Bay Street Likely To Open With Positive Bias

RTTNews | vor 2 Tagen

(RTTNews) - Higher Canadian and U.S. futures, firm crude oil prices and data showing a smaller than expected increase in U.S. consumer price inflation in the month of September suggest a positive start for the Canadian market on Friday.

Crude oil prices have moved higher on supply jitters following fresh U.S. sanctions on major Russian producers Rosneft and Lukoil.

Data from the Labor Department showed the U.S. consumer price index rose by 0.3% in September after climbing by 0.4% in August. Economists had expected consumer prices to rise by another 0.4%.

The report also said the annual rate of growth by consumer prices ticked up to 3% in September from 2.9% in August, although that was slower than the 3.1% jump expected by economists.

In Canadian economic news, the house price index in Canada decreased by 0.2% in September from -0.3% in August of, according to data released by Statistics Canada.

Meanwhile, U.S. President Donald Trump has said that he terminated trade talks with Canada over an advertisement by the Canadian provincial government of Ontario, quoting former US President Ronald Reagan. A minute-long advert released last week featured an audio clip from a speech by Reagan in 1987 criticizing implementation of tariffs on foreign goods. The Canadian market ended on a strong note on Thursday as increases in gold and crude oil prices lifted energy and mining stocks even as investors assessed reports about the upcoming budget.

The benchmark S&P/TSX Composite Index traded firmly positive throughout the session before finally closing at 30,186.28, up by 203.30 points, or 0.68%.

Asian stocks closed broadly higher on Friday ahead of pivotal talks between the United States and China in Malaysia to avert trade war escalation.

Beijing and Washington "can totally find ways to resolve each other's concerns," the Chinese commerce minister said after the White House confirmed plans for President Donald Trump to meet with Chinese leader Xi Jinping next week.

The major European markets are subdued today with investors digesting regional economic data and largely making cautious moves.

In commodities, West Texas Intermediate crude oil futures are up $0.34 or 0.55% at $62.13 a barrel.

Gold futures are down $72.50 or 1.75% at $4,073.10 an ounce, while Silver futures are down $0.944 or 1.94% at $47.760 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 | vor 1Std 6 Minuten

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 | vor 1Std 20 Minuten

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 | vor 1Std 59 Minuten

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 | vor 3Std 2 Minuten

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 | vor 3Std 17 Minuten

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 | vor 3Std 21 Minuten

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 | vor 3Std 32 Minuten

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 | vor 3Std 38 Minuten

EURUSD	1.16237	GBPUSD	1.33148	AUDUSD	0.65323
USDJPY	153.067	USDCAD	1.39892	USDCHF	0.79611