Bay Street Likely To Open Mixed; Inflation Data In Focus

RTTNews | Před 1028 dny

(RTTNews) - Canadian shares look headed for a mixed start on Tuesday if commodity prices are any indication. Crude oil prices are climbing higher, while bullion prices are weak.

However, investors are likely to react to the consumer price inflation data, due at 8:30 AM ET. The data is likely to show inflation dropped to an annual rate of 6.4% in December.

Canada's annual inflation rate was 6.8% in November of 2022, down slightly from the 6.9% reading in the prior month.

Core inflation rate in Canada held steady at 5.8% in November, the same as in October.

Data on Canadian housing starts for the month of December is also due at 8:30 AM ET. Housing starts edged down 0.2% in November from a month earlier.

Earnings updates from Goldman Sachs and Morgan Stanley are also likely to impact the mood in the market.

The Canadian stock market ended marginally up after moving in a tight range on Monday, extending gains to a seventh straight session. Healthcare, consumer staples and technology stocks were among the notable gainers.

Easing concerns about interest rates after last week's inflation data from the Labor Department showed consumer prices in the U.S. continued to support the market. Data on Canadian consumer prices for the month of December is due on Tuesday.

The benchmark S&P/TSX Composite Index, which opened slightly down at 20,324.38 but climbed to a high of 20,435.11 around late morning, ended the session with a gain of 30.23 points or 0.15% at 20,390.33, the highest closing level in nearly 7 weeks.

Asian stocks turned in a mixed performance on Tuesday as China growth data beat forecasts and caution prevailed ahead of a Bank of Japan policy meeting.

Chinese shares ended slightly lower as data showed GDP grew an annual 3 percent in 2022 despite various growth pressures.

European stocks are down slighty in cautious trade with investors digesting weak GDP data from China and reacting to earnings updates from Goldman Sachs and Morgan Stanley.

In commodities trading, West Texas Intermediate Crude oil futures for February are up $0.57 or 0.71% at $80.43 a barrel.

Gold futures are down $10.30 or 0.54% at $1,911.40 an ounce, while Silver futures are lower by $0.192 or 0.79% at $24.180 an ounce.

Thai Shares Expected To Open To The Upside On Tuesday

The Thai stock market has moved higher in two of three trading days since the end of the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,305-point plateau and it's called higher again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | Před 1 h 11 min

Rebound Tipped For Indonesia Stock Market

The Indonesia stock market on Monday snapped the three-day winning streak in which it had gained almost 160 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,390-point plateau although it's expected to see renewed support on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The JCI finished slightly lower on Monday as losses from the financials and telecoms were mitigated by support from the resource stocks and a mixed picture from the cement companies. For the day, the index eased 3.35 points or 0.04 percent to finish at the daily low of 8,391.24 after peaking at 8,478.15. Among the actives, Bank CIMB Niaga shed 0.57 percent, while Bank Mandiri fell 0.42 percent, Bank Danamon Indonesia collected 0.40 percent, Bank Negara Indonesia tumbled 1.78 percent, Bank Central Asia skidded 1.15 percent, Bank Rakyat Indonesia slumped 1.26 percent, Indosat Ooredoo Hutchison plunged 3.72 percent, Indocement improved 0.78 percent, Semen Indonesia plummeted 4.17 percent, Indofood Sukses Makmur slipped 0.35 percent, United Tractors rallied 1.36 percent, Energi Mega Persada surged 4.60 percent, Astra Agro Lestari dropped 0.96 percent, Aneka Tambang rose 0.34 percent, Vale Indonesia eased 0.22 percent, Timah soared 6.85 percent, Bumi Resources spiked 6.38 percent and Astra International was unchanged. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | Před 1 h 41 min

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 51,350 level, with gains in index heavyweights, financial and technology and stocks.

RTTNews | Před 1 h 55 min

Higher Open Predicted For Hong Kong Stock Market

The Hong Kong stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped more than 220 points or 0.8 percent. The Hang Seng Index now rests just beneath the 26,650-point plateau and it's expected to open to the upside again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | Před 1 h 56 min

Additional Support Likely For China Stock Market

The China stock market bounced higher again on Monday, one session after halting the two-day winning streak in which it had advanced more than 45 points or 1.1 percent. The Shanghai Composite Index now sits just beneath the 4,020-point plateau The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The SCI finished modestly higher on Monday following gains from the financial shares, property stocks and resource companies. For the day, the index gained 21.04 points or 0.53 percent to finish at 4,018.60 after trading between 3,990.84 and 4,018.70. The Shenzhen Composite Index added 10.15 points or 0.40 percent to end at 2,529.44. Among the actives, Industrial and Commercial Bank of China advanced 0.87 percent, while Bank of China rose 0.35 percent, Agricultural Bank of China rallied 2.12 percent, China Merchants Bank added 0.49 percent, Bank of Communications collected 0.82 percent, China Life Insurance jumped 1.95 percent, Jiangxi Copper improved 0.95 percent, Aluminum Corp of China (Chalco) soared 3.26 percent, Yankuang Energy vaulted 1.88 percent, PetroChina strengthened 1.65 percent, China Petroleum and Chemical (Sinopec) fell 0.27 percent, Huaneng Power perked 0.24 percent, China Shenhua Energy gained 0.94 percent, Gemdale spiked 2.33 percent, Poly Developments increased 1.25 percent and China Vanke climbed 1.29 percent.

RTTNews | Před 2 h 11 min

Taiwan Bourse Expected To Open In The Green On Tuesday

The Taiwan stock market has moved higher in two of three trading days since the end of the two-day losing streak in which it had given up more than 640 points or 2.3 percent. The Taiwan Stock Exchange now sits just beneath the 27,870-point plateau and it's likely to extend its gains on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | Před 2 h 41 min

Japan Overall Bank Lending Climbs 4.1% Annually

Overall bank lending in Japan was up 4.1 percent on year in October, the Bank of Japan said on Tuesday - coming in at 650.798 trillion yen.

RTTNews | Před 2 h 42 min

Japan Has Y4.483 Trillion Current Account Surplus

Japan posted a seasonally adjusted current account surplus of 4.483 trillion yen in September, the Ministry of Finance said on Tuesday - up 191.6 percent on year.

RTTNews | Před 2 h 45 min

EURUSD	1.15557	GBPUSD	1.31679	AUDUSD	0.65328
USDJPY	154.326	USDCAD	1.40295	USDCHF	0.80501