Bay Street Likely To Open On Mixed Note

RTTNews | hace 741
Bay Street Likely To Open On Mixed Note

(RTTNews) - Canadian shares are likely to open on a mixed note on Tuesday, tracking global stocks and commodity prices. The focus will be on U.S. consumer price inflation data, and the upcoming monetary policy announcement from the Federal Reserve.

The Fed is widely expected to leave interest rates unchanged on Wednesday. The focus is on the central bank's accompanying statement and projections.

Market is also awaiting reports on U.S. producer price inflation, retail sales and industrial production this week.

The Canadian market ended marginally down on Monday, despite recovering from early lows. Consumer discretionary, healthcare, energy and materials shares were the major losers.

The mood was cautious right through the day's session with investors looking ahead to the monetary policy meeting of the Federal Reserve, and a slew of crucial economic data, for direction.

The benchmark S&P/TSX Composite Index ended down 13.18 points or 0.06% at 20,318.36, recovering from a low of 20,209.28.

Asian stocks ended broadly higher on Tuesday after a cautious session as investors awaited cues from key U.S. CPI report and the Federal Reserve's rate decision.

European stocks are turning in a mixed performance in cautious trade ahead of key economic data, and rate decisions by major central banks.

In commodities, West Texas Intermediate Crude oil futures are down $0.37 or 0.52% at $70.95 a barrel.

Gold futures are gaining $9.80 or 0.51% at $2,003.50 an ounce, while Silver futures are up $0.197 or 0.84% at $23.255 an ounce.

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Cautious Optimism Expected In European Markets

Cautious Optimism Expected In European Markets

Stock markets in Europe are expected to trade on a cautiously optimistic note on Tuesday amidst rising geopolitical tensions, Fed rate cut hopes, thin holiday trade as well as mixed reactions to tech valuations.
RTTNews | hace 1h 26min
RBA Minutes: Policymakers Discussed Rate Hike Scenario

RBA Minutes: Policymakers Discussed Rate Hike Scenario

Policymakers of the Reserve Bank of Australia discussed scenarios in which policy tightening may need to be considered, the minutes of the meeting held on December 8 and 9 showed Tuesday. Members became less confident that monetary policy remains restrictive, the minutes showed. Policymakers assessed that inflationary pressures could be a little more persistent than had been previously estimated
RTTNews | hace 1h 30min
Australian Market Sharply Extends Early Gains In Mid-market

Australian Market Sharply Extends Early Gains In Mid-market

The Australian stock market is sharply expending the early gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,750 level, with gains across most sectors led by financial and technology stocks.
RTTNews | hace 3h 57min
Indian Shares Look Headed For Another Positive Start

Indian Shares Look Headed For Another Positive Start

It's likely to be a firm start for Indian shares on Tuesday with investors set to track positive cues from Wall Street and Asian markets. A drop in oil prices is also likely to aid sentiment.
RTTNews | hace 4h 5min
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as the markets extend their gains boosted continued strength among technology stocks. Major currencies in the region also strengthened against the US dollar. Asian markets closed mostly higher on Monday.
RTTNews | hace 4h 9min
Hong Kong Stock Market Tipped To Open In The Green

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.
RTTNews | hace 6h 6min
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 50,400 level, with gains in exporters and financial stocks partially offset by weakness in index heavyweights and technology stocks.
RTTNews | hace 6h 12min