Canadian Market Likely To Open Higher

RTTNews | 525 일 전

(RTTNews) - Bay Street is seen opening on a positive note on Monday, tracking steady crude oil and bullion prices, and positive European markets. The mood is likely to remain cautious with investors awaiting Federal Reserve's monetary policy decision, due on Wednesday.

Sierra Metals Inc (SMT.TO) reported a net loss of $13.7 million for the fourth quarter of 2023, compared to net loss of $26.5 million in the year-ago quarter.

Africa Oil Corp. (AOI.TO) said Monday that it has made a cash offer to acquire from minority shareholders in Impact Oil and Gas Ltd. up to 8.0% of the issued shares in Impact. The Offer is made for US$0.728 per Impact share, for a consideration of up to about US$64 million, which implies a valuation of US$805 million for 100% of the company.

CI Financial Corp (CIX.TO), a diversified global asset and wealth management company, reported a 17.1% surge in preliminary total assets to $465.8 billion as at February 29, 2024), from $397.8 billion as February 2023.

On the economic front, data from Statistics Canada showed, industrial producer prices in Canada rose by 0.7% over a month in February, after four consecutive months of declines. On yearly basis, producer prices decreased by 1.7% in February after a 2.9% drop in the prior month.

Raw materials prices increased by 2.1% month-over-month in February, from 1.2% in January. Year-on-year, raw materials prices fell by 4.7% in February.

The Canadian market ended marginally up on Friday, supported by gains in healthcare, materials and utilities sectors. The mood in the market remained cautious with investors looking ahead to U.S. central bank's monetary policy meeting.

The benchmark S&P/TSX Composite Index, which dropped to 21,788.67 about an hour past noon, ended the day's session at 21,849.15, gaining 19.30 points or 0.09%. The index gained about 0.51% in the week.

Asian stocks ended mostly higher on Monday as Chinese industrial output and retail sales figures beat estimates and investors looked ahead to a slew of central bank decisions. Chinese markets ended higher as mixed economic data helped to keep hopes for stimulus alive.

European stocks are modestly higher with investors reacting to data showing a drop in eurozone inflation in February, and awaiting Federal Reserve's monetary policy announcement due later in the week.

In commodities, West Texas Intermediate Crude oil futures are up $0.33 or 0.41% at $81.37 a barrel.

Gold futures are gaining $3.50 or 0.17% at $2,165.00 an ounce, while Silver futures are up $0.104 or 0.41% at $25.485 an ounce.

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 13 분 전

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 40 분 전

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 43 분 전

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 58 분 전

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 1 시간 1 분 전

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 1 시간 13 분 전

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 1 시간 43 분 전

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2 시간 13 분 전

EURUSD	1.16414	GBPUSD	1.34716	AUDUSD	0.64816
USDJPY	147.428	USDCAD	1.38527	USDCHF	0.80441