Bay Street Likely To See Mixed Open

RTTNews | 913 hari yang lalu

(RTTNews) - Canadian shares are seen opening on a mixed note on Wednesday, with investors digesting inflation data, and tracking geopolitical news.

Data on Canadian inflation for the month of October is due at 8:30 AM ET. Canada's inflation rate slowed to 6.9% in September, slightly above market estimates of 6.8%. Core inflation increased 6% in September over the same month in the previous year.

Data on Canadian housing starts for October is due at 8:15 AM ET.

In earnings news, Loblaw Companies Limited (L.TO) reported adjusted net earnings of $663 million in the third quarter of this financial year, an increase of $123 million, or 22.8%, over the year-ago quarter.

Metro Inc. (MRU.TO) reported net earnings of $168.7 million in the fourth quarter, down 13.0% from a year ago. Adjusted net earnings came in at $219 .4 million in the latest quarter, up 9.4% over the year-ago quarter.

The Canadian market ended modestly higher on Tuesday. Data showing a smaller than expected increase in U.S. producer prices helped raise hopes the Federal Reserve will slow the pace of interest rate hikes as soon as next month.

The benchmark S&P/TSX Composite Index ended with a gain of 72.97 points or 0.37% at 19,994.78. The index opened at 20,117.36.

Asian stocks ended on a subdued note Wednesday, as investors waited for more clarity over reports Russian missiles aimed at Ukraine have hit NATO territory in Poland. A smaller than expected increase in U.S. producer prices that helped ease concerns about aggressive rate hikes by the Fed limited market's downside.

European stocks are drifting lower amid geopolitical concerns following the missile blast in Poland.

Poland's president Andrej Duda said there are no indications that the rocket that hit Polish territory Tuesday was an intentional attack on the NATO member by Russia, as leaders in the military alliance moved to de-escalate the incident.

"Most likely, this was an unfortunate accident," Duda told reporters in Warsaw today, adding that the missile was probably part of Ukraine's air defense.

In commodities trading, West Texas Intermediate Crude oil futures for December are up marginally at $86.97 a barrel.

Gold futures are gaining $8.90 or 0.5% at $1,785.40 an ounce, while Silver futures are up $0.497 or 2.31% at 22.015 an ounce.

U.S. Dollar Higher On Trade Hopes

The U.S. dollar appreciated against its major counterparts in the New York session on Friday, as investors focused on developments on the trade front.

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Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

After a positive start and a subsequent rise to higher levels Friday morning, the Switzerland market remained firm despite paring some gains, and ended the day's session on a bright note. Data showing a sharp jump in Swiss industrial production in the first-quarter aided sentiment.

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European Stocks Close Week On Positive Note

European stocks closed higher on Friday thanks to easing trade tensions following the announcement of the U.S.-China deal earlier in the week, and reports that the EU bloc's talks with the U.S. for a reduction in tariffs are making positive progress.

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Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian stocks are turning in a mixed performance a little past noon on Friday after recovering from an early setback. Investors appear to be making cautious moves after eight straight days of gains that saw the market climb to a new record high on Thursday.

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U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index dipped to 50.8 in May after slumping to 52.2 in April. Economists had expected the index to inch up to 53.4.

RTTNews | 1 hari yang lalu

U.S. Import, Export Prices Unexpectedly Inch Higher In April

The Labor Department released a report on Friday unexpectedly showing modest increases by both U.S. import and export prices in the month of April. The report said import prices crept up by 0.1 percent in April after falling by a downwardly revised 0.4 percent in March.

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U.S. Housing Starts Rebound Less Than Expected In April, Building Permits Pull Back Sharply

While the Commerce Department released a report on Friday showing a rebound by new residential construction in the U.S. in the month of April, the report also showed a substantial pullback by building permits during the month.

RTTNews | 1 hari yang lalu

Eurozone Trade Surplus Surges On Exports To US

The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.

RTTNews | 1 hari yang lalu

EURUSD	1.11549	GBPUSD	1.32809	AUDUSD	0.64069
USDJPY	145.873	USDCAD	1.39826	USDCHF	0.83882

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Bay Street Likely To See Mixed Open