A look at Friday morning’s market action
Global markets were in the red as downbeat earnings and investor anxiety about U.S. growth weighed on tech stocks.In Canada, investors are getting results from energy companies Enbridge and Imperial Oil .
Investors see the world’s major central banks starting to shift their focus away from inflation and towards supporting economies and jobs markets that may now be taking the full force of monetary tightening campaigns that began in late 2021. Investors were keenly watching for fresh non-farm payrolls data out of the U.S.
Overseas, the pan-European STOXX 600 was down 1.29 per cent in morning trading. Britain’s FTSE 100 lost 0.35 per cent, Germany’s DAX declined 1.02 per cent and France’s CAC 40 was down 1.02 per cent. Both benchmarks have declined by more than 7 per cent over the last four weeks in the longest streak of consecutive weekly losses this year.
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