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Japan Inflation Data Due On Friday
Japan will on Friday release May figures for consumer prices, highlighting a light day in Asia-Pacific economic activity. In April, overall inflation was up 0.4 percent on month and 2.5 percent on year, while core CPI climbed an annual 2.1 percent.
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Canadian Stocks Tumble On Recession Fears; TSX Falls To New 52-week Low
Canadian stocks tumbled on Thursday, pushing the benchmark S&P/TSX Composite Index to a new 52-week low, as rising possibility of a recession weighed on sentiment.
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Dollar Stays Firm Against Major Rivals
The U.S. dollar firmed against several major currencies on Thursday amid falling risk appetite due to rising possibility of a recession.
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Swiss Market Ends On Weak Note
The Switzerland stock market ended on a negative note on Thursday after staying weak right through the day's session amid persisting worries about inflation and slowing global growth.
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Norway Central Bank Hikes Policy Rate By 50 Bps
The Norwegian central bank joined several of its peers in delivering a bigger than expected 50 basis point hike on Thursday amid the woes of high inflationary pressures and policymakers hinted that there will be another rate hike in August.
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European Stocks Close Lower Again On Recession Fears
After recovering from a weak start and even managing a brief spell in positive territory around early afternoon, European stocks fell and ended notably lower on Thursday, weighed down by fears about the possibility of a recession.
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UK Private Sector Logs Steady Growth In June
The UK private sector logged a better-than-expected growth in June but that was unchanged from the 15-month low seen in May, flash survey results from S&P Global showed on Thursday. The Chartered Institute of Procurement & Supply flash composite output index held steady at 53.1 in June, while the reading was expected to fall to 52.6. The score remained above the neutral 50.0.
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more news
U.S. Weekly Jobless Claims Edge Slightly Lower To 229,000
First-time claims for U.S. unemployment benefits edged slightly lower in the week ended June 18th, according to a report released by the Labor Department on Thursday. The report showed initial jobless claims dipped to 229,000, a decrease of 2,000 from the previous week's revised level of 231,000.
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CNS Pharma Says FDA Oks Protocol Amendment To PPivotal Global Trial Of Berubicin For GBM
Biopharmaceutical company CNS Pharmaceuticals, Inc. (CNSP) announced Thursday that it has received approval from the U.S. Food and Drug Administration (FDA) for its ongoing potentially pivotal global study evaluating the efficacy and safety of Berubicin compared with Lomustine (Gleostine) administered after first line therapy for the treatment of recurrent glioblastoma multiforme (GBM), one of the most aggressive types of brain cancer.
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U.S. Weekly Jobless Claims Edge Slightly Lower
First-time claims for U.S. unemployment benefits edged slightly lower in the week ended June 18th, according to a report released by the Labor Department on Thursday.
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Bay Street May Open Slightly Higher
Slightly higher U.S. and Canadian futures point to a positive start for the Canadian market Thursday morning. However, sluggish commodity prices and concerns about inflation and rate hikes are likely to render the mood cautious.
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Xperi Holding Boosts FY22 Revenues Outlook
Xperi Holding Corp. (XPER) announced Thursday a $10 million increase in both its annual revenue and operating cash flow guidance for 2022, primarily due to a recently resolved contract dispute with a customer.
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Euro Drops As Eurozone Business Activity Slows Sharply
The euro declined against its major counterparts in the European session on Thursday, as Eurozone business growth slowed sharply to a 16-month low in June as demand stalled and price pressures remained elevated.
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