Canadian Market May Open On Slightly Positive Note

RTTNews | Před 1 dnem

(RTTNews) - Higher Canadian and U.S. futures amid expectations of an interest rate cut by the Federal Reserve in December, point to a slightly positive start on Bay Street Monday morning.

Easing concerns about Russia-Ukraine tensions may also help lift sentiment.

Commodity prices are a bit subdued, with oil futures edging up slightly and metal prices down in negative territory.

With earnings updates from big name Canadian banks set to pour in next week, the mood in the market is likely to remain cautious.

The Canadian market closed on a firm note on Friday amid renewed bets on another rate cut by the Federal Reserve.

The benchmark S&P/TSX Composite Index ended the day's session with a gain of 254.10 points or 0.85% at 30,160.65.

Mixed jobs data from the U.S., and the minutes of October Federal Reserve's meeting showing divergent perspectivees about rate cuts had rendered the mood a bit cautious earlier in the week. However, rate cut hopes rose after New York Fed President John Williams' remarks on Friday that there is room for "a further adjustment in the near term."

CME Group's FedWatch Tool indicated that the chances of a quarter point rate cut at the Fed's December meeting have soared to 69.5% from just 39.1% on Thursday.

Asian stocks ended mixed in thin trade on Monday, with Japanese markets closed for a holiday. Regional sentiment was underpinned somewhat by hopes for a Federal Reserve rate cut in December and easing Ukraine-Russia tensions.

European stocks are broadly higher today amid hopes of a Fed interest rate cut in December, and progress in Ukraine peace talks.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.12 or 0.21% at $58.18 a barrel.

Gold futures are down $3.90 or 0.1% at $4,075.60 an ounce, while Silver futures are lower by $0.048 or 0.1% at $49.865 an ounce.

Data on Canadian manufacturing sales for the month of October is due at 8:30 AM ET.

Malaysia Shares May Bounce Higher Again On Wednesday

The Malaysia stock market headed south again on Tuesday, one day after ending the two-day slide in which it had slipped more than 5 points or 0.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,610-point plateau and it's tipped to see renewed support on Wednesday.

RTTNews | Před 1 h 33 min

Japan Bourse Tipped To Open In The Green

The Japanese stock market has moved higher in two of three trading days since the end of the four-day losing streak in which it had plummeted more than 2,710 points or 5.6 percent. The Nikkei 225 now rests just above the 48,650-point plateau and it may pick up speed on Wednesday.

RTTNews | Před 1 h 48 min

Higher Open Called For South Korea Shares

The South Korea stock market on Tuesday snapped the two-day slide in which it had plummeted almost 160 points or 4 percent. The KOSPI now sits just beneath the 3,860-point plateau and it's likely to open to the upside again on Wednesday.

RTTNews | Před 2 h 3 min

New Zealand Rate Decision On Tap For Wednesday

The Reserve Bank of New Zealand will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBNZ is widely expected to trim its Official Cash Rate by 25 basis points, to 2.25 percent from 2.50 percent.

RTTNews | Před 2 h 33 min

Swiss Stocks Move Higher; SMI Ends Nearly 1% Up

After a positive start and a subsequent fall into negative territory, the Switzerland market recovered and gained in strength as the session progressed on Tuesday to eventually settle on a strong note.

RTTNews | Před 6 h 6 min

European Stocks Close On Firm Note As Fed Rate Cut Hopes Continue To Lift Sentiment

European stocks closed on a firm note on Tuesday, tracking gains on Wall Street, and amid expectations of an interest rate cut by the Federal Reserve in December. Investors continued to closely follow Ukraine peace stocks, in addition to digesting the latest batch of economic data from the U.S.

RTTNews | Před 6 h 29 min

Canadian Market Extends Recent Gains; Consumer Staples Stocks Shine

The Canadian market was up firmly in positive territory a little past noon on Tuesday, lifted by strong gains in consumer, industrials and real estate sectors. Optimism about an interest rate cut by the Federal Reserve in December continued to underpin sentiment.

RTTNews | Před 7 h 43 min

U.S. Business Inventories Unexpectedly Unchanged In August

Business inventories in the U.S. unexpectedly came in flat in the month of August, according to a report released by the Commerce Department on Tuesday. The Commerce Department said business inventories were virtually unchanged in August following a downwardly revised 0.1 percent uptick in July.

RTTNews | Před 9 h 22 min

EURUSD	1.15668	GBPUSD	1.31647	AUDUSD	0.64704
USDJPY	156.175	USDCAD	1.4103	USDCHF	0.80788