Bay Street Likely To Open On Weak Note

RTTNews | 728天前
Bay Street Likely To Open On Weak Note

(RTTNews) - Lower U.S. and Canadian futures, weak commodity prices and weak cues from Asian and European markets point to a negative open for stocks on Bay Street on Monday.

With some key interest rate decisions, and crucial economic data due this week, the mood is likely to remain cautious. Also, concerns about an escalation in the ongoing war in the Middle East may weigh on the market.

The Bank of Canada is scheduled to announce its interest rate decision on Wednesday. The European Central Bank's monetary policy announcement is due on Thursday.

Data on US GDP, personal consumption expenditure, jobless claims, and personal income & expenditure are among the major economic reports due this week.

Bausch Health Companies (BHC.TO) announced on Saturday that it has received approval from the Food and Drug Administration for Cabtreo, its tropical gel for acne.

The Canadian market ended notably lower on Friday, extending losses from previous sessions. The benchmark S&P/TSX Composite Index closed down 233.17 points or 1.2% at 19,115.64.

Asian stocks closed sharply lower on Monday as the Middle East conflict and the uptick in bond yields weighed on sentiment.

Reports of searches by Chinese tax authorities on Taiwan-based Foxconn Technology Co as well as anxiety ahead of the major tech earnings also weighed.

European stocks are down in negative territory, extending recent losses, amid concerns about the outlook for growth and interest rates, and fears the ongoing conflict in the Middle East could hurt global trade and the world economy.

In commodities, West Texas Intermediate Crude oil futures are down $0.55 or 0.61% at $87.53 a barrel.

Gold futures are down $4.70 or 0.25% at $1,989.70 an ounce, while Silver futures are lower by $0.129 or 0.55% at $23.375 an ounce.

read more
FTSE 100 Modestly Higher; Defence Stocks Shine

FTSE 100 Modestly Higher; Defence Stocks Shine

The UK stock market is modestly higher on Monday, supported by gains in shares of defence and financial companies. In addition to tracking the developments on the geopolitical and trade front, investors are also reacting to some corporate news.
RTTNews | 50分鐘前
Sensex, Nifty Close Higher For 4th Straight Session

Sensex, Nifty Close Higher For 4th Straight Session

Indian shares closed higher for a fourth straight session on Monday, as encouraging results from Reliance Industries and several banks helped lift sentiment. Easing concerns about U.S.-China trade tensions contributed as well to the positive show by the market.
RTTNews | 1小時6分鐘前
Asian Markets Close Higher

Asian Markets Close Higher

Asian markets finished trading on a strongly positive note on Monday, tracking the Wall Street rally on Friday linked to easing trade tensions between the U.S. and China.
RTTNews | 1小時38分鐘前
DAX Rises More Than 1% On Easing US Bank Concerns, U.S.-China Relations

DAX Rises More Than 1% On Easing US Bank Concerns, U.S.-China Relations

German stocks are gaining some notable ground in positive territory on Monday, recovering well from previous session's sharp decline. Easing concerns about the health of the US banking sector, and expectations of improved trade relations between China and the U.S. contribute to the positive mood in the market.
RTTNews | 2小時31分鐘前
Yen Falls Amid Japan Political Jitters

Yen Falls Amid Japan Political Jitters

The Japanese yen weakened against other major currencies in the Asian session on Monday, amid renewed concerns about Japan's fiscal crisis.
RTTNews | 4小時4分鐘前
China GDP Growth Softens Less Than Expected

China GDP Growth Softens Less Than Expected

China's economic growth eased less than feared in the third quarter, indicating that the country remains on track to achieve its full year target despite tariff tensions and deepening property market downturn. Gross domestic product expanded 4.8 percent on a yearly basis in the third quarter after rising 5.2 percent a quarter ago, the National Bureau of Statistics reported Monday.
RTTNews | 4小時21分鐘前
Commodity Currencies Rise After China Rate Decision

Commodity Currencies Rise After China Rate Decision

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against other major currencies in the Asian session on Monday, following the People's Bank of China's (PBOC) decision to maintain its interest rate stability.
RTTNews | 4小時31分鐘前