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TSX Ends At 2-month High
After a somewhat lackluster session, the Canadian market ended modestly higher on Monday. Amid a lack of triggers, the mood remained cautious right through the day's session.
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RBA Minutes On Tap For Tuesday
The Reserve Bank of Australia will on Tuesday release the minutes from its Nov. 7 monetary policy meeting, highlighting a light day for Asia-Pacific economic activity.
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Swiss Market Ends Flat
The Switzerland stock market ended flat on Monday after spending much of the day's session in negative territory in cautious trade.
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European Markets Close On Mixed Note
The major European markets ended mixed on Monday with investors digesting the latest batch of economic data and looking ahead to speeches from top officials of a few central banks and the minutes from the Federal Reserve's latest monetary policy meeting, for clues about future interest-rate moves.
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Canadian Market Modestly Higher At Noon; Energy, Materials Shares Rise
The Canadian market is modestly higher around noon on Monday with investors largely making cautious moves amid a lack of fresh triggers. The minutes from the Federal Reserve's latest policy meeting is due on Tuesday, and the document is likely to provide more clarity about the U.S. central bank's interest-rate path.
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U.S. Leading Economic Index Drops More Than Expected In October
The Conference Board released a report on Monday showing its reading on leading U.S. economic indicators fell by more than expected in the month of October. The report said the leading economic index slid by 0.8 percent in October after falling by 0.7 percent in September. Economists had expected the index to decrease by 0.6 percent.
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Dollar Rally Fizzled Last Week As Flat CPI Lifted Rate Cut Hopes
A resurgence in the U.S. dollar, aided and abetted by the recent hawkish narrative from Fed speakers fizzled as October's inflation readings showed inflation in the U.S. flat on a month-on-month basis.
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Euro Climbs To 5-day High Against Franc
The euro strengthened against the franc during the European session on Monday.
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Canadian Dollar Falls Against Majors
The Canadian dollar weakened against its major counterparts in the European session on Monday.
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GM Robo-taxi Cruise's CEO Kyle Vogt Resigns
Kyle Vogt, CEO and Co-Founder of Cruise LLC, the autonomous vehicle company owned by General Motors, has resigned from his role amid an ongoing safety review of its U.S. fleet, reports said citing an email to the staff. Following a pedestrian crash in San Francisco on October 2, the state of California had suspended the firm's license to operate driverless cars.
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Pound Weakens Against Majors
The pound declined against its key counterparts in the European session on Monday.
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Canadian Shares Likely To See Mixed Open
Bay Street is likely to see a mixed start on Monday, tracking crude oil's uptick and weak bullion prices. With the focus on the release of the minutes from U.S. central bank's latest policy meeting, the mood is likely to remain somewhat cautious.
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Yen Rises As European Shares Traded Lower
The Japanese yen strengthened against other major currencies in the European session on Monday as European stock markets traded lower, after last week's sharp rally on expectations that falling inflation across industrialized countries will prompt global central banks to start cutting interest rates next year.
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