Canadian Market May Open With Slightly Positive Bias

RTTNews | Před 7 dny

(RTTNews) - Canadian stocks may open with a positive bias Wednesday morning with firm metal prices triggering some buying in the materials sectors. Weak oil prices may weigh on energy stocks and limit market's upside.

The focus will be on a fresh batch of economic data from the U.S., and the minutes from the Federal Reserve's latest monetary policy meeting. AI major Nvidia's earnings update is also eyed.

Magna International Inc. (MGA), a Canadian mobility technology company, on Wednesday announced that it is expanding its footprint in China with a new facility in the Jiujiang Economic Development Zone in Wuhu to meet rising demand for electric drive systems.

The move of the new Wuhu operation strengthens the company's position as a global powertrain technology provider.

Hydro One Limited (H.TO) announced that its wholly-owned subsidiary, Hydro One Inc., has priced an offering of C$1.6 billion of Medium Term Notes. The offering of the Notes is expected to close on November 21, 2025.

Stocks ended weak on Bay Street Tuesday as traders refrained from making big moves ahead of some key economic releases from the U.S. Gains in the energy sector driven by soaring oil prices were dented by a downturn in IT stocks led by "AI bubble" concerns.

The benchmark S&P/TSX Composite Index settled at 30,036.46, down by 39.75 points or 0.13%.

Asian stocks ended mostly lower on Wednesday, failing to hold onto early gains after a three-day sell-off as investors awaited Nvidia earnings, the release of minutes from the Federal Open Market Committee meeting held on October 28-, and the delayed September jobs report.

European stocks are turning in a mixed performance today as investors digest Eurozone and U.K. inflation data, and await fresh economic data from the U.S., and earnings update from AI major Nvidia for direction.

In commodities trading, West Texas Intermediate crude oil futures are down $1.55 or 2.5%% at $59.19 a barrel.

Gold futures are up $49.10 or 1.21% at $4,115.60 an ounce, while Silver futures are gaining $1.439 or 2.84% at $51.960 an ounce. Copper futures are up $0.060 or 1.2% at $5.0340 per pound.

U.S. Mortgage Applications Grow Despite Rising Rates: MBA

Home loan applications approved and purchase activity in the U.S. increased in the week ended November 21 even as mortgage rates continued to climb, survey data from the Mortgage Bankers Association revealed on Wednesday.

RTTNews | Před 2 h 8 min

Swiss Market Settles On Firm Note

After swinging between gains and losses for about an hour after the opening bell, Swiss stocks steadied and stayed positive till the end of the session on Thursday with select counters continuing to attract investors. A report showing an improvement i Swiss consumer sentiment helped.

RTTNews | Před 2 h 41 min

European Markets Close On Strong Note On Fed Rate Cut Hopes

European markets closed on a strong note on Wednesday as rising hopes of an interest rate cut by the Federal Reserve and optimism surrounding Ukraine peace efforts continued to prompt investors to pick up stocks.

RTTNews | Před 3 h 4 min

TSX Climbs To New Record High As Stocks Rise Again On Fed Rate Cut Hopes

The Canadian stock market's benchmark index S&P/TSX Composite climbed to a new record high Wednesday morning as rising expectations of an interest rate cut by the Federal Reserve next month triggered another round of buying in several sectors.

RTTNews | Před 4 h 33 min

Chicago Business Barometer Unexpectedly Plunges In November

MNI Indicators released a report on Wednesday unexpectedly showing a steep drop by its reading on Chicago-area business activity in the month of November. The report said the Chicago business barometer plunged to 36.3 in November after climbing to 43.8 in October, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 44.3.

RTTNews | Před 6 h 13 min

U.S. Durable Goods Orders Climb 0.5% In September, More Than Expected

New orders for U.S. manufactured durable goods increased by more than expected in the month of September, according to a report released by the Commerce Department on Wednesday. The Commerce Department said durable goods orders climbed by 0.5 percent in September after spiking by an upwardly revised 3.0 percent in August. Economists had expected durable goods orders to rise by 0.3 percent.

RTTNews | Před 6 h 24 min

U.S. Weekly Jobless Claims Unexpectedly Dip To Seven-Month Low

A report released by the Labor Department on Wednesday showed an unexpected dip by first-time claims for U.S. unemployment benefits in the week ended November 22nd. The Labor Department said initial jobless claims slipped to 216,000, a decrease of 6,000 from the previous week's revised level of 222,000. Economists had expected jobless claims to inch up to 225,000.

RTTNews | Před 6 h 28 min

U.S. Durable Goods Orders Climb More Than Expected In September

New orders for U.S. manufactured durable goods increased by more than expected in the month of September, according to a report released by the Commerce Department on Wednesday.

RTTNews | Před 7 h 57 min

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