Canadian Shares Likely To Open On Mixed Note

RTTNews | 937 일 전

(RTTNews) - Bay Street is likely to see a mixed start on Tuesday with investors tracking updates on U.S. debt ceiling deal, and reacting to the trend in commodities markets.

According to reports, a group of Republican lawmakers on the party's hard right said Monday they would oppose the deal reached by President Joe Biden and House Speaker Republican Kevin McCarthy over the weekend.

There are also concerns that proposed spending cuts in the debt ceiling deal could weigh on U.S. economic growth. Voting on the bill is set to start later this week in the House and the Senate.

The Canadian market ended modestly higher on Monday on thin volumes. News about U.S. President Joe Biden and Congressional Republican McCarthy agreeing on a debt ceiling deal on Saturday to avert a fast-approaching default in early June aided sentiment.

The benchmark S&P/TSX Composite Index ended with a gain of 47.64 points or 0.24% at 19,967.95. The index touched a low of 19,929.01 and a high of 19,991.89.

Asian stocks ended mixed on Tuesday, as concerns that China's economic recovery is losing steam and signs of rising tensions between Washington and Beijing offset investor optimism over the agreement of a deal to raise the U.S. debt ceiling and avert default in the world's largest economy.

European stocks are turning in a mixed performance as investors await the passage of the U.S. debt ceiling deal before June 5.

A drop in eurozone economic sentiment, hawkish Fed expectations and concerns around China's economic recovery also keep investors nervous.

In commodities, West Texas Intermediate Crude oil futures are down $0.95 or 1.3% at $71.72 a barrel.

Gold futures are gaining $10.20 or 0.52% at $1,954.50 an ounce, while Silver futures are down $0.020 or 0.09% at $23.340 an ounce.

Australian Market Sharply Extends Early Gains In Mid-market

The Australian stock market is sharply expending the early gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,750 level, with gains across most sectors led by financial and technology stocks.

RTTNews | 2 시간 45 분 전

Indian Shares Look Headed For Another Positive Start

It's likely to be a firm start for Indian shares on Tuesday with investors set to track positive cues from Wall Street and Asian markets. A drop in oil prices is also likely to aid sentiment.

RTTNews | 2 시간 54 분 전

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as the markets extend their gains boosted continued strength among technology stocks. Major currencies in the region also strengthened against the US dollar. Asian markets closed mostly higher on Monday.

RTTNews | 2 시간 58 분 전

Canadian Dollar Rises Against U.S. Dollar

The Canadian dollar advanced against the U.S. dollar in the New York session on Monday.

RTTNews | 4 시간 19 분 전

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 4 시간 55 분 전

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 50,400 level, with gains in exporters and financial stocks partially offset by weakness in index heavyweights and technology stocks.

RTTNews | 5 시간 0 분 전

Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 5 시간 10 분 전

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.

RTTNews | 5 시간 19 분 전

EURUSD	1.17787	GBPUSD	1.34911	AUDUSD	0.66675
USDJPY	155.975	USDCAD	1.37358	USDCHF	0.78949