Bay Street Likely To Open On Cautious Note

RTTNews | 244 hari yang lalu

(RTTNews) - The Canadian market is likely to open on a cautious note Tuesday morning, but some buying is likely in energy and materials sectors thanks to firm commodity prices.

Worries about trade tensions and the stand-off between U.S. President and the Fed Chair might hurt sentiment and limit market's upside.

Canadian producer and raw materials prices data for the month of March may make an impact on market's mood.

After moving higher over the past several sessions, Canadian stocks pulled back sharply as trading resumed following the long Easter weekend on Monday.

The benchmark S&P/TSX Composite Index regained some ground going into the close but still ended the day down 183.95 points or 0.8 percent at 24,008.86.

The weakness on Bay Street came amid lingering concerns about a global trade war as traders await signs of progress from President Donald Trump's trade talks.

Potentially adding to the worries, China has threatened to retaliate against any countries that reach a trade deal with the U.S. at the expense of China's interests.

A spokesman for China's Ministry of Commerce was asked to respond to reports the Trump administration is preparing to put pressure on other countries to restrict trade with China in exchange for U.S. tariff exemptions.

Asian stocks ended mixed on Tuesday after tariff-related worries and fears over the independence of the U.S. Federal Reserve sparked a sell-off in U.S. equities overnight.

In a post on Truth Social, Trump claimed without evidence that "pre-emptive cuts" were being called for "by many" now that the economy was facing what he described as "virtually No Inflation."

Mainland Chinese and Hong Kong markets outperformed despite escalating U.S.-China trade tensions.

European stocks are mostly lower on Tuesday amid fears of a recession in the world's largest economy due to trade tensions and the stand-off between the U.S. President and Federal Reserve Chairman.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.85 or 1.33% at $63.93 a barrel.

Gold futures are gaining $43.00 or 1.23% at $3,468.30 an ounce, while Silver futures are up $0.159 or 0.49% at $32.680 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 | 2j 47min yang lalu

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 | 2j 56min yang lalu

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 | 2j 59min yang lalu

Canadian Dollar Rises Against U.S. Dollar

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

RTTNews | 4j 21min yang lalu

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 | 4j 56min yang lalu

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 | 5j 2min yang lalu

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 | 5j 11min yang lalu

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 | 5j 21min yang lalu

EURUSD	1.17781	GBPUSD	1.34908	AUDUSD	0.66672
USDJPY	155.926	USDCAD	1.3736	USDCHF	0.78946