Bay Street Seen Opening On Firm Note

RTTNews | vor 613 Tagen

(RTTNews) - Canadian shares look set to end on a positive note Friday morning, tracking firm European markets and higher commodity prices. A drop in bond yields is also expected to aid sentiment.

Data on Canadian producer prices and raw materials prices for the month of October are due at 8:30 AM ET.

Industrial producer prices in Canada rose by 0.4% over a month in September 2023, easing from an upwardly revised 1.9% hike in August. Yearly, producer prices soared by 0.6% in September, from an upwardly revised flat reading in the previous month

The Raw Materials Price Index in Canada rose by 3.5% month-over-month in September 2023, accelerating from a 3% increase in August. Year-on-year, raw materials prices advanced by 2.4% in September, marking the first increase since January 2023.

In company news, Canopy Growth Corporation (WEED.TO) has announced that the Ontario Superior Court of Justice has approved two transactions to sell all or substantially all of the assets of BioSteel Canada and BioSteel Manufacturing, LLC. Canopy Growth expects the proceeds will improve the company's balance sheet.

Real Matters Inc. (REAL.TO) reported fourth-quarter net income of US$1.6 million, or US$0.02 per diluted share, as compared with a loss of US$10 million, or US$0.14 per diluted share, a year earlier.

The Canadian market ended flat on Thursday after moving in a tight band in cautious trade amid lingering concerns about global economic slowdown.

The benchmark S&P/TSX Composite Index ended down 4.82 points or 0.02% at 20,053.07, after five successive days of gains.

Asian stocks ended lower on Friday as softer U.S. data and declining oil prices stoked concerns about the global economic outlook.

European markets are up firmly in positive territory today with investors picking up stocks amid expectations that the Federal Reserve may announce two rate cuts next year to support growth.

In commodities, West Texas Intermediate Crude oil futures are up $1.00 or 1.37% at $73.90 a barrel.

Gold futures are gaining $4.30 or 0.23% at $1,991.60 an ounce, while Silver futures are up $0.182 or 0.76% at $24.115 an ounce.

Bay Street Likely To Open On Weak Note

Canadian shares are likely to open lower on Tuesday, tracking weak European markets amid growing uncertainty over U.S. - EU trade talks. Weak crude oil and bullion prices may hurt as well. The economic calendar is blank and there are no big earnings news as well. The mood in the market is likely to remain cautious.

RTTNews | vor 2Std 22 Minuten

GM Q2 Results Down, Yet Beat Market; Backs FY25 View; Shares Hit

Automajor General Motors Co. on Tuesday maintained its fiscal 2025 earnings outlook, after reporting weak profit and revenues in its second quarter. However, adjusted earnings and top line beat market estimates. In the pre-market activity on the NYSE, General Motors shares were losing around 3.7 percent.

RTTNews | vor 3Std 45 Minuten

FTSE Flat At Noon; Compass Group, Centrica Post Strong Gains

U.K. stocks are turning in a mixed performance in cautious trade on Tuesday with investors reacting to some earnings updates, and assessing the possible move of the U.S. and the European Union in the event of the ongoing trade negotiations failing to result in any meaningful solution to the tariff issues.

RTTNews | vor 3Std 46 Minuten

UK Budget Deficit Exceeds Estimate In June

The UK budget deficit widened more than estimated in June on higher debt servicing costs, which has added pressure on Chancellor Rachel Reeves to raise taxes at the autumn budget. Public sector net borrowing rose by GBP 6.6 billion from the previous year to GBP 20.7 billion in June, the Office for National Statistics reported Tuesday.

RTTNews | vor 3Std 52 Minuten

CAC Moderately Lower As Investors Await Progress In Trade Talks

French stocks are notably lower on Tuesday amid rising uncertainty over U.S.-EU trade talks ahead of the August 1 deadline. The mood is very cautious with investors awaiting a slew of earnings updates from big name French companies.

RTTNews | vor 4Std 6 Minuten

DAX Down Nearly 1%; Sartorius Plunges 9%

German stocks are down in negative territory on Tuesday, weighed down by some weak earnings updates and uncertainty about tariffs. The European Union is reportedly preparing to respond with a suite of retaliatory measures under its Anti-Coercion Instrument (ACI) following U.S. President Donald Trump's threat to impose a 30% tariff on EU goods from 1 August.

RTTNews | vor 4Std 20 Minuten

Sensex, Nifty End Choppy Session Marginally Lower

Indian shares ended a choppy session slightly lower on Tuesday due to prevailing uncertainty regarding an interim trade deal between the U.S. and India.

RTTNews | vor 4Std 41 Minuten

Antipodean Currencies As European Shares Decline On Trade Deal Anxiety

The antipodean currencies such as the Australia and New Zealand dollars weakened against their major currencies in the European session on Tuesday, as European shares traded lower, with disappointing earnings and trade anxiety keeping investors on edge.

RTTNews | vor 5Std 20 Minuten

EURUSD	1.17247	GBPUSD	1.35036	AUDUSD	0.65464
USDJPY	146.413	USDCAD	1.36379	USDCHF	0.79539

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Bay Street Seen Opening On Firm Note