The U.S. dollar was on the front foot on Thursday as receding concerns over the banking sector helped improve risk sentiment, with investors switching their attention to the Federal Reserve's battle against inflation. The dollar index, which measures the currency against six major peers, rose 0.097% at 102.73, after gaining 0.19% overnight.
Brazilian President Luiz Inacio Lula da Silva's inability to accompany a government mission to China frustrated meat industry lobbyists who had hoped his presence this week would help persuade Beijing to issue more export licenses for Brazilian companies, according to two sources, who spoke on condition of anonymity. Lula canceled his planned visit to China after being diagnosed with pneumonia.
* MSCI All-World index rises 1.2% * UBS rehires Ermotti to head merged unit. * Oil, gold dip. By Herbert Lash and Amanda Cooper. Global shares rose on Wednesday as the equity market took heart from greater stability in the banking sector, but most Treasury yields edged higher as uncertainty lingered and bond investors gauged the impact of rising interest rates on economic growth.
Ratings agency Moody's said on Wednesday it expects risks to the sovereign credit profile of the United States to be limited from the recent turmoil in the country's banking sector unless those strains deepen.
* BANK OF CANADA DEPITY GOVERNOR TONI GRAVELLE SAYS CREDIT SUISSE TAKEOVER BY UBS WAS A BIT MORE OF A KIND OF A WAKE UP CALL. * BOC'S GRAVELLE SAYS CANADIAN BANKING SECTOR IS IN QUITE A DIFFERENT PLACE THAN THE REGIONAL BANKS IN THE US. * BOC'S GRAVELLE: WE DON'T FEEL WE'RE ANYWHERE CLOSE TO BEING CONCERNED IN TERMS OF FINANCIAL SYSTEM STRESS Source text for Eikon: Further company coverage: [ ]
* MSCI All-World index rises 0.9%, dollar eases. * UBS rehires Ermotti to head merged unit. * Oil rises, gold dips. By Herbert Lash and Amanda Cooper. Global shares rose on Wednesday as the equity market took heart from greater stability in the banking sector, while Treasury yields reversed course and fell, even as uncertainty still lingered among bond investors over the economic outlook.
* Enbridge (ENBA) gains on rating upgrade. * Dollarama (DLMAF) climbs on quarterly sales beat. * TSX up 0.8% By Johann M Cherian. Canada's main stock index extended gains on Wednesday, helped by energy stocks, while discount store chain Dollarama (DLMAF) advanced after posting quarterly revenue above estimates.
Canada's main stock index extended gains on Wednesday helped by gains in energy stocks, while discount store chain Dollarama jumped over 3% after posting a quarterly revenue beat. At 9:34 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 143.74 points, or 0.73%, at 19,801.27.
Honeywell International Inc (HON) : * HONEYWELL INVESTS IN ENERGY-AS-A-SERVICE MARKET LEADER REDAPTIVE TO DRIVE PRIVATE SECTOR ENERGY CONTRACTING. * Honeywell International Inc (HON) - TERMS OF INVESTMENT WERE NOT DISCLOSED Source text for Eikon: Further company coverage:
Russian President Vladimir Putin said on Wednesday that the country's manufacturing sector was still sluggish, warning that sanctions could have a negative impact on the economy in the medium term.
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