Gold prices edged higher on Thursday
as Treasury yields retreated, although gains were limited after
stronger U.S. economic data bolstered expectations the Federal
Reserve will retain its hawkish ...
* Wall Street ends lower. * Oil hits 3-week high on supply cuts. * Dollar rebounds, up over 1% * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Pete Schroeder. U.S. stocks slipped Wednesday, ending the strongest two-day rally since 2020, while the dollar and Treasury yields rose on the back of signs the U.S. economy remained hot and Federal Reserve officials were resolute in rate hikes.
* Canadian dollar weakens 0.7% against the greenback. * Trades in a range of 1.3504 to 1.3695. * Canadian exports fall 2.9% in August. * 10-year yield rises 14.9 basis points to 3.277% By Fergal Smith.
* CANADA AUCTION OF C$4 BILLION 2032 BOND YIELDS AVERAGE 3.240% * CANADA 2.5% 2032 BOND AUCTION YIELDS LOW 3.230%, HIGH 3.260% Source text for Eikon: https://www.bankofcanada.ca/markets/government-securities-auctions/calls-for-tenders-and-results/nominal-bonds/
* U.S. private payrolls increase in September - ADP. * Twitter eases from one-year high, Tesla falls 5% * ISM non-manufacturing sector PMI 56.7 in Sept vs. * Indexes down: Dow 1.34%, S&P 1.74%, Nasdaq 2.31% By Ankika Biswas and Bansari Mayur Kamdar.
The yield on the benchmark U.S. 10-year Treasury note climbed on Wednesday after two straight days of declines, as economic data failed to reinforce recent hopes the U.S. Federal Reserve might pivot to a less hawkish policy stance.
Canada's main stock index fell on Wednesday, with precious metal miners and utility stocks leading the declines, as bond yields rose after U.S. private payrolls data suggested resilient demand for labor.
* Dollar jumps 1% against rivals. * Silver eases off three-month high. * Palladium falls more than 2% By Brijesh Patel. Gold prices slipped more than 1% on Wednesday, weighed down by a jump in the dollar and U.S. Treasury yields in the run up to U.S. jobs data that could influence the Federal Reserve's rate hike path.
* Canadian dollar weakens 0.9% against the greenback. * Trades in a range of 1.3504 to 1.3640. * Canadian exports fall 2.9% in August. * 10-year yield falls 5 basis points further below U.S. rate. By Fergal Smith.
Wall Street opened lower on Wednesday due to weakness in megacap growth and technology stocks as Treasury yields rose, spurred by data that showed a resilient demand for labor despite rising interest rates.
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