Bay Street Likely To Open With Negative Gap

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(RTTNews) - Lower U.S. and Canadian futures and a sell-off in European markets point to a negative start for the Canadian market on Friday.

Falling crude oil prices may weigh on energy stocks.

Amid renewed concerns about the strength of the banking industry, European markets are down sharply today, with bank stocks bearing the brunt of selling pressure.

Data on Canadian retail sales for the month of January is due at 8:30 AM ET.

Retail sales in Canada likely rose 0.7% month-over-month in January, according to preliminary estimates.

Preliminary data on wholesale sales and manufacturing sales for February are also due at 8:30 AM ET.

After staying positive till around mid afternoon, the Canadian market retreated and closed weak on Thursday, led by losses in energy and financials shares.

The benchmark S&P/TSX Composite Index, which climbed to 19,681.84, ended with a loss of 72.86 points or 0.37% at 19,459.92.

Asian stocks ended broadly lower on Friday as concerns about the banking crisis persisted despite comments from regulators that they would take additional steps as needed to support the financial system.

European stocks are plunging sharply, with those from the banking sector taking a severe beating, on reports that Credit Suisse and UBS Group are among the banks under scrutiny in a U.S. Justice Department probe for potentially helping Russian oligarchs evade sanctions.

In commodities, West Texas Intermediate Crude oil futures are down $2.52 or 3.61% at $67.44 a barrel.

Gold futures are up $2.40 or 0.12% at $1,998.30 an ounce, while Silver futures are gaining $0.084 or 0.36% at $23.340 an ounce.

Australian Market Trims Early Slight Gains In Mid-market

The Australian stock market is trimming its early slight gains in mid-market moves in choppy trading on Wednesday, reversing some of the sharp losses in the previous session, with the benchmark S&P/ASX 200 staying well above the 8,450 level, despite the broadly negative cues from Wall Street overnight, with gains in gold miner stocks partially offset by weakness in financial stocks.

RTTNews | il y a 1h 41min

Asian Markets Trade Mostly Higher

Asian markets are trading mostly higher on Wednesday, despite the negative cues from Wall Street overnight, as traders look to pick up stocks at a bargain following the three-day sell-off in the markets. They are also cautious ahead to the release of some US economic data that was delayed, including the September jobs report on Thursday for clues on the outlook for interest rates.

RTTNews | il y a 1h 58min

Indian Shares Seen Little Changed With Focus On Trade Deal

Indian markets look set to open on a flat note Wednesday as investors watch the latest developments on the India-U.S. trade deal.

RTTNews | il y a 2h 25min

Thai Stock Market May Extend Tuesday's Losses

The Thai stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had given up more than 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,270-point plateau and it's got another weak lead for Wednesday's trade.

RTTNews | il y a 3h 9min

Japanese Market Slightly Higher

The Japanese stock market is slightly higher on Wednesday after opening in the green and briefly slipping in to the red, reversing some of the losses in the previous three sessions, following the negative cues from Wall Street overnight. The Nikkei 225 is staying above the 48,700 level, with gains in automakers and index heavyweights partially offset by weakness in financial and technology stocks.

RTTNews | il y a 3h 24min

Lower Open Called For Indonesia Stock Market

The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had slipped almost 20 points or 0.3 percent. The Jakarta Composite Index now sits just above the 8,360-point plateau although the losses may accelerate on Wednesday.

RTTNews | il y a 3h 39min

Hong Kong Shares Expected To Open In The Red

The Hong Kong stock market has finished lower in three straight sessions, slumping almost 1,150 points or 4.3 percent along the way. The Hang Seng Index now rests just above the 25,900-point plateau and it may extend its losses on Wednesday.

RTTNews | il y a 3h 54min

Australian Market Slightly Higher

Australian shares are trading slightly higher on Wednesday, reversing some of the sharp losses in the previous session, with the benchmark S&P/ASX 200 staying well above the 8,450 level, despite the broadly negative cues from Wall Street overnight, with gains in gold miner stocks partially offset by weakness in financial stocks. Most other sectors are performing mixed.

RTTNews | il y a 4h 1min

EURUSD	1.1581	GBPUSD	1.31367	AUDUSD	0.64803
USDJPY	155.374	USDCAD	1.39993	USDCHF	0.80022