Bay Street Seen Opening On Mixed Note

RTTNews | 674日前
Bay Street Seen Opening On Mixed Note

(RTTNews) - Canadian shares are likely to open on a mixed note Monday morning, tracking global stocks and the commodities markets. Worries about escalating tensions in the Middle East may weigh on the market.

In company news, Logistec Corp. (LGT.B.TO) announced Monday that it has signed a definitive agreement to be acquired by Blue Wolf Capital Partners LLC for C$67.00 in cash per share.

Teck Resources Limited (TECK_B.TO) reported that its third quarter steelmaking coal sales were 5.2 million tonnes, below its guidance of 5.6 million tonnes - 6.0 million tonnes due to slower than anticipated supply chain recovery following the impacts of B.C. wildfires and the labour disruption at B.C. ports, and plant challenges.

On the economic front, final data on Canadian manufacturing sales for the month of August is due at 8:30 AM ET. Preliminary data showed that manufacturing sales in Canada likely rose by 1% from a month earlier in August, following a 1.6% gain in July.

Wholesale sales data for the month of August is also due at 8:30 AM ET. Wholesale sales in Canada rose by 0.2% month-over-month to C$81.3 billion in July.

The Canadian market ended modestly lower on Friday, as worries about inflation and outlook for interest rates weighed on sentiment.

The benchmark S&P/TSX Composite Index, which climbed about 160 points to 19,659.13 in early trades, dropped to a low of 19,435.04 around mid afternoon before finally settling at 19,462.86 with a loss of 37.38 points or 0.19%. The index gained about 1.1% in the week.

Asian stocks fell in cautious trade on Monday amid fears that the Israel-Hamas war could spark a wider conflict in the oil-rich region.

Israeli Prime Minister Benjamin Netanyahu's office today denied reports of a ceasefire in Gaza that would enable aid to enter and foreigners to flee to Egypt, 10 days into the war with Hamas.

After a positive start and a subsequent retreat, European stocks have edged higher today in cautious trade amid concerns about escalating tensions in the Middle East and rising Treasury yields.

Israel's Ambassador to the UN, Gilad Erdan said his country "has no interest" in occupying Gaza but will do "whatever is needed" to eliminate the Palestinian Hamas militant group which controls the densely populated coastal enclave.

In commodities, West Texas Intermediate Crude oil futures are up marginally at $87.75 a barrel.

Gold futures are down $13.10 or 0.67% at $1,928.40 an ounce, while Silver futures are lower by $0.125 or 0.56% at $22.770 an ounce.

read more
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian market is extending early gains in mid-market moves on Thursday, adding to the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 9,000 mark to fresh all-time highs, with gains across most sectors led by mining, financial and energy stocks.
RTTNews | 48分前
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, after reports indicated the Trump administration is looking into the federal government taking equity stakes in Intel and other chipmakers in return for the federal subsidies. Traders also remain optimistic about the US Fed cutting interest rates is September.
RTTNews | 1時11分前
Renewed Selling Pressure Tipped For Thai Stock Market

Renewed Selling Pressure Tipped For Thai Stock Market

The Thai stock market on Wednesday wrote a finish to the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may hand back those gains on Thursday.
RTTNews | 2時14分前
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 42,650 level, with weakness in index heavyweights, automakers and financial stocks.
RTTNews | 2時22分前
Australian Market Notably Higher

Australian Market Notably Higher

The Australian market is trading notably higher on Thursday, following the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,950 level to record all-time highs, with gains across most sectors led by mining and energy stocks.
RTTNews | 2時41分前
Indonesia Stock Market May Head South Again On Thursday

Indonesia Stock Market May Head South Again On Thursday

The Indonesia stock market on Wednesday ended the two-day losing streak in which it had dropped almost 70 points or 0.9 percent. The Jakarta Composite Index now sits just beneath the 7,950-point plateau although it may hand back those gains on Thursday.
RTTNews | 2時43分前
Lower Open Anticipated For Hong Kong Shares

Lower Open Anticipated For Hong Kong Shares

The Hong Kong stock market on Wednesday ended the four-day losing streak in which it had fallen more than 480 points or 1.7 percent. The Hang Seng Index now rests just above the 25,165-point plateau although it may open under water on Thursday.
RTTNews | 2時58分前