Bay Street Seen Opening On Weak Note

RTTNews | 913 दिनों पहले

(RTTNews) - Lower Canadian and U.S. stock futures and weak commodity prices point to a negative start for Canadian shares on Thursday.

Worries about rising Covid-19 cases in China, and concerns about outlook for U.S. interest rates in the coming months are likely to weigh as well on sentiment.

San Francisco Federal Reserve President Mary Daly said on Wednesday that pausing rate hikes is off the table right now.

Federal Reserve Governor Christopher Waller said that he won't make a final decision on tightening before the release of jobs data and price consumption expenditures report.

The Canadian market ended marginally down on Wednesday with investors largely making cautious moves.

In addition to digesting the data on Canadian inflation, investors closely followed the developments on the geopolitical front following a missile blast in Poland.

The benchmark S&P/TSX Composite Index ended lower by 36.82 points or 0.18% at 19,957.96 after scaling a low of 19,897.26 and a high of 20,011.58 intraday.

Asian stocks ended mixed on Thursday, with worries about ongoing China's COVID curbs and hawkish remarks from a slew of Federal Reserve officials keeping investors nervous.

European stocks are broadly lower in cautious trade as focus shifts to rising numbers of COVID-19 cases in China.

In commodities trading, West Texas Intermediate Crude oil futures are down $1.49 or 1.74% at $84.10 a barrel.

Gold futures are down $7.70 or 0.42% at $1,767.90 an ounce, while Silver futures are lower by $0.459 or 2.12% at $21.065 an ounce.

Australian Market Halves Early Losses In Mid-market

The Australian stock market is halving its early losses in mid-market trading on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, energy and financial stocks partially offset by gains in gold miners.

RTTNews | 1घंटे 11 मिनट पहले

Asian Markets Trade Mostly Lower

Asian stock markets are mostly lower on Monday, following the positive cues from Wall Street on Friday, as traders react to surprise downgrade of the US government's credit rating by one notch to Aa1 by Moody's Ratings, being the last of the three major credit rating agencies to downgrade it. They also react to China announcing anti-dumping duties on plastics from the U.S., EU, Japan and Taiwan.

RTTNews | 1घंटे 27 मिनट पहले

Sensex, Nifty Seen Lower On US Debt Concerns

Indian shares look set to open lower on Monday as investors fret about the changing geo-political landscape in India's neighborhood as a new bonhomie between Bangladesh, China and Pakistan takes shape silently.

RTTNews | 1घंटे 58 मिनट पहले

Thai Bourse May Reclaim 1,200-Point Plateau

The Thai stock market has alternated between positive and negative finishes through the last eight trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,195-point plateau and it's expected to open to the upside again on Monday.

RTTNews | 2घंटे 39 मिनट पहले

Japanese Market Notably Lower

The Japanese stock market is trading notably lower on Monday, extending the losses in the previous three sessions, despite the broadly positive cues from Wall Street on Friday, with the Nikkei 225 falling below the 37,600 level, with a mixed performance across most sectors.

RTTNews | 3घंटे 4 मिनट पहले

Win Streak May Continue For Indonesia Stock Market

The Indonesia stock market has finished higher in four straight sessions, improving more than 275 points or 4 percent in that span. The Jakarta Composite Index now rests just above the 7,100-point plateau and it's expected to extend its gains again on Monday.

RTTNews | 3घंटे 9 मिनट पहले

Hong Kong Bourse May Find Traction On Monday

The Hong Kong stock market has moved lower in two straight sessions, dropping almost 300 points or 1.3 percent along the way. The Hang Seng Index now sits just beneath the 23,350-point plateau although it's due for support on Monday.

RTTNews | 3घंटे 24 मिनट पहले

Australian Market Notably Lower

The Australian stock market is notably lower on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, technology and financial stocks partially offset by gains in gold miners.

RTTNews | 3घंटे 33 मिनट पहले

EURUSD	1.11821	GBPUSD	1.32969	AUDUSD	0.64081
USDJPY	145.284	USDCAD	1.397	USDCHF	0.8363

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Bay Street Seen Opening On Weak Note