BoC Rate Decision, U.S. Inflation Data To Set Up The Stage For Canadian Stocks

RTTNews | vor 319 Tagen

(RTTNews) - The Bank of Canada's interest rate decision and the post meet press conference, as well as U.S. inflation data, will set the trend for stocks on Bay Street Wednesday morning.

The Canadian central bank, scheduled to announce its interest rate decision at 9:45 AM ET, is widely expected to lower its benchmark rate by 50 basis points.

Investors will also be reacting to U.S. consumer price inflation data.

The Canadian market closed weak on Tuesday, weighed down by losses in healthcare and technology sectors. Stocks from energy and real estate sectors too found the going tough.

The mood was cautious with investors looking ahead to the Bank of Canada's interest rate decision and U.S. consumer price inflation data, due on Wednesday.

The Canadian central bank is widely expected to cut interest rate by 50 basis points.

Roots Corporation (ROOT.TO) reported a net income of $2.4 million for the third quarter, compared to net income of $0.5 million in the year-ago quarter.

Bausch + Lomb Corporation (BLCO.TO) announced that its affiliate has acquired Elios Vision for an undisclosed sum. The company said the acquisition "unlocks new opportunities to treat glaucoma effectively in conjunction with cataract surgery without implants" and bolsters Bausch + Lomb's glaucoma portfolio, which features pharmaceutical and surgical approaches.

The benchmark S&P/TSX Composite Index, which remained in negative territory right through the session, closed down 121.09 points or 0.47% at 25,504.33.

Asian stocks ended mixed on Wednesday as traders awaited key U.S. CPI data due later in the day that could influence the Federal Reserve's interest -rate decision next week. Investors also braced for China's two-day Central Economic Work Conference that is expected to map out policies for next year.

European stocks have recovered after a weak start and are slightly up in cautious trade as investors await U.S. consumer price inflation data due later in the day, and the European Central Bank's monetary policy announcement on Thursday.

In commodities, West Texas Intermediate Crude oil futures are up $0.98 or about 1.43% at $69.57 a barrel.

Gold futures are gaining $8.50 or 0.32% at $2,726.90 an ounce, while Silver futures are down $0.152 or 0.46% at $32.595 an ounce.

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving a tad above the 9,050.00 level, with gains in mining, financial and technology stocks.

RTTNews | vor 26 Minuten

Asian Markets Track Wall Street Higher

Asian stock markets are mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, as traders remain optimistic the US Fed will cut interest rate by another 50 bps by year-end on easing trade tensions between the U.S. and China and cooler-than-expected US consumer price inflation data. They now look ahead to the Fed's monetary policy announcement later in the week.

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Sensex, Nifty Seen Opening Up On Firm Global Cues

Indian shares are likely to open higher on Monday as global trade tensions eased, and soft U.S. inflation data fueled rate cut hopes.

RTTNews | vor 1Std 20 Minuten

Rebound Anticipated For Indonesia Stock Market

The Indonesia stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had jumped more than 310 points or 3.9 percent. The Jakarta Composite Index now rests just above the 8,270-point plateau and it may bounce higher again on Monday.

RTTNews | vor 2Std 23 Minuten

Hong Kong Shares Poised To Open To The Upside

The Hong Kong stock market has moved higher in consecutive trading days, improving more than 380 points or 1.4 percent along the way. The Hang Seng Index now rests just above the 26,160-point plateau and it may open higher again on Monday.

RTTNews | vor 2Std 38 Minuten

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 surging to an all-time high above the 50,150 level, with gains across most sectors led by index heavyweights, financial and technology stocks.

RTTNews | vor 2Std 41 Minuten

China Stock Market May Add To Its Winnings On Monday

The China stock market has moved higher in back-to-back sessions, collecting more than 35 points or 0.9 percent in that span. The Shanghai Composite Index now sits just above the 3,950-point plateau and it's tipped to open in the green on Monday.

RTTNews | vor 2Std 53 Minuten

Australian Market Notably Higher

The Australian stock market is notably higher on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well below the 9,050.00 level, with gains in mining, financial and technology stocks.

RTTNews | vor 2Std 59 Minuten

EURUSD	1.16301	GBPUSD	1.33228	AUDUSD	0.65322
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