Bay Street Looks Headed For Bright Start

RTTNews | 1081 dias atrás

(RTTNews) - Canadian shares are set to open on a firm note Friday morning, tracking positive global markets and higher commodity prices.

Investors will be reacting to Canadian jobs data.

Data on Canadian employment for the month of August is due at 8:30 AM ET.

The Canadian economy shed 30,600 jobs in July of 2022, extending the 43,200 cut from the previous month. The unemployment rate in Canada was unchanged at 4.9% in July of 2022, the lowest on record and below market expectations of 5%.

In earnings news, Dollarama Inc. (DOL.TO) said its diluted net earnings per common share increased by 37.5% to $0.66 in the second quarter from $0.4 a year ago.

Despite hawkish comments from Fed Chair Jerome Powell that signaled aggressive rate hikes in the coming months, and the European Central Bank's sharp 75-basis points interest rate hike, Canadian stocks moved higher on Thursday.

The benchmark S&P/TSX Composite Index ended with a gain of 171.56 points or 0.89% at 19,413.00.

Asian stocks climbed higher on Friday as investors digested Federal Reserve Chair Jerome Powell and ECB President Christine Lagarde's comments advocating for higher rates to combat runaway inflation.

Chinese shares finished notably higher as data showed inflation slowed more than expected in August.

European stocks are sharply higher today, a day after the European Central Bank (ECB) raised interest rates by a record 75 basis points and signaled further hikes to tame runaway inflation.

The ECB must raise interest rates further to prevent record euro-zone inflation from spilling over into wages, Governing Council member Klaas Knot said.

The Bank of England on Friday said it would postpone its September Monetary Policy Committee meeting by one week following the death of Queen Elizabeth II.

In commodities trading, West Texas Intermediate Crude oil futures are up $1.35 or 1.62% at $84.89 a barrel.

Gold futures are gaining $12.60 or 0.75% at $1,732.80 an ounce, while Silver futures are up $0.118 or 0.64% at $18.560 an ounce.

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 15 minutos atrás

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 18 minutos atrás

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 33 minutos atrás

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 36 minutos atrás

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 48 minutos atrás

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 1h 18min atrás

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1h 48min atrás

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2h 18min atrás

EURUSD	1.16412	GBPUSD	1.3475	AUDUSD	0.64775
USDJPY	147.289	USDCAD	1.38546	USDCHF	0.80425