Futures for Canada's commodity-heavy stock index rose on Friday, as a rise in gold prices and hopes of a pause in monetary tightening aided investor sentiment.
Verizon Communications Inc Chief Financial Officer and Executive Vice President Matt Ellis will leave the wireless carrier in May, it said on Friday amid several senior leadership changes.
The Pakistani rupee on Friday strengthened 2.38% in interbank closing at 278.46 rupees against the dollar, a day after the central bank raised its policy interest rate by 300 basis points (bps) to 20%, trading data showed.
U.S. equity funds saw huge money withdrawals in the seven days to March 1 on reinforced worries about the Federal Reserve's policy tightening after economic data pointed to stickier-than-expected inflation.
Shares of artificial intelligence-based (AI) product makers zoomed in premarket trade, as a strong forecast by retail investor darling C3.ai Inc amplified an ongoing euphoria driven by the launch of OpenAI's ChatGPT.
The reward for holding U.S. stocks over Treasury bonds has not been this unattractive since 2004, possibly setting the stage for the sought-after 60/40 portfolio diversification to make a comeback after one of its worst years on record.
Analysts are sticking to their forecasts for a stronger Canadian dollar over the coming year, expecting an improved global economy and less central bank uncertainty that would boost the commodity-linked currency, a Reuters poll showed on Friday.
Investors poured more money into cash funds in the week to Wednesday than at any time since the depths of the pandemic in 2020, a report from BofA Global Research showed on Friday.
Global equity funds suffered their biggest weekly net selling in two months in the seven days to March 1 as global stocks fell after strong U.S. economic data stoked fears about further rises in interest rates.
U.S. stock index futures inched higher on Friday as Treasury yields took a breather from a week-long rally, which was sparked by worries that the Federal Reserve would keep interest rates higher for longer to tame stubborn inflation.
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