After opening marginally higher and moving further up fairly swiftly Friday morning, Canadian stocks slid gradually and slipped into negative territory, weighed down by losses in technology sector. Strong buying in energy and consumer staples sectors help limit market’s downside. Source link

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The broader macroeconomic environment is adding to these challenges. Higher-than-expected inflation in the United States has heightened concerns about further interest rate increases and, consequently, rising costs of raising capital. For a company that needs billions of additional dollars to expand its infrastructure, maintaining access to financing on acceptable terms is essential. Rising bond yields

Import and export prices in the U.S. both increased by far more than anticipated in the month of September, according to a report released by the Labor Department on Friday. Source link

2026.10.16 2026.10.16 GBP/USD: Elliott Wave Analysis and Forecast for 16.10.26–23.10.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Once the correction has been completed, consider short positions below the level of 1.3350 with a target of 1.2938–1.2745. A sell signal: the local correction ends and the price holds below 1.3350. Stop

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In contrast, from the start of October 2026 through Thursday, 15 October 2026, the DJIA reversed higher and recorded a gain of 2.46%, outperforming the tech-centric Nasdaq 100 (-1.86%) by 4.32 percentage points, heavily triggered by the weakness seen in the PHLX Semiconductor Index, which shed 9.73% amid fears of elevated AI optimism (see Fig.

The NZX 50 fell 79 points, or 0.6%, to close at 13,754 on Friday, reversing gains from the morning session and the previous two days. The decline was led by weakness in utilities, communication services, and real estate stocks. Sentiment was weighed down by fresh data showing food inflation rising to a three-month high, while

European stocks are seen opening broadly higher on Friday as a selloff in chip stocks eased and bond markets stabilized following a heavy sell-off earlier in the week, triggered by AI debt concerns. Source link

The Antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Friday, as Asian stock markets traded higher, boosted by strong gains in Japan and South Korea amid a rebound in technology and semiconductor stocks after the recent sell-off on concerns over rising costs

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