Bay Street Likely To See Cautious Open

RTTNews | 866天前
Bay Street Likely To See Cautious Open

(RTTNews) - The Canadian market is likely to open on a cautious note on Thursday with investors looking for direction.

U.S. third-quarter GDP data, due at 8:30 AM ET, is likely to provide some clues about the Fed's likely policy stance.

Canada's average weekly earnings data is also due at 8:30 AM ET.

Canadian stocks ended on a buoyant note on Wednesday thanks to sustained buying at several counters right through the day's session.

Firm crude oil prices, a drop in Canadian consumer price inflation, and data showing a significant improvement in U.S. consumer confidence, contributed to the positive sentiment in the market.

The benchmark S&P/TSX Composite Index ended with a gain of 264.21 points or 1.37% at 19,571.10.

Asian stocks ended broadly higher on Thursday, tracking Wall Street's strong performance overnight. Sentiment was further underpinned after China said it would implement policies to support growth in 2023.

"Making good efforts will help stabilize growth next year. We should seize the time window and pay close attention to the implementation of policies," state media quoted the cabinet as saying after a regular meeting.

European stocks have turned subdued after a positive start, as the mood remains cautious ahead of upcoming Christmas holidays.

In commodities trading, West Texas Intermediate Crude oil futures are up $1.11 or 1.42% at $79.41 a barrel.

Gold futures are down slightly at $1,825.20 an ounce, while Silver futures are lower by $0.234 or 0.97% at $23.970 an ounce.

read more
U.S. Dollar Declines Against Majors

U.S. Dollar Declines Against Majors

The U.S. dollar fell against its major counterparts in the New York session on Tuesday, as investors awaited monetary policy decision from the Federal Reserve due on Wednesday.
RTTNews | 2小時11分鐘前
Canadian Stocks Marginally Down In Cautious Trade

Canadian Stocks Marginally Down In Cautious Trade

Canadian stocks are turning in a mixed performance on Tuesday with investors largely refraining from making significant moves amid lingering concerns about tariffs and some weak earnings updates.
RTTNews | 4小時29分鐘前
Swiss Market Ends Flat After Choppy Session

Swiss Market Ends Flat After Choppy Session

The Switzerland market closed slightly weak after a choppy ride on Tuesday as investors mostly stayed cautious, looking for fresh triggers. The Federal Reserve and the Bank of England are scheduled to announce their rate decisions on Wednesday and Thursday, respectively.
RTTNews | 5小時0分鐘前
European Stocks Close Broadly Lower Ahead Of Key Policy Announcements

European Stocks Close Broadly Lower Ahead Of Key Policy Announcements

European stocks closed broadly lower on Tuesday with investors largely staying cautious, following political and geopolitical developments, digesting economic and earnings updates, and awaiting the monetary policy announcements from the Federal Reserve and the Bank of England, due later in the week.
RTTNews | 5小時16分鐘前
UK Car Sales Drop 10.4% In April As Higher Taxes Hurt - SMMT

UK Car Sales Drop 10.4% In April As Higher Taxes Hurt - SMMT

New car registrations in the U.K. decreased in April mainly due to customers making purchases early to avoid higher taxes that came into effect at the start of the month, though electric car sales continued to increase, monthly data from the Society of Motor Manufacturers and Traders showed on Tuesday.
RTTNews | 7小時14分鐘前
U.S. Trade Deficit Spikes To Record High In March As Import Surge

U.S. Trade Deficit Spikes To Record High In March As Import Surge

The U.S. trade deficit spiked by much more than expected in the month of March, according to a report released by the Commerce Department on Tuesday. The report said the trade deficit soared to a record high $140.5 billion in March from a revised $123.2 billion in February.
RTTNews | 8小時1分鐘前
Eurozone Private Sector Growth Eases On Weaker Demand

Eurozone Private Sector Growth Eases On Weaker Demand

Euro area private sector growth weakened in April as soft demand conditions limited the speed of expansion and weighed on sentiment, final results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB final composite output index fell to 50.4 in April from 50.9 in March, but the reading suggested growth for the fourth straight month.
RTTNews | 9小時4分鐘前