Canadian Shares Likely To Open On Positive Note

RTTNews | 788日前

(RTTNews) - Bay Street looks headed for a positive start on Thursday, tracking firm crude oil prices and rising expectations the Federal Reserve is nearing the end of its tightening cycle.

Canadian Imperial Bank of Commerce (CM.TO) posted net income of $1,430 million in the third quarter of the current financial year, compared to $1,666 million in the corresponding quarter last year.

Laurentian Bank (LB.TO) reported third-quarter net income of $49.3 million, compared to $55.9 million in the year-ago quarter.

On the economic front, data from the Canadian Federation of Independent Business showed Canada's CFIB Business Barometer long-term optimism index increased by 0.4 points from the previous month to 54.8 in August.

The Canadian market ended marginally up on Wednesday after a somewhat lackluster session. The benchmark S&P/TSX Composite Index ended with a gain of 39.91 points or 0.2% at 20,330.32, after scaling a low of 20,309.42 and a high of 20,403.36 intraday.

Despite easing concerns about U.S. interest rates after data showed a slowdown in private sector growth and a drop in second-quarter GDP growth, the mood in the Canadian market was a bit cautious with investors awaiting Canadian GDP data.

Asian stocks ended mixed on Thursday as investors digested key data from China and Japan and looked ahead to forthcoming inflation readings in Europe and the U.S. for additional clues on the outlook for interest rates.

Weak U.S. economic data released overnight dampened the dollar's strength while oil prices were little changed in Asian trade after climbing on Wednesday on bullish inventory data and hurricane jitters.

European stocks are broadly higher amid hopes that the Federal Reserve is nearing the end of its tightening cycle, and more stimulus measures from the Chinese government.

In commodities, West Texas Intermediate Crude oil futures are up $0.78 or 0.96% at $82.41 a barrel.

Gold futures are down $1.40 or 0.07% at $1,971.60 an ounce, while Silver futures are lower by $0.159 or 0.64% at $24.575 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, reversing the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 9,050 level, with weakness across most sectors led by gold miners and technology stocks. Financial stocks are the only bright spot.

RTTNews | 45分前

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are mixed on Tuesday, following the positive cues from Wall Street overnight, as traders remain cautious and are reluctant to take major positions ahead of the monetary policy announcements from the European Central Bank, the US Fed and the Bank of Japan this week. Optimism about a potential U.S.-China trade deal and an interest rate cut by the Fed are aiding market sentiment.

RTTNews | 1時16分前

Sensex, Nifty To See Muted Start

Indian shares look set to open on a muted note Tuesday, tracking mostly weak cues from other Asian markets.

RTTNews | 1時38分前

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Tuesday, reversing some of the strong gains in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 50,400 level, with a mixed performance across most sectors.

RTTNews | 2時46分前

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, reversing to the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 9,050 level, with weakness across most sectors led by gold miners and technology stocks. Financial stocks are the only bright spot.

RTTNews | 3時17分前

Canadian Dollar Falls Against Majors

The Canadian dollar weakened against its major counterparts in the New York session on Monday.

RTTNews | 5時7分前

Swiss Market Ends Modestly Lower

The Switzerland market closed on a weak note on Monday, after languishing in negative territory right through the day's trading session as investors remained hesitant to pick up stocks, choosing to wait for some crucial economic data, and the monetary policy announcements from several central banks.

RTTNews | 9時49分前

European Stocks Close Mostly Higher On Easing Trade Tensions

European stocks closed on a positive note on Monday with investors focusing on the upcoming monetary policy announcements from several central banks, including the European Central Bank, the Federal Reserve and the Bank of Japan, and following the developments on U.S.-China trade front.

RTTNews | 10時5分前

EURUSD	1.16637	GBPUSD	1.33636	AUDUSD	0.65623
USDJPY	152.181	USDCAD	1.3984	USDCHF	0.79349