Bay Street Likely To Open Higher, But Weak Metal Prices May Hurt

RTTNews | Před 495 dny

(RTTNews) - Canadian shares are likely to open higher on Monday amid slightly easing concerns about inflation and interest rate outlook, and easing fears of a wider Middle East conflict following Iran and Israel completing 'measured' counterattacks that were calibrated to avoid any casualties.

Weak crude oil and gold prices may weigh on energy and materials stocks and limit market's upside.

In company news, Gildan Activewear Inc (GIL.TO) has announced some changes to its board, and said it will hold an investor day in the fall to provide a "comprehensive strategic plan" to sell the company.

ARC Resources Ltd. (ARX.TO), Cenovus Energy (CVE.TO), Suncor Energy (SU.TO) and Lundin Gold Inc (LUG.TO) shares are likely to be in focus following rating upgrades.

The Canadian market ended higher on Friday, lifted by gains in utilities, financials, energy and communications sectors.

The benchmark S&P/TSX Composite Index ended with a gain of 98.93 points or 0.46% at 21,807.37. The index touched a low of 21,679.80 and a high of 21,871.49 in the session. The index shed about 0.4% in the week.

Asian stocks rebounded on Monday, while the dollar, oil and gold all pulled back from their recent highs as fears of a wider conflict in the Middle East ebbed.

Investors gravitated back towards riskier assets after Iran played down Israel's reported retaliatory attacks on its soil.

Meanwhile, a continued drop in oil prices on growth concerns and signs of rising inventory in the United States helped ease investor concerns surrounding inflation and interest rates.

European stocks are up in positive territory amid easing concerns about Middle East tensions following Iran and Israel completing 'measured' counterattacks that were caliberated to avoid any casualties. Easing concerns about inflation and the outlook for interest rates contribute as well to the positive mood in the markets.

In commodities, West Texas Intermediate Crude oil futures are down $0.09 or 0.11% at $83.05 a barrel.

Gold futures are down $45.80 or 1.9% at $2,368.00 an ounce, while Silver futures are lower by $1.194 or 4.14% at $27.650 an ounce.

U.S. Dollar Falls Against Most Majors

The U.S. dollar weakened against its most major counterparts in the New York session on Friday.

RTTNews | Před 23 h 17 min

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.

RTTNews | Před 1 dnem

Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings

Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.

RTTNews | Před 1 dnem

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.

RTTNews | Před 1 dnem

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.

RTTNews | Před 1 dnem

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | Před 1 dnem

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | Před 1 dnem

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | Před 1 dnem

EURUSD	1.1684	GBPUSD	1.34987	AUDUSD	0.6538
USDJPY	147.04	USDCAD	1.3741	USDCHF	0.80047