Positive Start Likely On Bay Street

RTTNews | 691 일 전

(RTTNews) - Canadian shares may open higher Thursday morning, extending recent gains, amid slightly easing concerns about interest rates. The focus will be on U.S. consumer inflation data for clues about the Federal Reserve's monetary policy.

U.S. consumer price inflation data for the month of September is due at 8:30 AM ET.

Barrick Gold Corporation (ABX.TO) reported preliminary production of 1.04 million ounce of gold and 112 million pounds of copper in the third quarter. That was up from about 1.01 million ounces and 107 million ounces in the second quarter.

K92 Mining Inc (KNT.TO) said it expects fourth-quarter gold production will be the strongest for the year, thanks to higher grade stoping and ore development mining sequence.

The Canadian market ended on a strong note on Wednesday, led by gains in communications, consumer discretionary and financials sectors.

Several stocks from real estate, utilities, consumer staples and materials sectors too posted impressive gains.

The benchmark S&P/TSX Composite Index ended with a gain of 162.64 points or 0.83% at 19,663.84, gaining for a fourth straight session.

The market gained amid another drop in bond yields on hopes the tightening cycle by the Federal Reserve is nearing its end.

Asian stocks advanced for a sixth day running on Thursday, with sentiment helped by dovish Fed commentary and move by China's sovereign wealth fund to buy shares of the country's largest banks.

The dollar held near a two-week low amid falling Treasury yields and on the back of less hawkish commentaries by some U.S. policymakers including Boston Fed President Susan Collins and her Atlanta counterpart Raphael Bostic.

European stocks traded at three-week highs on Thursday as dovish views from Federal Reserve officials helped ease concerns around inflation and interest-rate hikes.

Sentiment was also boosted after data showed the U.K. economy recovered in August driven by the service sector rebound.

Gross domestic product grew 0.2 percent in August from July, when the economy contracted by revised 0.6 percent, the Office for National Statistics reported - matching expectations.

On a yearly basis, monthly GDP advanced 0.5 percent, in line with estimate. This was faster than the 0.3 percent growth registered in July.

In commodities, West Texas Intermediate Crude oil futures are up $0.88 or 1.05% at $84.37 a barrel.

Gold futures are up $9.10 or 0.48% at $1,896.40 an ounce, while Silver futures are gaining $0.187 or 0.84% at $22.320 an ounce.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.

RTTNews | 53 분 전

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Wednesday, following the negative cues from Wall Street overnight, as traders remain cautious amid renewed uncertainty among various nations trading with the US, many of which have concluded tariff deals, after a US Appeals Court ruled that US President Donald Trump's "reciprocal tariffs" are illegal. Asian markets closed mixed on Tuesday.

RTTNews | 56 분 전

Sensex, Nifty Set To Open Lower Amid Rising Global Bond Yields

Indian shares look set to open on a weak note on Wednesday, with trade tensions and caution ahead of the two-day Goods and Services Tax (GST) Council meeting, scheduled for Sept 3-4, likely to keep investors on edge.

RTTNews | 2 시간 28 분 전

Win Streak May End For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, adding more than a dozen points or 1 percent in that span. The Stock Exchange of Thailand now sits just shy of the 1,250-point plateau although the rally may stall on Wednesday.

RTTNews | 2 시간 51 분 전

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Wednesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 42,250 level, with weakness in index heavyweights, financial and technology stocks partially offset by gains in exporter stocks.

RTTNews | 3 시간 16 분 전

Lower Open Called For Hong Kong Stock Market

The Hong Kong stock market on Wednesday ended the two-day winning streak in which it had picked up almost 620 points or 2.4 percent. The Hang Seng Index now sits just shy of the 25,500-point plateau and it's expected to open in the red again on Wednesday.

RTTNews | 3 시간 36 분 전

Australian Market Notably Lower

Australian shares are trading notably lower on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.

RTTNews | 3 시간 38 분 전

China Shares May Take Further Damage On Wednesday

The China stock market on Tuesday wrote a finish to the three-day winning streak in which it had improved more than 75 points or 2 percent. The Shanghai Composite Index now sits just shy of the 3,860-point plateau and the losses may accelerate on Wednesday.

RTTNews | 3 시간 51 분 전

EURUSD	1.16305	GBPUSD	1.33691	AUDUSD	0.6521
USDJPY	148.575	USDCAD	1.37925	USDCHF	0.8052