Bay Street Seen Opening Lower

RTTNews | vor 722 Tagen

(RTTNews) - Canadian shares are likely to open on a negative note on Wednesday, tracking weak European stocks and lower commodity prices. The focus will be on the Bank of Canada's interest rate decision, due at 10 AM ET.

The central bank is widely expected to hold its policy rate unchanged at 5%, and keep the rate steady until the end of the year. A section of economists expect the bank to reduce key interest rate to 3.5% in the fourth quarter of the next financial year.

Canada's trade data for the month of July is due at 8:30 AM ET. A report on Canadian second-quarter labor productivity is also due at 8:30 AM ET.

In company news, Enbridge Inc (ENB.TO) has struck a deal with Dominion Energy to buy three natural gas utilities from it for a total consideration of $14 billion. The net value of the deal is $9.4 billion but will also involve the assumption of the utilities' debt.

The Canadian market ended notably lower on Tuesday, weighed down by concerns about global economic slowdown after data showed Chinese services activity expanded at the slowest pace in eight months in August, and business activity in the euro zone weakened further in August as the economic downturn extended from manufacturing to the services sector.

The benchmark S&P/TSX Composite Index ended down by 131.60 points or 0.64% at 20,413.76, near the day's low.

Asian markets ended broadly lower on Wednesday, amidst concerns about growth in China as well the broader world economy. The rise in crude oil prices also weighed on sentiment.

European stocks are firmly down in negative territory in early afternoon trades on Wednesday, extending recent losses.

Lingering worries about slowing growth and the likely surge in inflation due to rising oil prices continue to weigh on sentiment. Shares from financials and mining sectors are among the prominent losers.

In commodities, West Texas Intermediate Crude oil futures are down $0.44 or 0.51% at $86.25 a barrel.

Gold futures are down $1.60 or 0.1% at $1,951.00 an ounce, while Silver futures are lower by $0.098 or 0.41% at $23.775 an ounce.

Australian Market Swings To Modest Gains In Mid-market

The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with gains in energy and technology stocks partially offset by weakness in mining and financial stocks.

RTTNews | vor 55 Minuten

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.

RTTNews | vor 1Std 24 Minuten

Sensex, Nifty Seen Tad Higher At Open As IIP Growth Recovers

Indian shares may open on a positive note on Friday after official data showed India's industrial output production expanded at the fastest pace in four months in July.

RTTNews | vor 1Std 58 Minuten

Thai Stock Market Tipped To Open In The Green

The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.

RTTNews | vor 2Std 30 Minuten

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.

RTTNews | vor 2Std 47 Minuten

Additional Support Predicted For Indonesia Shares

The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.

RTTNews | vor 3Std 0 Minuten

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.

RTTNews | vor 3Std 9 Minuten

Hong Kong Shares May Stop The Bleeding On Friday

The Hong Kong stock market has finished lower in three straight sessions, tumbling almost 830 points or 3.3 percent along the way. The Hang Seng Index now rests just beneath the 25,000-point plateau although it may find traction on Friday.

RTTNews | vor 3Std 15 Minuten

EURUSD	1.16609	GBPUSD	1.34975	AUDUSD	0.65378
USDJPY	147.012	USDCAD	1.37543	USDCHF	0.80274