Bay Street Seen Opening On Cautious Note

RTTNews | 842 일 전

(RTTNews) - The Canadian market is likely to open on a cautious note on Tuesday with investors looking ahead to the Bank of Canada's interest rate decision tomorrow.

Flash data on U.S. manufacturing and services sector activity for the month of January, due at 9:45 AM ET, is also likely to impact market's movements.

Higher commodity prices could trigger some buying in energy and materials shares.

In company news, Magna International Inc. (MGA.TO) said sales were around $37.8 billion in fiscal 2022, compared with $36.242 billion in the previous year. In its November outlook, the company had expected to post sales of $37.4 billion to $38.4 billion, for the fiscal.

Metro Inc. (MRU.TO) reported first-quarter net earnings of $231 .1 million, up 11.3%, and adjusted net earnings of $237 .6 million, up 10.9%, over the year-ago quarter.

The Canadian market ended on a strong note on Monday, led by gains in technology and healthcare sectors.

The mood in the market was fairly positive amid rising expectations the central banks, including the Federal Reserve and the Bank of Canada will slow the pace of interest rate hikes thanks to the drop in consumer prices.

The benchmark S&P/TSX Composite Index ended with a gain of 128.37 points or 0.63% at 20,631.58.

Asian stocks ended broadly higher on Tuesday after Wall Street stocks ended higher overnight for a second straight session, fueled by a surge in technology stocks.

Most of the regional markets, including South Korea, Malaysia, Singapore, China, Hong Kong and Taiwan, were closed for the Lunar New Year holiday.

European stocks are weak as investors make cautious moves, assessing the outlook for economic and earnings growth.

The eurozone economy expanded in January for the first time in seven months, the results of a purchasing managers survey showed today, helping ease fears of an impending recession.

The S&P Global Flash Eurozone PMI Composite Output Index, which gauges activity in the manufacturing and services sectors, increased to 50.2 from 49.3 in December, the highest level since June.

Separate data showed U.K. budget deficit widened to the highest December level on record largely due to a sharp growth in spending on energy support schemes and huge interest payments driven by high inflation.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.48 or 0.59% at $82.10 a barrel.

Gold futures are gaining $9.20 or 0.48% at $1,937.80 an ounce, while Silver futures are up $0.236 or about 1% at $23.790 an ounce.

U.S. Industrial Production Unexpectedly Flat In April

With a rebound by utilities output offset by decreases by manufacturing and mining output, the Federal Reserve released a report on Thursday showing industrial production in the U.S. came in unchanged in the month of April. The Fed said industrial production was unchanged in April after falling by 0.3 percent in March. Economists had expected industrial production to rise by 0.2 percent.

RTTNews | 12 분 전

New York Manufacturing Index Edges Modestly Lower In May

A report released by the Federal Reserve Bank of New York said regional manufacturing activity continued to decline modestly in the month of May. The New York Fed said its general business conditions index edged down to a negative 9.2 in May from a negative 8.1 in April, with a negative reading indicating contraction. Economists had expected the index to dip to a negative 10.0.

RTTNews | 24 분 전

Philly Fed Index Jumps More Than Expected But Remains Negative In May

Philadelphia-area manufacturing activity remained weak in the month of May, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity jumped to a negative 4.0 in May from a negative 26.4 in April, but a negative reading still indicates contraction.

RTTNews | 1 시간 18 분 전

U.S. Retail Sales Inch Up In Line With Estimates In April

A report released by the Commerce Department on Thursday showed a slight increase by U.S. retail sales in the month of April. The Commerce Department said retail sales crept up by 0.1 percent in April after surging by an upwardly revised 1.7 percent in March. Economists had expected retail sales to inch up by 0.1 percent compared to the 1.4 percent jump originally reported for the previous month.

RTTNews | 1 시간 34 분 전

U.S. Producer Prices Unexpectedly Decrease In April

Producer prices in the U.S. unexpectedly decreased in the month of April, according to a report released by the Labor Department on Thursday. The Labor Department said its producer price index for final demand fell by 0.5 percent in April following a revised unchanged reading in March. Economists had expected producer prices to rise by 0.2 percent.

RTTNews | 1 시간 36 분 전

Eurozone GDP Expands 0.3% In Q1; Employment Growth Improves

Euro area economic growth accelerated less than estimated in the first quarter and employment logged a faster increase, flash estimate from Eurostat showed on Thursday. Gross domestic product expanded 0.3 percent on a quarterly basis, which was revised down from the 0.4 percent growth estimated on April 30. This followed the fourth quarter's 0.2 percent expansion.

RTTNews | 1 시간 38 분 전

U.S. Weekly Jobless Claims Unchanged From Upwardly Revised Level

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in unchanged in the week ended May 10th The report said initial jobless claims came in at 229,000 last week, unchanged from the previous week's revised level. Economists had expected jobless claims to tick up to 229,000 from the 228,000 originally reported for the previous week.

RTTNews | 1 시간 46 분 전

U.S. Industrial Production Unexpectedly Unchanged In April

RTTNews | 2 시간 23 분 전

EURUSD	1.1183	GBPUSD	1.32872	AUDUSD	0.63957
USDJPY	145.757	USDCAD	1.39964	USDCHF	0.83665

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Bay Street Seen Opening On Cautious Note