 day ago
Bay Street Likely To Open Mixed
Canadian shares may open on a mixed note Friday morning, and are likely to largely move in a tight band amid a lack of fresh triggers.
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1 day ago
China Industrial Output Gains Strength; Retail Sales & Investment Data Disappoints
China's industrial growth accelerated in April driven by robust exports but softening growth in retail sales and fixed asset investment reflects an uneven economic recovery necessitating more efforts from the part of the government to achieve the official growth target. Industrial production registered an annual increase of 6.7 percent after rising 4.5 percent in March.
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1 day ago
Calibre Mining Announces Resignation Of David Splett As CFO
Calibre Mining Corp. (CXBMF, CXB.V) announced Friday the resignation of Senior Vice President and Chief Financial Officer David Splett, effective July 31, 2024. Splett served as CFO of Calibre since the end of November 2021.
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1 day ago
Sensex, Nifty End Modestly Higher Despite Weak Global Cues
Indian shares recovered from a weak opening to end slightly higher on Friday.
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1 day ago
Reddit Stock Climbs On OpenAI Deal
Shares of Reddit Inc. were gaining around 14 percent in the pre-market activity on the New York Stock Exchange after the social media company announced a deal with artificial intelligence or AI startup OpenAI, the developer of highly popular generative AI chatbot ChatGPT. The deal will bring Reddit's content to ChatGPT and its products. OpenAI will also become a Reddit advertising partner.
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1 day ago