Bay Street Seen Opening Higher

RTTNews | vor 966 Tagen

(RTTNews) - Higher Canadian and U.S. index futures, and firm bullion prices point to a positive start for the Canadian market Monday morning.

Worries about more aggressive monetary tightening by the Fed and a few other central banks and the likely impact on global economic growth might cap market's upside.

In Canadian company news, CACEIS, the asset servicing banking group of Crédit Agricole S.A. and Santander, and Royal Bank of Canada (RY.TO) have signed a MoU with a view for CACEIS to acquire the European asset servicing activities of RBC Investor Services and its associated Malaysian centre of excellence. RBC Investor Services is a provider of asset services.

Loblaw Companies Ltd. (L.TO) announced a price freeze on more than 1,500 no name brand items, including a range of grocery and household essentials. The company noted that with effect from Monday, and until the end of January 2023, no name product prices will be frozen.

The decision is part of an effort by the company to provide grocery-bill predictability to Canadians facing the highest food inflation in decades.

The Canadian market ended sharply lower on Friday due to heavy selling in energy, materials and industrials sectors. The benchmark S&P/TSX Composite Index ended with a loss of 287.28 points or 1.54% at 18,326.35, slightly off the day's low of 18,319.88. The index climbed to 18,763.70 in early trades.

Asian stocks ended mixed on Monday after reports suggested that Apple has put on hold plans to use memory chips from China's Yangtze Memory Technologies Co. in its products.

Meanwhile, the iPhone manufacturing hub of Zhengzhou locked down one of its most-populated districts to tame a virus flareup as President Xi Jinping signaled no change to Covid-Zero policy.

European stocks are up firmly in positive territory, reacting to new British finance minister Jereme Hunt's decision to scrap most of the policies announced in Prime Minister Liz Truss's budget on September 23.

In commodities trading, West Texas Intermediate Crude oil futures are up marginally at $85.80 a barrel.

Gold futures are gaining $14.70 or 0.9% at $1,663.60 an ounce, while Silver futures are up $0.444 or 2.43% at $18.515 an ounce.

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.

RTTNews | vor 43 Minuten

Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.

RTTNews | vor 2Std 35 Minuten

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.

RTTNews | vor 3Std 47 Minuten

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.

RTTNews | vor 4Std 8 Minuten

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.

RTTNews | vor 4Std 29 Minuten

Sensex, Nifty End Modestly Higher; Banks And Financials Surge

Indian shares eked out modest gains on Monday as top officials from the U.S. and China meet in London later in the day to resolve their differences and ease rare-earth mineral tensions.

RTTNews | vor 4Std 39 Minuten

Church & Dwight Recalls All Lots Of Zicam Nasal, Orajel Teething Swabs

Church & Dwight Co., Inc. has called back all lots of Zicam nasal swabs and Orajel baby teething swabs citing potential microbial contamination, according to the U.S. Food and Drug Administration. Cold remedy nasal swabs are a zinc-free, homeopathic cold remedy swab designed to shorten the duration of the common cold

RTTNews | vor 5Std 7 Minuten

European Shares Little Changed Before Sino-US Trade Talks

European stocks were subdued on Monday as top officials from the U.S. and China meet in London later in the day to resolve their differences and ease rare-earth mineral tensions.

RTTNews | vor 5Std 47 Minuten

EURUSD	1.14062	GBPUSD	1.35448	AUDUSD	0.652
USDJPY	144.593	USDCAD	1.36807	USDCHF	0.8216

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Bay Street Seen Opening Higher