Bay Street Likely To Open On Mixed Note; Bank Stocks In Focus

RTTNews | 714日前
Bay Street Likely To Open On Mixed Note; Bank Stocks In Focus

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

The mood is likely to remain cautious with investors awaiting a slew of economic data from Canada and the U.S.

In Canadian earnings news, Bank of Montreal (BMO.TO) reported third-quarter net income of $1,454 million, compared with $1,365 million in the year-ago quarter. Adjusted net income for the third quarter of the current financial year was $2,037 million, compared with $2,132 million a year ago.

Bank of Nova Scotia (BNS.TO) reported net income of $2,212 million for the third quarter of the current financial year, compared to $2,594 million a year ago. On adjusted basis, net income was $2,2227 in the third quarter, compared to $2,611 million in the year-ago quarter.

CAE Inc. (CAE), a Canadian flight training company, said on Tuesday that it has inked a 10-year pilot training deal with Batik Air. With this, CAE will deploy and operate an advanced B737 MAX full-flight simulator at Batik Air's facility in Kuala Lumpur.

The Canadian market turned in a fine performance on Monday, with stocks from various sectors moving higher on sustained buying interest.

China's stimulus to ease market unrest and drive economic growth, and firm commodity prices aided sentiment.

The benchmark S&P/TSX Composite Index ended up by 189.39 points or 0.95% at 20,025.14.

Asian stocks ended broadly higher on Tuesday amid positive sentiment stemming from Fed pause hopes and Chinese stimulus measures.

Markets looked ahead to a raft of key economic readings from the U.S. and China this week for additional clues on the rate and economic outlook.

Chinese shares climbed on expectations that policymakers will unveil more supportive measures to support the sputtering economy.

European stocks are up in positive territory with expectations for more policy support from top consumer China, and Fed pause hopes aiding sentiment.

In commodities, West Texas Intermediate Crude oil futures are up $0.55 or 0.69% at $80.65 a barrel.

Gold futures are down $1.00 or 0.05% at $1,945.80 an ounce, while Silver futures are down marginally at $24.245 an ounce.

read more
European Economic News Preview: UK Unemployment Data Due

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and economic confidence from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics publishes UK unemployment data. The jobless rate is forecast to remain unchanged at 4.7 percent in the second quarter. At 3.00 am ET, retail sales figures are due from Turkey.
RTTNews | 3時28分前
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks partially offset by weakness in mining and technology stocks.
RTTNews | 5時5分前
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.
RTTNews | 5時43分前
Sensex, Nifty Set For Muted Open On Mixed Global Cues

Sensex, Nifty Set For Muted Open On Mixed Global Cues

Indian shares are seen opening flat to slightly lower on Tuesday after rising sharply in the previous session as the announcement of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets.
RTTNews | 6時15分前