Bay Street Seen Opening On Cautious Note

RTTNews | 1014 days ago

(RTTNews) - Canadian shares are likely to open on a cautious note with a slightly positive bias on Tuesday.

Activity is likely to be largely stock specific with investors reacting to recent quarterly earnings updates.

On the economic front, data on Canada's wholesale sales and manufacturing sales, both for the month of September, are due at 8:30 AM ET.

The Canadian market ended notably lower on Monday, weighed down by sharp losses in healthcare, technology, energy and utilities sections.

The benchmark S&P/TSX Composite Index ended lower by 189.70 points or 0.94% at 19,921.81, the day's low. The index stayed in negative territory right through the day's session.

Asian stocks ended mixed on Tuesday after Wall Street's main indexes ended lower overnight and China data disappointed.

China's relaxation of its COID-related quarantine measures and cautious optimism over the outcome of a face-to-face meeting between U.S. President Biden and his Chinese counterpart helped cap regional losses to some extent.

European shares are swinging between gains and losses in cautious trade as investors continue to assess the likely policy move by the Federal Reserve at its upcoming meetings.

In commodities trading, West Texas Intermediate Crude oil futures for December are down $0.65% or 0.76% at $85.21 a barrel.

Gold futures are up $1.90 or 0.11% at $1,778.80 an ounce, while Silver futures are down $0.083 or 0.38% at $22.030 an ounce.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | 49 minutes ago

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | 1h 10min ago

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 1h 41min ago

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2h 21min ago

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 2h 49min ago

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2h 51min ago

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 3h 6min ago

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 3h 9min ago

EURUSD	1.16292	GBPUSD	1.34546	AUDUSD	0.64771
USDJPY	147.774	USDCAD	1.38572	USDCHF	0.80555