Bay Street Likely To Open Slightly Higher

RTTNews | 758 hari yang lalu

(RTTNews) - Canadian shares are likely to open flat or slightly higher on Monday, tracking global markets and commodity prices.

With several top U.S. and Canadian companies scheduled to announce their earnings, and some key economic data due during the course of this week, the mood is likely to remain a bit cautious.

Pan American Silver Corp (PAAS.TO) shares will be in focus after the company said it plans to sell its 56% stake in the Minera Agua Rica Alumbrera copper project in Argentina for about $475 million.

The Canadian market ended on a firm note on Friday, lifted by strong gains in energy, technology and materials shares. The mood remained positive amid easing fears of a U.S. recession this year, and on hopes the Fed tightening cycle will end soon.

The benchmark S&P/TSX Composite Index ended with a gain of 133.90 points or 0.66% at 20,519.37. The index posted a marginal 0.1% decline for the week.

Asian stocks advanced on Monday as weak Chinese data spurred hopes of more policy stimulus and the Bank of Japan stepped into the bond market to influence rates.

Chinese shares eked out modest gains, after the State Council announced further measures to bolster consumption. China's manufacturing activity fell for a fourth straight month in July while the services and construction sectors teetered on the brink of contraction, official data showed today.

European stocks are slightly higher after opening marginally down after data showed eurozone returned to growth in the second quarter amid falling inflation.

GDP in the euro area grew 0.3% in the second quarter of 2023 compared to the previous quarter, Eurostat reported.

Separate figures from the statistical office revealed that Eurozone inflation fell in line with expectations to 5.3% year-on-year in July, compared with 5.5% in June.

In commodities, West Texas Intermediate Crude oil futures are up $0.75 or 0.93% at $81.33 a barrel.

Gold futures are down $1.70 or 0.08% at $1,958.70 an ounce, while Silver futures are up marginally at $24.500 an ounce.

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | 54 minit yang lalu

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.

RTTNews | 1j 9min yang lalu

Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect

Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.

RTTNews | 1j 39min yang lalu

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.

RTTNews | 1j 51min yang lalu

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.

RTTNews | 1j 59min yang lalu

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.

RTTNews | 2j 8min yang lalu

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | 2j 16min yang lalu

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,935-point plateau and it may add to its winnings on Thursday.

RTTNews | 2j 38min yang lalu

EURUSD	1.16412	GBPUSD	1.35082	AUDUSD	0.65119
USDJPY	147.132	USDCAD	1.37782	USDCHF	0.80154