Bay Street Likely To Open Slightly Weak

RTTNews | il y a 997
Bay Street Likely To Open Slightly Weak

(RTTNews) - Sluggish commodity prices and subdued European stocks point to a slightly negative start for the Canadian market on Monday.

With major central banks, including the Federal Reserve, the Bank of England and the European Central Bank set to announce their interest rate decisions this week, the mood is likely to remain cautious.

The Canadian stock market ended marginally up on Friday thanks to strong gains in technology and energy sectors. The benchmark S&P/TSX Composite Index ended with a small gain of 13.98 points or 0.07% at 20,714.48. The index scaled a low of 20,621.91 and a high of 20,762.95.

Asian stocks fell broadly on Monday as investors looked ahead to a busy week of central bank announcements and earnings updates from U.S. tech heavyweights Amazon, Apple, Alphabet and Meta Platforms.

Chinese shares eked out modest gains as traders returned to their desks after a week-long holiday.

China's Shanghai Composite index edged up 0.14 percent to 3,269.32 as the country reported a sharp drop in new COVID-related deaths during the Lunar New Year holiday and the State Council vowed to boost consumption this year.

European stocks are broadly lower in cautious trade with investors focusing on major earnings updates and looking ahead to a slew of central bank meetings.

Data showing a drop in German GDP is weighing as well.

In commodities trading, West Texas Intermediate Crude oil futures are down slightly at $79.66 a barrel.

Gold futures are down $3.70 or 0.19% at $1,925.70 an ounce, while Silver futures are gaining $0.158 or 0.68% at $23.780 an ounce.

read more
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, amid easing trade tensions between the U.S. and China after US President Donald Trump and Chinese President Xi Jinping agreed to meet to resolve tariff issues. Optimism about interest rate cut by the US Fed later this week is also aiding market sentiment. Asian markets ended mix
RTTNews | il y a 27 minutes
Sensex, Nifty Seen Higher At Open

Sensex, Nifty Seen Higher At Open

Indian shares look set to open on a positive note Friday, tracking firm cues from global markets. That said, surging oil prices amid supply fears may lead to some volatility as the session progresses.
RTTNews | il y a 57 minutes
Thai Stock Market May Extend Winning Streak

Thai Stock Market May Extend Winning Streak

Ahead of Thursday's holiday for Chulalongkorn, the Thai stock market had finished higher in three straight sessions, gathering almost 30 points or 2.2 percent in that span. The Stock Exchange of Thailand now sits just above the 1,300-point plateau and it's called higher again on Friday.
RTTNews | il y a 1h 36min
Japanese Market Significantly Higher

Japanese Market Significantly Higher

Reversing the losses in the previous two sessions, the Japanese market is significantly higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 49,150 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks were the only weak spot.
RTTNews | il y a 2h 3min
Additional Support Expected For Indonesia Shares

Additional Support Expected For Indonesia Shares

The Indonesia stock market bounced higher again on Thursday, one day after ending 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's tipped to open to the upside again on Friday.
RTTNews | il y a 2h 6min
Hong Kong Shares Tipped To Open In The Green

Hong Kong Shares Tipped To Open In The Green

The Hong Kong stock market rebounded on Thursday, one day after ending the two-day winning streak in which it had picked up more than 775 points or 2.8 percent. The Hang Seng Index now rests just above the 25,960-point plateau and it's got a solid lead for Friday's trade.
RTTNews | il y a 2h 21min
China Stock Market May Add To Its Winnings On Friday

China Stock Market May Add To Its Winnings On Friday

The China stock market ticked higher again on Thursday, one day after halting the two-day winning streak in which it had advanced more than 75 points or 1.9 percent. The Shanghai Composite Index now sits just above the 3,920-point plateau and it may see additional support on Friday.
RTTNews | il y a 2h 36min
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian stock market is trading slightly higher on Friday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with gains in iron ore miners and technology stocks partially offset by weakness in gold miners and financial stocks.
RTTNews | il y a 2h 49min