Bay Street Likely To Open On Flat Note

RTTNews | 62 dias atrás
Bay Street Likely To Open On Flat Note

(RTTNews) - The Canadian market is likely to open somewhat flat on Tuesday, tracking the mixed trend in commodity markets. Also, the mood is likely to remain cautious due to a lack of significant triggers.

In corporate news, Linamar Corp. (LNR.TO) has announced that it entered into a definitive agreement to purchase Georg Fischer Ltd's Leipzig, iron foundry in Germany for a consideration of 45 million euros. The transaction, which is expected to close by the end of 2025, is expected to increase Linamar's earnings per share with immediate effect.

On the economic front, Canadian trade data for August, and the IVEY PMI reading for September, 10are due at 8.30 AM ET and 10 AM ET, respectively.

The Canadian market closed modestly higher on Monday, supported by gains in materials and technology stocks. The benchmark S&P/TSX Composite Index fell early in the session but managed to climb again and settled with a gain of 60.20 points or 0.2% at 30,531.88.

Asian stocks ended mixed on Tuesday as the U.S. government shutdown dragged on and the French political turmoil deepened.

Trading volumes were thin as many regional markets, including China, Hong Kong and South Korea remained closed for holidays.

The major European markets are up in positive territory with modest gains, recovering after a cautious and somewhat sluggish start. Investors continue to closely follow the developments in France, and await fresh data for directional clues.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.10 or 0.14% at $61.79 a barrel.

Gold futures are up $15.80 or 0.4% at $3,992.10 an ounce, while Silver futures are down marginally at $48.435 an ounce.

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Indian Shares Deep In Red Ahead Of Fed Decision

Indian Shares Deep In Red Ahead Of Fed Decision

Indian shares were deep in the red on Tuesday, extending the previous session's slump due to uncertainty over a trade deal with the United States and amid caution ahead of the Federal Reserve's interest-rate decision.
RTTNews | 2h 13min atrás
Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintaining the early loses after slipping briefly in mid-market trading on Tuesday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,600 level, with a mixed performance across most sectors ahead of the domestic interest rate decision later in the day.
RTTNews | 3h 14min atrás
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian markets are mostly lower on Tuesday, following the negative cues from Wall Street overnight, as traders remain cautious and are not willing to take any significant positions ahead of monetary policy announcement by the US Fed tomorrow. With the Fed widely expected to lower interest rates by another 25 basis points, traders are likely to pay close attention to the accompanying statement.
RTTNews | 3h 35min atrás
Indian Shares Poised For Cautious Start

Indian Shares Poised For Cautious Start

Indian shares look set to open a tad lower on Tuesday as investors react to weak global cues, a stronger dollar and rising bond yields ahead of the highly anticipated Federal Reserve's interest-rate decision.
RTTNews | 3h 44min atrás
No Help Yet For Thai Stock Market

No Help Yet For Thai Stock Market

The Thai stock market has ticked lower in three straight sessions, sinking more than 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau and it's looking at another soft start again on Tuesday.
RTTNews | 4h 36min atrás
Indonesia Bourse Likely To Remain Rangebound On Tuesday

Indonesia Bourse Likely To Remain Rangebound On Tuesday

The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had picked up almost 110 points or 1.3 percent. The Jakarta Composite Index now sits just above the 8,710-point plateau although it's expected to open under pressure on Tuesday. The global forecast for the Asian markets is flat to lower ahead of the FOMC meeting later this week. The European markets were mixed and little changed and the U.S. bourses were soft and the Asian markets figure to split the difference. The JCI finished modestly higher on Monday following gains from the telecom, resource and energy companies, while the financials were mixed and the cement stocks were down. For the day, the index advanced 77.93 points or 0.90 percent to finish at 8,710.70 after trading between 8,642.06 and 8,720.09. Among the actives, Bank CIMB Niaga was down 0.28 percent, while Bank Mandiri climbed 1.02 percent, Bank Danamon Indonesia dropped 0.80 percent, Bank Negara Indonesia added 0.47 percent, Bank Rakyat Indonesia collected 0.55 percent, Indosat Ooredoo Hutchison vaulted 3.83 percent, Indocement sank 0.72 percent, Semen Indonesia lost 0.69 percent, Indofood Sukses Makmur tumbled 1.76 percent, United Tractors plunged4.86 percent, Astra International rose 0.37 percent, Energi Mega Persada skyrocketed 18.67 percent, Astra Agro Lestari fell 0.31 percent, Aneka Tambang rallied 2.06 percent, Vale Indonesia spiked 2.57 percent, Timah shed 0.63 percent, Bumi Resources surged 5.88 percent and Bank Central Asia was unchanged.
RTTNews | 5h 6min atrás