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Canadian Market Moderately Higher As Materials Stocks Rise
Canadian stock market is up firmly in positive territory a little past noon on Friday, supported by gains in materials, financials and consumer discretionary sectors. Investors are reacting to some corporate earnings updates and the latest batch of Canadian economic data.
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48 days ago
U.S. New Home Sales Rebound In June, Annual Rate Exceeds Estimates
A report released by the Commerce Department on Friday showed new home sales in the U.S. rebounded in the month of June after falling sharply in the previous month. The Commerce Department said new home sales jumped by 1.6 percent to an annual rate of 628,000 in June after tumbling by 4.3 percent to a revised rate of 618,000 in May.
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48 days ago
Verizon Lifts FY26 View Despite Weak Q2, Expands Buyback To Up To $4.5 Bln; Shares Up
Shares of Verizon Communications Inc. were gaining around 3 percent in the morning trading on the NYSE, after the telecom major on Friday lifted its fiscal 2026 outlook for adjusted earnings and mobility and broadband service revenue growth view. This was despite reporting weak profit in the second quarter with slightly lower revenues. The firm also expanded its full-year share buyback target to u
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48 days ago
Eurozone Private Sector Expands For First Time In 4 Months
Eurozone private sector expanded for the first time in four months in July on renewed growth in new orders, flash survey results from S&P Global showed Friday. The flash composite output index hit a five-month high of 51.9 in July compared to 50.0 in June. The expected reading was 50.3.
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48 days ago
Positive Start Likely On Bay Street; Earnings, Economic Data In Focus
Higher Canadian and U.S. futures and fairly steady bullion prices point to a positive start on Bay Street Friday morning. However, persisting worries about the ongoing Middle East conflict may hurt sentiment and limit market's upside. Weak oil prices could weigh on energy stocks.
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48 days ago
Pound Rises After Upbeat UK Retail Sales Data
The British pound strengthened against other major currencies in the European session on Friday, after U.K retail sales grew unexpectedly in June as warm weather boosted outdoor product sales.
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48 days ago
FTSE 100 Up Marginally On Earnings, Encouraging Retail Sales Data
The UK stock market gained modest ground in positive territory on Friday with weak crude oil prices and data showing an unexpected rise in retail sales in the country aiding sentiment. Some positive corporate updates contributed as well to market's rise.
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48 days ago
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CAC 40 Modest Higher On Strong PMI Data
After a slightly weak start, France's equity benchmark CAC 40 climbed modestly higher on Friday as oil prices fell and preliminary data from S&P Global showed an improvement in French private sector activity in the month of July.
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48 days ago
Indian Shares End Lower For Fifth Day
Indian shares ended lower on Friday, with key benchmark indexes extending losses for a fifth consecutive session, as an escalating conflict in the Middle East disrupted key oil shipping routes and the Trump administration imposed 10 percent tariffs on Indian imports, citing forced labor issues.
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48 days ago
Strong Corporate Earnings, Weak Oil Prices Lift German Market
Despite lingering concerns about Middle East tensions, German stocks climbed higher on Friday, pulling the benchmark DAX up from a near four-week low, thanks to some upbeat earnings and preliminary PMI data. A sharp drop in oil prices contributed as well to market's recovery.
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48 days ago
German Consumer Sentiment To Fall In August
German consumer confidence declined in August as income expectations fell and savings willingness increased, according to the NIM Consumer Climate powered by GfK. The forward-looking index dropped to -29.6. Explore the key drivers behind this shift in consumer sentiment.
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48 days ago
Gold Edges Up After Selloff
Gold edged up slightly on Friday as oil prices slipped from recent highs above $100 a barrel and the U.S. dollar remained weak despite rising bond yields on inflation concerns.
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48 days ago
Oil Prices Slip From Two-month Highs
Oil prices edged lower on Friday after storming back above $100 a barrel the previous day on fears of a wider Middle East conflict following Houthi attacks on tankers in the Red Sea.
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48 days ago
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