Bay Street Likely To Open On Subdued Note

RTTNews | 336 days ago
Bay Street Likely To Open On Subdued Note

(RTTNews) - Canadian shares are likely to open on a subdued note Monday morning with investors looking for directional clues. Trading volumes are likely to be thin as the U.S. market is closed today for Martin Luther King, Jr. Day holiday.

The focus will be on Donald Trump's swearing-in as President of the U.S., and his speech. Some of Trump's major policy announcements could thrust businesses into considerable uncertainty.

The Canadian market ended notably higher on Friday, extending gains to a fourth straight session, amid renewed optimism about the outlook for U.S. interest rates following the inflation data released over the past few days.

The S&P/TSX Composite Index, which remained firmly positive right through the day's session, jumped 221.72 points or 0.9% to 25,067.92.

Asian stocks closed mostly higher on Monday, tracking Friday's gains on Wall Street amid interest-rate cut optimism. However, gains were limited due to a holiday in the U.S. and amid caution ahead of U.S. President-elect Donald Trump's inauguration later in the day.

European stocks are drifting down a bit after seeing a slight upside early on in the session. The mood remains cautious with investors awaiting Trump's inauguration.

In commodities, West Texas Intermediate Crude oil futures are up $0.22 or 0.28% at $78.10 a barrel.

Gold futures are down slightly at $2,748.40 an ounce, while Silver futures are lower by $0.066 or 0.21% at $31.075 an ounce.

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Indian Shares Look Headed For Another Positive Start

Indian Shares Look Headed For Another Positive Start

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RTTNews | 1h 10min ago
Asian Markets Trade Mostly Higher

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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 | 1h 14min ago
Hong Kong Stock Market Tipped To Open In The Green

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RTTNews | 3h 11min ago
Japanese Market Slightly Higher

Japanese Market Slightly Higher

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RTTNews | 3h 17min ago
Win Streak May Continue For China Stock Market

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RTTNews | 3h 26min ago
Australian Market Modestly Higher

Australian Market Modestly Higher

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RTTNews | 3h 36min ago
Higher Open Called For Taiwan Stock Market

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The Taiwan stock market has moved higher in back-to-back sessions, collecting more than 680 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just beneath the 28,150-point plateau and it figures to open to the upside again 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 | 3h 56min ago