Bay Street Looks Set To Open On Firm Note

RTTNews | 974日前

(RTTNews) - Higher Canadian and U.S. futures, and firm crude oil prices point to a positive start for the Canadian market on Monday.

News about an agreement for the takeover of the assets of failed Silicon Valley Bank (SVB) has helped ease fears of a global banking crisis.

First Citizens BancShares has entered into a loss-share transaction for all deposits and loans of the SVB, the U.S. Federal Deposit Insurance Corporation (FDIC) said in a statement.

Remarks by U.S. Fed officials that there is no indication that financial stress is worsening also contribute to the positive sentiment in the markets.

The Canadian market ended modestly higher on Friday, recovering well after an early setback. The benchmark S&P/TSX Composite Index climbed well off its worst levels of the day, eventually closing up 41.57 points or 0.2% at 19,501.49.

Asian shares ended mixed on Monday as banking worries swirled and Chinese industrial profit data disappointed. A cautious undertone prevailed after Deutsche Bank shares fell heavily on Friday on the lender's surging cost of default cover.

German Chancellor Olaf Scholz offered reassurances about the bank, helping offer some respite to investors worried about the spillover effect of monetary policy shifts.

European shares are up firmly in positive territory Monday afternoon follwing an agreement for the takeover of the assets of failed Silicon Valley Bank (SVB) easing fears of a global banking crisis.

Meanwhile, the German Ifo business climate index improved to 93.3 in March versus 90.9 expected despite the turbulence at some international banks, a survey showed.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.88 or 1.27% at $70.14 a barrel.

Gold futures are down $27.80 or 1.4% at $1,956.00 an ounce, while Silver futures are down $0.144 or 0.62% at $23.195 an ounce.

Swiss Stocks Move Higher; SMI Ends Nearly 1% Up

After a positive start and a subsequent fall into negative territory, the Switzerland market recovered and gained in strength as the session progressed on Tuesday to eventually settle on a strong note.

RTTNews | 1時8分前

European Stocks Close On Firm Note As Fed Rate Cut Hopes Continue To Lift Sentiment

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RTTNews | 1時31分前

Canadian Market Extends Recent Gains; Consumer Staples Stocks Shine

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RTTNews | 2時45分前

U.S. Business Inventories Unexpectedly Unchanged In August

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RTTNews | 4時24分前

U.S. Consumer Confidence Deteriorates Much More Than Expected In November

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RTTNews | 4時35分前

U.S. Pending Home Sales Unexpectedly Surge To 11-Month High In October

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RTTNews | 4時54分前

U.S. Producer Price Growth Matches Estimates In September

A long-delayed report released by the Labor Department on Tuesday showed producer prices in the U.S. increased in line with economist estimates in the month of September. The Labor Department said its producer price index for final demand rose by 0.3 percent in September after edging down by 0.1 percent in August. The monthly price growth matched expectations.

RTTNews | 4時57分前

U.S. Retail Sales Rise 0.2% In September, Less Than Expected

Retail sales in the U.S. increased by less than expected in the month of September, according to a long-delayed reported released by the Commerce Department on Tuesday. The Commerce Department said retail sales rose by 0.2 percent in September after climbing by 0.6 percent in August. Economists had expected retail sales to rise by 0.4 percent.

RTTNews | 5時13分前

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