Bay Street Likely To See Mixed Open

RTTNews | vor 983 Tagen
Bay Street Likely To See Mixed Open

(RTTNews) - Canadian shares are likely to open on a mixed note on Thursday, tracking crude oil and bullion prices.

The mood is likely to remain cautious with investors awaiting U.S. jobs data for clues about Federal Reserve's interest rate moves.

The Canadian market ended slightly down on Wednesday after a somewhat lackluster session, after the Bank of Canada raised interest rate by 50 basis points, saying inflation remains "too high."

The benchmark S&P/TSX Composite Index ended with a loss of 16.95 points or 0.08% at 19,973.22, after scaling a low of 19,957.62 and a high of 20,093.02 intraday.

Asian stocks ended mixed on Thursday as fears of a global economic slowdown and uncertainty about the pace of the Federal Reserve's interest rate hike offset optimism over easing of strict COVID containment measures in China.

European stocks are quite subdued with investors looking for direction and making cautious moves amid economic uncertainty.

In commodities trading, West Texas Intermediate Crude oil futures for January are up $2.53 or 3.51% at $74.54 a barrel.

Gold futures are up $2.30 or 0.13% at $1,800.30 an ounce, while Silver futures are gaining $0.113 or 0.5% at $23.035 an ounce.

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Thai Shares May Tick Lower Again On Monday

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Japanese Market Modestly Higher

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China Bourse: Resistance Expected At 3,700 Points

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The China stock market bounced higher again on Friday, one day after snapping the three-day winning streak in which it had gained almost 50 points or 1.4 percent. The Shanghai Composite Index now sits just beneath the 3,700-point plateau although it may had back those gains on Monday.
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Lower Open Predicted For Taiwan Stock Market

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The Taiwan stock market rebounded on Friday, one day after ending the five-day winning streak in which it had rallied more than 910 points or 3.9 percent. The Taiwan Stock Exchange now sits just above the 24,330-point plateau although it may head south again on Monday.
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Little Movement Expected For Singapore Stock Market

Little Movement Expected For Singapore Stock Market

The Singapore stock market has moved lower in two straight sessions, falling more than 40 points or 0.9 percent along the way. The Straits Times Index now sits just above the 4,230-point plateau and it's likely to remain in that neighborhood again on Monday.
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