Bay Street Likely To Open Slightly Weak

RTTNews | il y a 996
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.

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Australian Market Swings To Modest Gains In Mid-market

Australian Market Swings To Modest Gains In Mid-market

The Australian market is swinging to modest gains in mid-market moves on Thursday, reversing some of the losses in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well above the 9,000 mark, with gains in gold miners and energy stocks partially offset by weakness in iron ore miners, financial and technology stocks.
RTTNews | il y a 15 minutes
Asian Markets Trade Mostly Higher

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Asian markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, amid optimism about the outlook for interest rates as markets are pricing in another rate cut by the U.S. Fed at its upcoming October 28-29 monetary policy meeting, despite the absence of vital data to gauge the trajectory of the economy. Asian markets closed mostly lower on Wednesday
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Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese market is sharply lower on Thursday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 48,700 level, with weakness across most sectors led by index heavyweights and technology stocks.
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Indonesia Stock Market May Extend Wednesday's Losses

Indonesia Stock Market May Extend Wednesday's Losses

The Indonesia stock market on Wednesday snapped the two-day winning streak in which it had jumped more than 310 points or 3.9 percent along the way. The Jakarta Composite Index now rests just above the 8,150-point plateau and it's likely to open in the red again on Thursday.
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Lower Open Predicted For Hong Kong Stock Market

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The Hong Kong stock market on Wednesday ended 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 25,780-point plateau and it's looking at another soft start again on Thursday.
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Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian market is trading modestly lower on Thursday, adding to the losses in the previous two sessions following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 9,000 mark, with weakness in iron ore miners, financial and technology stocks partially offset by gains in gold miners and energy stocks.
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China Bourse May Extend Wednesday's Losses

China Bourse May Extend Wednesday's Losses

The China stock market on Wednesday ended the two-day winning streak in which it had advanced more than 75 points or 1.9 percent. The Shanghai Composite Index now sits beneath the 3,915-point plateau and the losses may accelerate on Thursday.
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