Bay Street Likely To Open On Weak Note

RTTNews | 727 hari yang lalu

(RTTNews) - Lower U.S. and Canadian futures, weak commodity prices and weak cues from Asian and European markets point to a negative open for stocks on Bay Street on Monday.

With some key interest rate decisions, and crucial economic data due this week, the mood is likely to remain cautious. Also, concerns about an escalation in the ongoing war in the Middle East may weigh on the market.

The Bank of Canada is scheduled to announce its interest rate decision on Wednesday. The European Central Bank's monetary policy announcement is due on Thursday.

Data on US GDP, personal consumption expenditure, jobless claims, and personal income & expenditure are among the major economic reports due this week.

Bausch Health Companies (BHC.TO) announced on Saturday that it has received approval from the Food and Drug Administration for Cabtreo, its tropical gel for acne.

The Canadian market ended notably lower on Friday, extending losses from previous sessions. The benchmark S&P/TSX Composite Index closed down 233.17 points or 1.2% at 19,115.64.

Asian stocks closed sharply lower on Monday as the Middle East conflict and the uptick in bond yields weighed on sentiment.

Reports of searches by Chinese tax authorities on Taiwan-based Foxconn Technology Co as well as anxiety ahead of the major tech earnings also weighed.

European stocks are down in negative territory, extending recent losses, amid concerns about the outlook for growth and interest rates, and fears the ongoing conflict in the Middle East could hurt global trade and the world economy.

In commodities, West Texas Intermediate Crude oil futures are down $0.55 or 0.61% at $87.53 a barrel.

Gold futures are down $4.70 or 0.25% at $1,989.70 an ounce, while Silver futures are lower by $0.129 or 0.55% at $23.375 an ounce.

Australian Market Swings To Gains In Mid-market

The Australian stock market is swinging to modest gains in mid-market trading on Monday, reversing some of the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 9,000.00 mark, with gains in energy, financial and technology stocks partially offset by steep declines in gold and other mining stocks.

RTTNews | 1j 39min yang lalu

Asian Markets Track Wall Street Higher

Asian markets are mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, as traders remain optimistic on easing trade tensions between the U.S. and China after U.S. President Donald Trump said the high tariffs he has threatened on Chinese imports are probably not sustainable, but argued "they forced me to do that." Asian markets closed mostly lower on Friday.

RTTNews | 2j 2min yang lalu

Sensex, Nifty Look Headed For Firm Start

Indian shares look headed for a bright start Monday morning thanks to positive cues from Wall Street and Asian markets, and slightly easing U.S.-China trade tensions.

RTTNews | 2j 20min yang lalu

Renewed Support Tipped For Thai Stock Market

The Thai stock market on Friday ended the two-day winning streak in which it had jumped more than 25 points or 2 percent. The Stock Exchange of Thailand now sits just under the 1,275-point plateau although it's expected to move back to the upside again on Monday.

RTTNews | 3j 5min yang lalu

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 surging almost 2.5 percent to well above the 48,700 level, with gains across most sectors led by index heavyweights, financial and technology stocks.

RTTNews | 3j 34min yang lalu

Rebound Anticipated For Indonesia Stock Market

The Indonesia stock market headed south again on Friday, one day after ending the three-day losing streak in which it had dropped more than 200 points or 2.6 percent. The Jakarta Composite Index now rests just above the 7,915-point plateau although it may bounce higher again on Monday.

RTTNews | 3j 35min yang lalu

Australian Market Modestly Lower

The Australian stock market is modestly lower on Monday, adding to the losses in the previous session, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling well below the 9,000.00 mark, with weakness in mining stocks partially offset by gains in energy, financial and technology stocks.

RTTNews | 4j 1min yang lalu

Hong Kong Bourse May Find Traction On Monday

The Hong Kong stock market has finished lower in back-to-back sessions, dropping more than 660 points or 2.6 percent along the way. The Hang Seng Index now rests just beneath the 25,250-point plateau although it may stop the bleeding on Monday.

RTTNews | 4j 5min yang lalu

EURUSD	1.16716	GBPUSD	1.34373	AUDUSD	0.65032
USDJPY	150.592	USDCAD	1.4012	USDCHF	0.79272