Bay Street Likely To Open Slightly Higher

RTTNews | vor 757 Tagen

(RTTNews) - Canadian shares are likely to open flat or slightly higher on Monday, tracking global markets and commodity prices.

With several top U.S. and Canadian companies scheduled to announce their earnings, and some key economic data due during the course of this week, the mood is likely to remain a bit cautious.

Pan American Silver Corp (PAAS.TO) shares will be in focus after the company said it plans to sell its 56% stake in the Minera Agua Rica Alumbrera copper project in Argentina for about $475 million.

The Canadian market ended on a firm note on Friday, lifted by strong gains in energy, technology and materials shares. The mood remained positive amid easing fears of a U.S. recession this year, and on hopes the Fed tightening cycle will end soon.

The benchmark S&P/TSX Composite Index ended with a gain of 133.90 points or 0.66% at 20,519.37. The index posted a marginal 0.1% decline for the week.

Asian stocks advanced on Monday as weak Chinese data spurred hopes of more policy stimulus and the Bank of Japan stepped into the bond market to influence rates.

Chinese shares eked out modest gains, after the State Council announced further measures to bolster consumption. China's manufacturing activity fell for a fourth straight month in July while the services and construction sectors teetered on the brink of contraction, official data showed today.

European stocks are slightly higher after opening marginally down after data showed eurozone returned to growth in the second quarter amid falling inflation.

GDP in the euro area grew 0.3% in the second quarter of 2023 compared to the previous quarter, Eurostat reported.

Separate figures from the statistical office revealed that Eurozone inflation fell in line with expectations to 5.3% year-on-year in July, compared with 5.5% in June.

In commodities, West Texas Intermediate Crude oil futures are up $0.75 or 0.93% at $81.33 a barrel.

Gold futures are down $1.70 or 0.08% at $1,958.70 an ounce, while Silver futures are up marginally at $24.500 an ounce.

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.

RTTNews | vor 57 Minuten

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation, which could impact the outlook for interest rates.

RTTNews | vor 1Std 1 Minuten

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.

RTTNews | vor 2Std 28 Minuten

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.

RTTNews | vor 2Std 46 Minuten

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | vor 2Std 58 Minuten

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.

RTTNews | vor 3Std 4 Minuten

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.

RTTNews | vor 3Std 13 Minuten

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.

RTTNews | vor 3Std 28 Minuten

EURUSD	1.16184	GBPUSD	1.34524	AUDUSD	0.64883
USDJPY	147.915	USDCAD	1.38418	USDCHF	0.805