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The Canadian market is headed for a weak start on Thursday, tracking lower crude oil prices and weak Asian and European stocks amid concerns about growth and the ongoing conflict in the Middle East.
"The upcoming employment data on Friday will be crucial in determining if there is hope for economic growth in the US economy. The US economy has shown resilience so far, with employment data so far indicating that inflation pressures may be easing. However, there is still uncertainty regarding the Federal Reserve's stance on interest rates and the overall state of the economy. "
The downward revision mostly reflects lower estimates for corporate expenditure, which is partially offset by an upward revision for state and local government spending.
Gold rate today: US Fed's interest rate hike and strong US GDP data, led to a rebound in the US dollar index and downward pressure on gold prices, say experts
Indian stock market experts expect NSE Nifty to hit a new peak in the upcoming week as small-cap and mid-cap indices have been in an uptrend and the current rally is participatory