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Bay Street Likely To Open Higher

RTTNews | 1058 days ago

Bay Street Likely To Open Higher

(RTTNews) - Canadian shares are likely to open on a positive note on Monday, tracking European markets and higher commodity prices.

Worries about global economic slowdown might weigh on sentiment and limit market's upside. Investors will be looking ahead to U.S. inflation data, due on Tuesday, for more clues about the Federal Reserve's possible moves on interest rates at the upcoming policy meeting. The Canadian market ended on a buoyant note on Friday, with stocks across the board turning in a fine performance thanks to sustained buying interest. The benchmark S&P/TSX Composite Index ended with a gain of 360.34 points or 1.86% at 19,773.34. The index gained about 2.61% in the week.

Asian stocks closed mostly higher on Monday, led by gains in technology and mining sectors amidst a positive global market sentiment ahead of the crucial inflation data from the U.S. on Tuesday.

European stocks are up firmly in positive territory a little past noon on Monday with investors looking ahead to U.S. inflation data, due on Tuesday.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.53 or about 0.6% at $87.32 a barrel.

Gold futures are gaining $9.50 or 0.55% at $1,738.10 an ounce, while Silver futures are up $0.458 or 2.44% at $19.225 an ounce.

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New Zealand Jobless Rate Climbs To 5.2% In Q2

New Zealand Jobless Rate Climbs To 5.2% In Q2

The unemployment rate in New Zealand came in at a seasonally adjusted 5.2 percent in the second quarter of 2025, Statistics New Zealand said on Wednesday.

RTTNews | 19 minutes ago

Taiwan Shares May Head South Again On Wednesday

Taiwan Shares May Head South Again On Wednesday

The Taiwan stock market on Tuesday wrote a finish to the two-day losing streak in which it had slipped more than 270 points or 1.2 percent. The Taiwan Stock Exchange now sits just above the 23,660-point plateau although it may see renewed consolidation on Wednesday.

RTTNews | 22 minutes ago

Singapore Stock Market May Spin Its Wheels On Wednesday

Singapore Stock Market May Spin Its Wheels On Wednesday

The Singapore stock market has climbed higher in two straight sessions, gathering more than 50 points or 1.2 percent along the way. The Straits Times Index now sits just beneath the 4,210-point plateau although it may be stuck in neutral on Wednesday.

RTTNews | 52 minutes ago

Malaysia Bourse May Hand Back Tuesday's Gains

Malaysia Bourse May Hand Back Tuesday's Gains

The Malaysia stock market has alternated between positive and negative finishes through the last five trading days since the end of the three-day losing streak in which it had fallen more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,540-point plateau and it's likely to remain rangebound again on Wednesday.

RTTNews | 1h 22min ago

Japan Shares May Turn Lower Again On Wednesday

Japan Shares May Turn Lower Again On Wednesday

The Japan stock market on Tuesday wrote a finish to the two-day slide in which it had tumbled almost 780 points or 1.8 percent. The Nikkei 225 now sits just shy of the 40,550-point plateau although it may head south again on Wednesday.

RTTNews | 1h 37min ago

South Korea Shares May Be Stuck In Neutral

South Korea Shares May Be Stuck In Neutral

The South Korea stock market has moved higher in back-to-back sessions, advancing almost 80 points or 2.7 percent along the way. The KOSPI now sits just shy of the 3,200-point plateau although the rally may stall on Wednesday.

RTTNews | 1h 52min ago

New Zealand Unemployment Data Due On Wednesday

New Zealand Unemployment Data Due On Wednesday

New Zealand will on Wednesday release Q2 figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to tick up to 5.3 percent from 5.1 percent following a 0.1 percent loss in employment.

RTTNews | 2h 52min ago

U.S. Dollar Declines Amid Soft ISM PMI Data

U.S. Dollar Declines Amid Soft ISM PMI Data

The U.S. dollar dropped against its most major counterparts in the New York session on Tuesday amid soft ISM services PMI data for July.

RTTNews | 3h 33min ago

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