Trading Day: No direction Jerome [Yahoo! Finance Canada]
BNP PARIBAS SPONS ADR (BNPQY)
NASDAQ:AMEX Investor Relations:
invest.bnpparibas.com/en
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Source: Yahoo! Finance Canada
Wall Street's bullish momentum from the previous day fizzled out and Treasuries and the dollar rose, indicating a broader 'risk-off' tone at play. Gold, which has already rocketed 16% this year to new highs, held its ground too. It remains to be seen whether Powell's confidence will be justified. The signs are ominous, as I will explain below. Warnings from around the world about the uncertain outlook have proliferated this week, from the Bank of Japan on Wednesday to the Bank of England, Swiss National Bank, Sweden's Riksbank and European Central Bank President Christine Lagarde on Thursday. Today's Key Market Moves. * Wall Street closes on a weak footing, with the Dowending flat, the S&P 500 down 0.2% and the Nasdaq off 0.3%. * Euro
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