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Major European Markets Pare Early Losses, Settle On Mixed Note
After staying well below the flat line till about an hour past noon on Monday, European stocks recovered some lost ground after Iran announced the end of its military operation against Israel, raising hopes of a potential de-escalation in the wider U.S.-Iran war.
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94 days ago
Canadian Market Up Firmly In Positive Territory Despite Coming Off Early Highs
Despite paring some early gains, the Canadian market remains firmly up in positive territory a little past noon on Monday thanks to strong gains in energy, materials and technology sectors. The mood in the market is positive amid hopes of a potential de-escalation in the wider U.S.-Iran war after Iran said its first wave of attacks on Israel had ended.
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94 days ago
Dollar Surged Last Week Amidst Middle East Uncertainty, Strong US Payrolls
The U.S. Dollar rebounded against major currencies during the week ended June 5 amidst the persisting uncertainty surrounding the Middle East peace process as well as the strong jobs data from the U.S. that boosted bets of a Fed rate hike.
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94 days ago
Canadian Stocks Seen Turning In Mixed Performance
Canadian shares are likely to turn in a mixed performance on Monday with investors following Middle East news and reacting to the trend in the commodities markets. Iran-Israel strikes could weigh on sentiment and limit market's upside.
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95 days ago
Germany Factory Orders Fall More Than Forecast
Germany's factory orders declined more than expected in April as frontloading effects diminished, data from Destatis revealed Monday. Factory orders logged a monthly fall of 3.8 percent in April, in contrast to the revised 4.5 percent increase in March and 1.6 percent rise in February. This was the first decline since January, when orders were down 11.5 percent.
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95 days ago
Tate & Lyle Stock Up On $3.6 Bln Cash Deal To Be Bought By Ingredion
Shares of Tate & Lyle Plc were gaining around 14% on the London Stock Exchange after the British sweetener and food solutions firm announced Monday its agreement to a 595 pence per share all-cash deal to be bought by U.S. food ingredients maker Ingredion Inc. The cash consideration values Tate & Lyle at around 2.7 billion pounds or $3.6 billion, with an implied enterprise value of...
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95 days ago
Eurozone Investor Sentiment Improves For Second Month
Eurozone investor confidence improved for the second straight month in June, signalling economic stabilization to continue over the coming months, survey data from the behavioral research institute Sentix showed Monday. The investor sentiment index rose more-than-expected to -13.4 in June from -16.4 in May. The score was forecast to rise to -13.8.
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95 days ago
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FTSE 100 Pares Early Losses, Up Marginally
The UK stock market's benchmark index FTSE 100 fell on Monday as stocks shed ground amid concerns about escalating geopolitical tensions following Israel and Iran exchanging missile strikes.
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95 days ago
Indian Shares Tumble On Middle East Tensions
Indian shares fell sharply on Monday, mirroring weak cues from global markets as Middle East worries persisted and robust U.S. jobs data led traders to ramp up bets on a Federal Reserve rate hike this year.
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95 days ago
Antipodean Currencies Fall Amid Risk-off Mood
The antipodean currencies such as the Australia and New Zealand dollars weakened against other major currencies in the Asian session on Monday, as Asian stock markets traded lower hurt by tumbling technology stocks which mirrored their peers on tech-heavy Nasdaq amid concerns about valuations. Additional weakness came from escalating Middle East conflict after reports that Iran launched missiles at Israel, raising doubts over the durability of the already fragile US-Iran ceasefire.
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95 days ago
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the European session on Monday.
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95 days ago
CAC 40 Down Nearly 0.5% At Noon
French stocks drifted lower on Monday as tensions in the Middle East, rising oil prices and fears of monetary tightening by the Federal Reserve rendered the mood bearish.
Recent data showing stronger-than-expected non-farm payroll growth in the U.S. has raised concerns the Federal Reserve will hike interest rate this year.
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95 days ago
Gold Dips Below $4,300 On Rate Hike Concerns
Gold prices fell below $4,300 an ounce on Monday as Middle East worries persisted and robust U.S. jobs data led traders to ramp up bets on a Federal Reserve rate hike this year.
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95 days ago
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