Berita Valas
TSX Snaps 8-day Winning Streak, Ends Modestly Lower
Despite data showing a drop in the nation's inflation in the month of July, the Canadian market snapped an eight-session winning streak and ended on a weak note on Tuesday, weighed down by losses in the energy sector.
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Dollar Remains Weak On Rate Cut Bets
The U.S. dollar weakened against its major counterparts on Monday with investors awaiting the minutes from the Federal Reserve's July meeting, and Fed Chair Jerome Powell's speech at the annual Jackson Hole Economic Symposium.
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U.S. Dollar Weakens Ahead Of Powell's Speech
The U.S. dollar moved down against its major counterparts in the New York session on Tuesday, as investors await the Federal Reserve's annual Jackson Hole Economic Symposium, where Chair Jerome Powell is scheduled to deliver a speech on Friday.
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Swiss Market Fails To Hold Early Gains, Ends Marginally Down
The Switzerland market failed to hold early gains and settled slightly weak on Tuesday as investors made cautious moves, looking ahead to the release of Fed minutes and Fed Chair Jerome Powell's speech at Jackson Hole Economic Symposium.
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European Markets Close Lower
European markets ended lower on Tuesday, weighed down mostly by losses in the energy sector. The mood remained a bit cautious amid uncertainty about the outlook for economic growth in the region, and possible interest rate moves by major central banks.
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Canadian Market Moderately Lower As Energy Stocks Fall
Despite soft inflation data raising prospects of another rate cut by the Canadian Central Bank, the Bay Street is languishing in negative territory after a somewhat sluggish start Tuesday morning, weighed down by losses in energy section due to declining oil prices.
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EU To Impose Countervailing Duty Of 9% On Tesla's China-made BEVs
The European Commission is disclosed its draft decision to impose countervailing duties of up to 36.3 percent on imports of battery electric vehicles (BEVs) from China. The Commission said the unfair subsidization is causing a threat of economic injury to BEV producers in the European Union.
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Berita lainnya
GM To Cut More Than 1,000 Software Jobs
Auto major General Motors is laying off more than 1,000 salaried employees in its software and services division across the world, mostly in the U.S., with a view to streamlining its operations, reports said. In the proposed layoffs of software engineers, more than 600 will be at GM's tech campus in Michigan. The job cuts represent about 1.3 percent of GM's global salaried workforce...
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Bay Street Seen Opening With Positive Bias
Canadian shares may open with a positive bias Tuesday morning, reacting to the nation's inflation data, and higher gold prices. However, with the Fed minutes due on Wednesday and Fed Chair Jerome Powell's speech due on Friday, the mood is likely to remain a bit cautious.
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781 hari yang lalu
XPeng Q2 Net Loss Sharply Narrows On Strong Revenues; Sees Q3 Revenue Growth
XPeng Inc. (XPEV), a Chinese smart electric vehicle company, reported Tuesday that its second-quarter net loss attributable to ordinary shareholders was RMB1.28 billion or $0.18 billion, narrower than last year's loss of RMB2.80 billion.
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781 hari yang lalu
Swedish Krona Rises To More Than 5-month High Against U.S. Dollar
The Swedish krona strengthened against the U.S. dollar in the European session on Tuesday.
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781 hari yang lalu
Lowe's Q2 Profit Tops View, Cuts FY24 Outlook Below Market
Home improvement major Lowe's Companies, Inc. on Tuesday trimmed its fiscal 2024 earnings and sales outlook below market estimates after reporting weak results in its second quarter. However, the quarterly earnings per share beat the Street view. The company attributed lower-than-expected DIY sales and a pressured macroeconomic environment for the downward revision in annual forecast.
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781 hari yang lalu
Riksbank Cuts Policy Rate By 25 Bps, Signals More Reductions Ahead
Sweden's central bank lowered its key policy rate by a quarter-point as inflation continued to ease amid weakening growth prospects, and signaled as much as three more interest reductions this year. The Executive Board of Riksbank decided to cut the policy rate by 25 basis points to 3.50 percent. Previously, the bank had lowered its policy rate in May, which was the first cut since February 2016.
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781 hari yang lalu
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