Bay Street Likely To Open Slightly Higher

RTTNews | 835 दिनों पहले

(RTTNews) - Canadian shares are likely to open flat or slightly higher on Monday, tracking global markets and commodity prices.

With several top U.S. and Canadian companies scheduled to announce their earnings, and some key economic data due during the course of this week, the mood is likely to remain a bit cautious.

Pan American Silver Corp (PAAS.TO) shares will be in focus after the company said it plans to sell its 56% stake in the Minera Agua Rica Alumbrera copper project in Argentina for about $475 million.

The Canadian market ended on a firm note on Friday, lifted by strong gains in energy, technology and materials shares. The mood remained positive amid easing fears of a U.S. recession this year, and on hopes the Fed tightening cycle will end soon.

The benchmark S&P/TSX Composite Index ended with a gain of 133.90 points or 0.66% at 20,519.37. The index posted a marginal 0.1% decline for the week.

Asian stocks advanced on Monday as weak Chinese data spurred hopes of more policy stimulus and the Bank of Japan stepped into the bond market to influence rates.

Chinese shares eked out modest gains, after the State Council announced further measures to bolster consumption. China's manufacturing activity fell for a fourth straight month in July while the services and construction sectors teetered on the brink of contraction, official data showed today.

European stocks are slightly higher after opening marginally down after data showed eurozone returned to growth in the second quarter amid falling inflation.

GDP in the euro area grew 0.3% in the second quarter of 2023 compared to the previous quarter, Eurostat reported.

Separate figures from the statistical office revealed that Eurozone inflation fell in line with expectations to 5.3% year-on-year in July, compared with 5.5% in June.

In commodities, West Texas Intermediate Crude oil futures are up $0.75 or 0.93% at $81.33 a barrel.

Gold futures are down $1.70 or 0.08% at $1,958.70 an ounce, while Silver futures are up marginally at $24.500 an ounce.

Australian Market Extends Early Losses In Mid-market

The Australian market is sharply extending its early losses in mid-market moves on Thursday, adding to the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,750 level, with weakness is financial, energy and technology stocks partially offset by gains in gold miner stocks.

RTTNews | 1घंटे 50 मिनट पहले

Asian Markets Mixed Amid Cautious Trades

Asian markets are mixed on Thursday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead of the release of a barrage of US economic data after the US House of Representatives voted on a bill to end the longest government shutdown in U.S. history. The end to the impasse would enable the US Fed to gauge the economy precisely well ahead of its December meeting.

RTTNews | 1घंटे 55 मिनट पहले

Higher Open Called For Thai Stock Market

The Thai stock market has finished lower in consecutive trading days, dropping more than 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,285-point plateau although it's expected to find traction on Thursday.

RTTNews | 3घंटे 27 मिनट पहले

Japanese Market Notably Higher

The Japanese market is notably higher on Thursday, extending the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 51,250 level, with gains across most sectors led by technology and financial stocks. Index heavyweights were weak.

RTTNews | 3घंटे 44 मिनट पहले

Indonesia Bourse May Extend Wednesday's Gains

The Indonesia stock market on Wednesday ended the two-day slide in which it had fallen almost 30 points or 0.4 percent. The Jakarta Composite Index now sits just beneath the 8,390-point plateau and it may add to its winnings on Thursday.

RTTNews | 3घंटे 57 मिनट पहले

Hang Seng May Breach 27,000-Point Level

The Hong Kong stock market has moved higher in three straight sessions, advancing almost 675 points or 2.9 percent along the way. The Hang Seng Index now rests just above the 26,920-point plateau and it's expected to open to the upside again on Thursday.

RTTNews | 4घंटे 12 मिनट पहले

Australian Market Modestly Lower

The Australian market is trading modestly lower on Thursday, adding to the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,800 level, with weakness is financial, energy and technology stocks partially offset by gains in mining stocks.

RTTNews | 4घंटे 14 मिनट पहले

China Shares May Find Traction On Thursday

The China stock market has moved lower in two straight sessions, sinking almost 20 points or 0.5 percent along the way. The Shanghai Composite Index now sits just above the 4,000-point plateau although it figures to move back to the upside on Thursday.

RTTNews | 4घंटे 27 मिनट पहले

EURUSD	1.15877	GBPUSD	1.31215	AUDUSD	0.65531
USDJPY	154.834	USDCAD	1.40097	USDCHF	0.79862