Bay Street Likely To Open On Positive Note

RTTNews | Před 713 dny
Bay Street Likely To Open On Positive Note

(RTTNews) - The Canadian market may open with a positive bias Monday morning with energy stocks finding support on higher crude oil prices after Russia and Saudi Arabia confirmed they will extend their production and export cuts until the end of the year.

Last week's data showing a smaller than expected increase in U.S. employment in the month of October, and an uptick in unemployment rate has eased concerns about the outlook for interest rates.

Investors are likely to closely monitor the developments on the geopolitical front, and look ahead to the a speech by Fed Chair Jerome Powell later this week.

On the economic front today, a report from Ivey Business School on Canadian economic activity for the month of October is due at 11:00 AM ET.

The Ivey Purchasing Managers Index in Canada eased to 53.1 in September, from August's 53.5, indicating a second consecutive month of modest expansion in economic activity, although at a softer rate.

Canadian stocks closed higher on Friday, with the benchmark S&P/TSX Composite Index closing higher for the fifth consecutive session.

The S&P/TSX Composite Index surged 198.51 points or 1% to 19,824.85, climbing further off last Friday's one-year low to reach its best closing level in well over a month. The index soared by 5.8% for the week.

Asian stocks rose for a fourth straight session on Monday and the dollar hovered near six-week lows as weak U.S. jobs and service sector activity data released on Friday helped ease worries about further rate hikes by the Federal Reserve.

European stocks are drifting lower amid concerns about economic slowdown after official data showed the downturn in eurozone business activity accelerated last month. HCOB's PMI, compiled by S&P Global, fell to 46.5 in October from September's 47.2, its lowest reading since November 2020.

In commodities, West Texas Intermediate Crude oil futures are up $1.43 or about 1.8% at $81.94 a barrel.

Gold futures are down $4.90 or 0.25% at $1,994.30 an ounce, while Silver futures are up $0.030 or 0.13% at $23.315 an ounce.

read more
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian stock market is modestly lower on Monday, adding to the losses in the previous session, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling well below the 9,000.00 mark, with weakness in mining stocks partially offset by gains in energy, financial and technology stocks.
RTTNews | Před 26 minutami
Hong Kong Bourse May Find Traction On Monday

Hong Kong Bourse May Find Traction On Monday

The Hong Kong stock market has finished lower in back-to-back sessions, dropping more than 660 points or 2.6 percent along the way. The Hang Seng Index now rests just beneath the 25,250-point plateau although it may stop the bleeding on Monday.
RTTNews | Před 30 minutami
Higher Open Seen For China Stock Market

Higher Open Seen For China Stock Market

The China stock market on Friday ended the two-day winning streak in which it had climbed more than 50 points or 1.2 percent. The Shanghai Composite Index now sits beneath the 3,840-point plateau although it's expected to move back to the upside again on Monday.
RTTNews | Před 1 h 0 min
Taiwan Bourse May Reverse Friday's Losses

Taiwan Bourse May Reverse Friday's Losses

The Taiwan stock market on Friday wrote a finish to the two-day winning streak in which it had jumped more than 850 points or 2.9 percent. The Taiwan Stock Exchange now sits just above the 27,300-point plateau although it figures to rebound again on Monday.
RTTNews | Před 1 h 30 min
Rebound Anticipated For Japan Stock Market

Rebound Anticipated For Japan Stock Market

The Japanese stock market on Friday ended the two-day winning streak in which it had rallied more than 1,425 points or 2.8 percent. The Nikkei 225 now sits just above the 47,580-point plateau although it may bounce higher again on Monday.
RTTNews | Před 2 h 0 min
Win Streak May Continue For South Korea Shares

Win Streak May Continue For South Korea Shares

The South Korea stock market has tracked higher in three straight sessions, accelerating almost 190 points or 5 percent in that span. Now at another fresh record closing high, the KOSPI rests just beneath the 3,750-point plateau and it may add to its winnings again on Monday.
RTTNews | Před 2 h 30 min
New Zealand Annual Inflation Climbs 3.0% On Year

New Zealand Annual Inflation Climbs 3.0% On Year

Consumer prices in New Zealand were up 3.0 percent on year in the third quarter of 2025, Statistics New Zealand said on Monday - in line with expectations and up from 2.7 percent in the three months prior.
RTTNews | Před 2 h 41 min
China Data On Tap For Monday

China Data On Tap For Monday

China is scheduled to release a batch of data on Monday, highlighting an otherwise light day for Asia-Pacific economic activity. On tap are Q3 figures for GDP and September data for industrial production, retail sales, fixed asset investment and unemployment.
RTTNews | Před 3 h 30 min