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  • BREAKING: CEO says AstraZeneca likely to run new global trial of COVID-19 vaccine

Dollar Extends Weak Spell

The U.S. dollar was weak against most of its peers on Friday, as the currency's safe-haven appeal lost some sheen again amid continued improvement in risk sentiment thanks to optimism about coronavirus vaccines. The likelihood of a fiscal stimulus in the U.S. and recent weak economic data also weigh

Swiss Market Edges Up Marginally

Despite spending most of the day's session in the red, the Switzerland stock market ended slightly up on Friday. Amid persisting worries about coronavirus infections and uncertainty about AstraZeneca's Covid-19 vaccine getting a quick nod from the U.S. and European drug regulators, the mood in the m

Treasuries Move Higher Amid Vaccine Uncertainty

With trading resuming following the Thanksgiving Day holiday, treasuries moved to the upside on Friday after ending Wednesday's trading nearly unchanged. Bond prices moved steadily higher over the course of the shortened trading session. Subsequently, the yield on the benchmark ten-year note, which

U.S. Stocks Move Mostly Higher During Abbreviated Session

While trading activity was somewhat subdued following the Thanksgiving Day holiday, stocks moved mostly higher during an abbreviated session on Friday. With the upward move, the Nasdaq and S&P 500 reached new record closing highs. The major averages all closed in positive territory, although the

European Markets Close Modestly Higher

Despite some disturbing reports on the vaccine front, European markets closed higher on Friday, although buying interest remained somewhat subdued. Encouraging data on China's industrial profits contributed a bit to the modest uptick in the European markets. Investors were also digesting news that q

India GDP Contraction Slows, Economy Enters Recession

India's economic contraction slowed sharply in the September quarter, but the economy entered a technical recession due to the impact of the harsh lockdown imposed to curb the spread of the coronavirus, or Covid-19, pandemic. Gross domestic product fell 7.5 percent year-on-year, data from the statis

U.S. Stocks Move Mostly Higher, Nasdaq Posting Strong Gain

Following the Thanksgiving Day holiday on Thursday, stocks have moved mostly higher in morning trading on Friday. The major averages have all moved to the upside, with the tech-heavy Nasdaq showing a particularly strong advance. The Nasdaq reached a new high for the session in recent trading and is

Finland Q3 Growth Revised Up

Finland's economy exited recession in the third quarter and expanded at a faster than expected pace, latest figures from Statistics Finland showed on Friday. Gross domestic product grew a seasonally adjusted 3.3 percent from the previous quarter, the latest figures showed, versus the initial estimat

Pound Weakens Amid Brexit Concerns

The pound dropped against its major rivals in the European session on Friday, as Brexit talks remained deadlocked over issues related to fisheries, state aid and future dispute resolution. Brexit trade talks will resume in London this weekend, as negotiators are racing to strike a deal before the ex

U.S. Stocks May Open Higher In Abbreviated Trading Session

Stocks may move to the upside in early trading on Friday as traders return to their desks following the Thanksgiving Day holiday on Thursday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 55 points. The markets may continue to benefit fro

Trump Says He Will Leave If Electoral College Confirms Biden's Victory

President Donald Trump has signaled that he will leave the White House if the Electoral College formally confirms Joe Biden as the winner of the presidential election. Answering questions from reporters for the first time since the November 3 election, Trump said, "Certainly I will, and you know tha

Wall Street To Open Moderately Positive

Trading activity on Friday is projected to be lean on the absence of major economic announcements. Concerns on the efficacy of the Oxford University/AstraZeneca vaccine might have an influence on investor sentiments. President Trump has told reporters that he is prepared to leave the White House has

Asian Shares Move Mostly Higher In Cautious Trading

Asian stocks fluctuated before finishing mostly higher on Friday after questions were raised about the efficacy of the coronavirus vaccine being developed by Oxford University and AstraZeneca, and the British pharmaceutical giant said it would likely run a new global trial. Some experts said the con

India Enters Recession In Sep Qtr

India's economy entered a recession in the September quarter though the pace of contraction slowed markedly due to the relaxation of lockdown measures, official data revealed Friday. Gross domestic product fell 7.5 percent year-on-year, slower than the record 23.9 percent contraction posted in the J

Sweden Retail Sales Rise; Trade Balance Swings To Surplus

Sweden's retail sales grew the most in eight months in October, and the trade balance swung to a surplus, figures from Statistics Sweden showed on Friday. Retail sales rose 3.6 percent year-on-year in October, following a 2.7 percent increase in September. The latest growth in sales was the highest

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