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Bay Street Likely To Open On Positive Note

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.
RTTNews | Před 652 dny
U.S. Dollar Falls As European Shares Traded Higher

U.S. Dollar Falls As European Shares Traded Higher

The U.S. dollar weakened against other major currencies in the European session on Monday, as investors took stock of the latest developments in the Middle East and looked ahead to a speech by Fed Chair Jerome Powell later this week for more clarity on the interest rate outlook.
RTTNews | Před 652 dny
German Factory Orders Log Unexpected Growth

German Factory Orders Log Unexpected Growth

Germany's factory orders grew unexpectedly at the end of the third quarter underpinned by foreign demand, official data from Destatis showed on Monday. However, reinforcing fears of recession, Purchasing Managers' survey results suggested that the private sector contracted for the fourth straight month in October reflecting declines in both manufacturing production and services activity.
RTTNews | Před 652 dny
FTSE 100 Subdued On Growth Worries

FTSE 100 Subdued On Growth Worries

U.K. stocks were muted on Monday amid growth worries after official data showed the downturn in euro zone business activity accelerated last month.
RTTNews | Před 652 dny
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Indonesia GDP Growth At 2-Year Low

Indonesia GDP Growth At 2-Year Low

Indonesia's economic growth weakened to a two-year low in the third quarter on falling government spending and exports, official data revealed on Monday. Gross domestic product grew 4.94 percent year-on-year in the third quarter but slower than the 5.17 percent expansion posted in the second quarter, Statistics Indonesia reported. This was the weakest expansion since the third quarter of 2021.
RTTNews | Před 652 dny
Asian Shares Extend Gains On Optimism Over Fed Outlook

Asian Shares Extend Gains On Optimism Over Fed Outlook

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.
RTTNews | Před 652 dny
German Residential Construction Order Cancellations Climb To New High: Ifo

German Residential Construction Order Cancellations Climb To New High: Ifo

Cancellations of residential construction projects in Germany rose to a new high in October as housing demand weakened further, results of survey by the ifo institute showed Monday, adding to signs of recession in the biggest euro area economy. The share of companies that reported canceled projects rose to 22.2 percent from 21.4 percent in the previous month.
RTTNews | Před 652 dny
Elon Musk Launches AI Chatbot Grok

Elon Musk Launches AI Chatbot Grok

Elon Musk's new AI venture xAI has unveiled its first artificial intelligence or AI chatbot technology named Grok, that competes with OpenAI's highly popular Generative AI ChatGPT. Grok is claimed to help quickly access relevant information, process data, and come up with new ideas. In a post on X, formerly Twitter, Musk said, "Grok has real-time access to info via the platform, ..."
RTTNews | Před 652 dny

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