Europes STOXX 600 Hits Record High on Recovery Optimism

Europes benchmark equity index hit a record high on Tuesday, recovering all of its pandemicdriven losses as investors bet on a speedy global economic recovery, spurred by bumper stimulus spending and COVID19 vaccination programmes. European traders returned from a long weekend to push the continentwide STOXX 600 index 0.9 higher at 436.16 points, surpassing its […]
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CAD Higher, USD Lower; IMF World Economic Outlook

Rates as of 0500 GMT Market Recap Oh dearCAD was the bestperforming currency yesterday, contrary to what some pundits notably me had expected. The usual relationship between USDCAD and oil prices broke down completely as oil fell I got it half right! but CAD rallied, nonetheless. The strong loonie was attributed to the general riskon […]
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Gold Prices under Pressure as Stocks Aim Higher after Easter

Gold futures traded slightly lower Monday morning after Easter, with a rise in yields and U.S. stocks perhaps undercutting bullish appetite for the haven metal after a report on Good Friday, when markets were mostly closed, showed a seasonally adjusted 916,000 jobs added in March, marking the best gain since August. Markets in Europe are closed […]
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