Bay Street Seen Opening On Firm Note

RTTNews | 612天前

(RTTNews) - Canadian shares look set to end on a positive note Friday morning, tracking firm European markets and higher commodity prices. A drop in bond yields is also expected to aid sentiment.

Data on Canadian producer prices and raw materials prices for the month of October are due at 8:30 AM ET.

Industrial producer prices in Canada rose by 0.4% over a month in September 2023, easing from an upwardly revised 1.9% hike in August. Yearly, producer prices soared by 0.6% in September, from an upwardly revised flat reading in the previous month

The Raw Materials Price Index in Canada rose by 3.5% month-over-month in September 2023, accelerating from a 3% increase in August. Year-on-year, raw materials prices advanced by 2.4% in September, marking the first increase since January 2023.

In company news, Canopy Growth Corporation (WEED.TO) has announced that the Ontario Superior Court of Justice has approved two transactions to sell all or substantially all of the assets of BioSteel Canada and BioSteel Manufacturing, LLC. Canopy Growth expects the proceeds will improve the company's balance sheet.

Real Matters Inc. (REAL.TO) reported fourth-quarter net income of US$1.6 million, or US$0.02 per diluted share, as compared with a loss of US$10 million, or US$0.14 per diluted share, a year earlier.

The Canadian market ended flat on Thursday after moving in a tight band in cautious trade amid lingering concerns about global economic slowdown.

The benchmark S&P/TSX Composite Index ended down 4.82 points or 0.02% at 20,053.07, after five successive days of gains.

Asian stocks ended lower on Friday as softer U.S. data and declining oil prices stoked concerns about the global economic outlook.

European markets are up firmly in positive territory today with investors picking up stocks amid expectations that the Federal Reserve may announce two rate cuts next year to support growth.

In commodities, West Texas Intermediate Crude oil futures are up $1.00 or 1.37% at $73.90 a barrel.

Gold futures are gaining $4.30 or 0.23% at $1,991.60 an ounce, while Silver futures are up $0.182 or 0.76% at $24.115 an ounce.

Canadian Market Marginally Up; Materials Shares Rally

The Canadian market is up in positive territory Monday afternoon, lifted by strong gains in the materials sector thanks to higher metal prices. A few stocks from communications, real estate and technology sectors are also notably higher. The mood is cautious with investors looking for news from the trade front.

RTTNews | 2小時28分鐘前

Swiss Market Ends On Weak Note

Save for a brief while around mid morning, the Switzerland market languished in negative territory during the day's trading session on Monday as investors remained reluctant to make significant moves amid a lack of positive news from the trade front.

RTTNews | 2小時49分鐘前

European Stocks Close On Mixed Note After Cautious Session

European stocks turned in a mixed performance on Monday with investors mostly making cautious moves with their focus on EU - US trade negotiations and corporate news.

RTTNews | 3小時3分鐘前

U.S. Leading Economic Index Dips Slightly More Than Expected In June

A report released by the Conference Board on Monday showed its reading on leading U.S. economic indicators fell by slightly more than expected in the month of June. The Conference Board said its leading economic index declined by 0.3 percent in June following a revised unchanged reading in May.

RTTNews | 6小時11分鐘前

Bay Street May Open Slightly Higher

Canadian shares open higher on Monday amid some optimism about a few nations striking trade deals with the U.S. ahead of the August 1 deadline. Firm metal prices are likely to trigger some buying in the materials sector.

RTTNews | 7小時52分鐘前

UK Consumer Sentiment Remains Downbeat: S&P Global

British households remained pessimistic about economic conditions and their financial wellbeing in July, survey data from S&P Global showed on Monday. The S&P Global consumer sentiment index rose slightly to 45.1 in July from 45.0 in June. However, the score below 50 signals deterioration.

RTTNews | 8小時42分鐘前

Yen Rises Amid Political Uncertainty After Japan Election

The Japanese yen strengthened against other major currencies in the European session on Monday, after Japan's ruling coalition lost its majority in the upper house, indicating the outcome was mostly priced in. Meanwhile, investors were prepared for market uncertainty ahead of a deadline on U.S. tariff discussions.

RTTNews | 8小時44分鐘前

FTSE 100 Subdued As Investors Look For Direction; Mining Stocks Rise

U.K. stocks are mostly moving in a tight range on Monday as investors await progress in trade negotiations between the U.S. and the European Union, for clues about tariffs.

RTTNews | 9小時24分鐘前

EURUSD	1.1689	GBPUSD	1.34851	AUDUSD	0.65242
USDJPY	147.43	USDCAD	1.36832	USDCHF	0.79847

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Bay Street Seen Opening On Firm Note