Bay Street Seen Opening Flat

RTTNews | vor 938 Tagen

(RTTNews) - Sluggish commodity prices and weak European stocks point to a flat start for the Canadian market on Friday.

U.S. non-farm payroll data for the month of January, due before the opening bell, is likely to significantly impact the market.

Despite easing concerns about interest rates, the mood is likely to remain cautious amid rising fears of a global economic recession.

The Canadian market ended slightly lower on Thursday. Energy and materials shares were among the major losers.

Investors digested the interest rate moves by the Bank of England and the European Central Bank. The BoE and the ECB, both raised their interest rates by 50 basis points and signaled more hikes in the coming months.

The Federal Reserve had raised interest rate by 25 basis points on Wednesday, and indicated more hikes, saying inflation is still at elevated levels.

The benchmark S&P/TSX Composite Index ended down 10.61 points or 0.05% at 20,740.44. The index scaled a low of 20,696.86 and a high of 20,843.21 intraday.

Asian stocks ended mixed on Friday as U.S. tech giants reported disappointing earnings and investors awaited key U.S. jobs data later in the day for additional clues on the health of the world's economy and rate outlook.

The dollar traded firm after both the European Central Bank (ECB) and the Bank of England (BoE) hiked their rates by 50 basis points, and U.S. tech giants Apple, Google parent Alphabet and Amazon all reported lackluster financial results late on Thursday.

Chinese shares fell even a private survey showed services sector activity in the country expanded for the first time in five months in January.

European stocks are weak, weighed down by some disappointing results from U.S. technology firms, and caution ahead of the crucial U.S. jobs data for the month of January.

In commodities trading, West Texas Intermediate Crude oil futures are down $0.12 or 0.16% at $75.76 a barrel.

Gold futures are down slightly at $1,930.10 an ounce, while Silver futures are lower by $0.080 or 0.34% at $23.535 an ounce.

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.

RTTNews | vor 34 Minuten

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.

RTTNews | vor 1Std 3 Minuten

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | vor 3Std 47 Minuten

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | vor 4Std 6 Minuten

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | vor 4Std 49 Minuten

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | vor 5Std 19 Minuten

U.S. PCE Price Index Increased In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.

RTTNews | vor 5Std 31 Minuten

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.

RTTNews | vor 5Std 47 Minuten

EURUSD	1.16957	GBPUSD	1.35022	AUDUSD	0.6543
USDJPY	146.992	USDCAD	1.37351	USDCHF	0.7999