Canadian Shares Likely To Open On Positive Note

RTTNews | Před 787 dny

(RTTNews) - Bay Street looks headed for a positive start on Thursday, tracking firm crude oil prices and rising expectations the Federal Reserve is nearing the end of its tightening cycle.

Canadian Imperial Bank of Commerce (CM.TO) posted net income of $1,430 million in the third quarter of the current financial year, compared to $1,666 million in the corresponding quarter last year.

Laurentian Bank (LB.TO) reported third-quarter net income of $49.3 million, compared to $55.9 million in the year-ago quarter.

On the economic front, data from the Canadian Federation of Independent Business showed Canada's CFIB Business Barometer long-term optimism index increased by 0.4 points from the previous month to 54.8 in August.

The Canadian market ended marginally up on Wednesday after a somewhat lackluster session. The benchmark S&P/TSX Composite Index ended with a gain of 39.91 points or 0.2% at 20,330.32, after scaling a low of 20,309.42 and a high of 20,403.36 intraday.

Despite easing concerns about U.S. interest rates after data showed a slowdown in private sector growth and a drop in second-quarter GDP growth, the mood in the Canadian market was a bit cautious with investors awaiting Canadian GDP data.

Asian stocks ended mixed on Thursday as investors digested key data from China and Japan and looked ahead to forthcoming inflation readings in Europe and the U.S. for additional clues on the outlook for interest rates.

Weak U.S. economic data released overnight dampened the dollar's strength while oil prices were little changed in Asian trade after climbing on Wednesday on bullish inventory data and hurricane jitters.

European stocks are broadly higher amid hopes that the Federal Reserve is nearing the end of its tightening cycle, and more stimulus measures from the Chinese government.

In commodities, West Texas Intermediate Crude oil futures are up $0.78 or 0.96% at $82.41 a barrel.

Gold futures are down $1.40 or 0.07% at $1,971.60 an ounce, while Silver futures are lower by $0.159 or 0.64% at $24.575 an ounce.

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving a tad above the 9,050.00 level, with gains in mining, financial and technology stocks.

RTTNews | Před 23 minutami

Asian Markets Track Wall Street Higher

Asian stock markets are mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, as traders remain optimistic the US Fed will cut interest rate by another 50 bps by year-end on easing trade tensions between the U.S. and China and cooler-than-expected US consumer price inflation data. They now look ahead to the Fed's monetary policy announcement later in the week.

RTTNews | Před 37 minutami

Sensex, Nifty Seen Opening Up On Firm Global Cues

Indian shares are likely to open higher on Monday as global trade tensions eased, and soft U.S. inflation data fueled rate cut hopes.

RTTNews | Před 1 h 16 min

Rebound Anticipated For Indonesia Stock Market

The Indonesia stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had jumped more than 310 points or 3.9 percent. The Jakarta Composite Index now rests just above the 8,270-point plateau and it may bounce higher again on Monday.

RTTNews | Před 2 h 19 min

Hong Kong Shares Poised To Open To The Upside

The Hong Kong stock market has moved higher in consecutive trading days, improving more than 380 points or 1.4 percent along the way. The Hang Seng Index now rests just above the 26,160-point plateau and it may open higher again on Monday.

RTTNews | Před 2 h 34 min

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 surging to an all-time high above the 50,150 level, with gains across most sectors led by index heavyweights, financial and technology stocks.

RTTNews | Před 2 h 37 min

China Stock Market May Add To Its Winnings On Monday

The China stock market has moved higher in back-to-back sessions, collecting more than 35 points or 0.9 percent in that span. The Shanghai Composite Index now sits just above the 3,950-point plateau and it's tipped to open in the green on Monday.

RTTNews | Před 2 h 49 min

Australian Market Notably Higher

The Australian stock market is notably higher on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well below the 9,050.00 level, with gains in mining, financial and technology stocks.

RTTNews | Před 2 h 55 min

EURUSD	1.16304	GBPUSD	1.33224	AUDUSD	0.65326
USDJPY	153.017	USDCAD	1.39871	USDCHF	0.79578