2023-12-05 17:18:00
(Illustration: Camille Charbonneau)
THE ESSENTIAL NEWS
• Apple warns that India’s charger regulations will hurt its local production goals. Apple has told India that its local production targets would be impacted if New Delhi follows the European Union’s lead and requires existing iPhones to have universal charging ports, a government document shows, so that the American technology giant is pushing for an exemption or a delay.
• Real estate prices in Toronto fell in November. Greater Toronto Area housing prices fell in November as rising borrowing costs reduced affordability, while the level of sales rose slightly for the first time in six months, according to data from the Toronto Regional Real Estate Board.
• A draft COP28 agreement proposes the gradual elimination of fossil fuels. Countries participating in the global climate conference (COP28) plan to call for a formal phase-out of fossil fuels as part of a final agreement on combating global warming, according to a draft negotiating text seen on Tuesday.
• Ericsson pounces following winning contract with AT&T. The Swedish telecom equipment manufacturer has won a contract with the American AT&T to build a telecommunications network using a new cost-cutting technology, ORAN, which will cover 70% of its wireless traffic in the United States by the end 2026.
• The launch of the highly anticipated GTA VI scheduled for 2025. American video game publisher Rockstar Games has announced that the launch of its highly anticipated “Grand Theft Auto VI” will take place in 2025, disappointing many investors who expected the latest installment of the hit franchise to be released later. early.
TRENDS BEFORE OPENING
Futures contracts for Canada’s main stock index, heavily resource-focused, are falling due to falling metal prices, including gold. Futures contracts Wall Street are also falling, as investors wait for key data, including the jobs report, to gauge the likelihood of an early interest rate cut from the Fed. THE European stocks remain mixed, with gains in the energy sector offsetting declines in the mining and healthcare sectors. THE Nikkei Japanese saw its biggest decline in regarding six weeks, led by a decline in chip stocks. THE American dollar regains ground once morest a basket of currencies. Heightened uncertainties over OPEC+ production cuts, tensions in the Middle East and positive economic signals from Europe are contributing to the rise in oil price.
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