Bay Street Likely To Open Flat

RTTNews | 722 hari yang lalu
Bay Street Likely To Open Flat

(RTTNews) - Slightly lower index futures and subdued commodity markets point to a flat start for the Canadian market on Monday.

With some key earnings updates due this week, the mood is likely to remain cautious. Bank of Montreal (BMO.TO) and Bank of Nova Scotia (BNS.TO) are scheduled to announce their quarterly results on Tuesday.

National Bank of Canada (NA.TO) is also slated to announce its earnings this week.

The Canadian market ended higher on Friday, aided by gains in healthcare, technology and energy sections.

The benchmark S&P/TSX Composite Index, which touched a low of 19,681.77 and 19,883.57 intraday, settled with a gain of 59.92 points or 0.3% at 19,835.75. The index gained 0.1% in the week.

Asian stocks closed higher on Monday as investors cheered China's stimulus to ease market unrest and drive economic growth. Meanwhile, investors shrugged off data showing that profits at China's industrial firms extended a slump into a seventh month.

Chinese authorities announced a slew of measures over the weekend to bolster the country's equity markets and fuel an increase in spending. The measures included a 50% reduction in stamp duty on stock trades and a slower pace of initial public offerings.

China's securities regulator also approved the launch of 37 retail funds.

European stocks are up in positive territory Monday afternoon, despite Fed's hawkish stance on interest rates and the darkening economic outlook.

In commodities, West Texas Intermediate Crude oil futures are up marginally at $79.88 a barrel.

Gold futures are up $2.70 or 0.14% at $1,942.60 an ounce, while Silver futures are up $0.026 or 0.11% at $24.260 an ounce.

read more
Canadian Market Modestly Lower In Cautious Trade

Canadian Market Modestly Lower In Cautious Trade

After moving modestly higher in early trades, the Canadian market gave up gains as investors digested the nation's inflation data, and closely followed the developments on Russia-Ukraine peace talks front.
RTTNews | 1j 59min yang lalu
Swiss Market Ends On Strong Note

Swiss Market Ends On Strong Note

After a somewhat subdued start, the Switzerland market gained in strength as the session progressed on Tuesday, to eventually closed on a bright note.
RTTNews | 2j 39min yang lalu
European Stocks Close Higher On Russia-Ukraine Peace Deal Hopes

European Stocks Close Higher On Russia-Ukraine Peace Deal Hopes

European stocks closed higher on Tuesday as the mood remained positive amid optimism over a potential Russia-Ukraine peace deal, after U.S. President Donald Trump described his meeting with Ukrainian President Volodymyr Zelenskyy and several other European leaders as "very good".
RTTNews | 3j 3min yang lalu
U.S. Housing Starts Unexpectedly Surge In July But Building Permits Slump

U.S. Housing Starts Unexpectedly Surge In July But Building Permits Slump

A report released by the Commerce Department on Tuesday unexpectedly showed a sharp increase by new residential construction in the U.S. in the month of July. The Commerce Department said housing starts shot up by 5.2 percent to an annual rate of 1.428 million in July after spiking by 5.9 percent to an upwardly revised rate of 1.358 million in June.
RTTNews | 6j 41min yang lalu
Bay Street May Open On A Slightly Positive Note

Bay Street May Open On A Slightly Positive Note

Canadian shares look headed for a slightly positive start on Tuesday, tracking steady European markets amid hopes of a Russia-Ukraine peace deal after U.S. President Donald Trump described his meeting with Ukrainian President Volodymyr Zelenskyy and several other European leaders as "very good."
RTTNews | 8j 36min yang lalu
FTSE 100 Modestly Higher

FTSE 100 Modestly Higher

The UK stock market is modestly higher a little past noon on Tuesday amid expectations of a Ukraine peace deal. Investors are also looking ahead to the Federal Reserve's economic symposium at Jackson Hole, Wyoming, that gets underway on Thursday.
RTTNews | 9j 5min yang lalu