Bay Street Looks Headed For Bright Start

RTTNews | 1077 hari yang lalu

(RTTNews) - Canadian shares are set to open on a firm note Friday morning, tracking positive global markets and higher commodity prices.

Investors will be reacting to Canadian jobs data.

Data on Canadian employment for the month of August is due at 8:30 AM ET.

The Canadian economy shed 30,600 jobs in July of 2022, extending the 43,200 cut from the previous month. The unemployment rate in Canada was unchanged at 4.9% in July of 2022, the lowest on record and below market expectations of 5%.

In earnings news, Dollarama Inc. (DOL.TO) said its diluted net earnings per common share increased by 37.5% to $0.66 in the second quarter from $0.4 a year ago.

Despite hawkish comments from Fed Chair Jerome Powell that signaled aggressive rate hikes in the coming months, and the European Central Bank's sharp 75-basis points interest rate hike, Canadian stocks moved higher on Thursday.

The benchmark S&P/TSX Composite Index ended with a gain of 171.56 points or 0.89% at 19,413.00.

Asian stocks climbed higher on Friday as investors digested Federal Reserve Chair Jerome Powell and ECB President Christine Lagarde's comments advocating for higher rates to combat runaway inflation.

Chinese shares finished notably higher as data showed inflation slowed more than expected in August.

European stocks are sharply higher today, a day after the European Central Bank (ECB) raised interest rates by a record 75 basis points and signaled further hikes to tame runaway inflation.

The ECB must raise interest rates further to prevent record euro-zone inflation from spilling over into wages, Governing Council member Klaas Knot said.

The Bank of England on Friday said it would postpone its September Monetary Policy Committee meeting by one week following the death of Queen Elizabeth II.

In commodities trading, West Texas Intermediate Crude oil futures are up $1.35 or 1.62% at $84.89 a barrel.

Gold futures are gaining $12.60 or 0.75% at $1,732.80 an ounce, while Silver futures are up $0.118 or 0.64% at $18.560 an ounce.

Japanese Market Slightly Higher

The Japanese market is slightly higher on Friday, snapping a three-session losing streak, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 42,650 level, with gains across all sectors led by automakers and financial stocks as domestic inflation data beat expectations.

RTTNews | 37 minit yang lalu

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, recouping some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.

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U.S. Dollar Climbs Against Majors

The U.S. dollar strengthened against its major counterparts in the New York session on Thursday.

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TSX Hovers Near Record High; Materials, Energy Stocks Shine Again

Materials and energy stocks are among the prominent gainers in the Canadian market, which is up in positive territory in mid afternoon trades on Thursday.

RTTNews | 8j 45min yang lalu

Swiss Market Ends Weak

The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.

RTTNews | 9j 7min yang lalu

European Stocks Close On Mixed Note Again

European stocks turned in another mixed performance as investors stayed a bit cautious on Thursday, looking ahead to Federal Reserve's symposium at Jackson Hole, Wyoming, and largely shrugging off trade concerns. Investors also digested the latest batch of regional economic data, including flash estimates of manufacturing and services sector activity in the major economies.

RTTNews | 9j 23min yang lalu

Eurozone Consumer Confidence Weakens More Than Expected In August

Euro area consumer sentiment deteriorated more than expected in August to a four-month low, after a strong improvement in the previous month, preliminary results of the monthly survey by the European Commission revealed on Thursday.

RTTNews | 10j 12min yang lalu

U.S. Leading Economic Index Edges Down In Line With Estimates In July

A reading on leading U.S. economic indicators edged slightly lower in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said leading economic index slipped by 0.1 percent in July after falling by 0.3 percent in June. The modest decrease matched economist estimates.

RTTNews | 12j 7min yang lalu

EURUSD	1.16113	GBPUSD	1.34153	AUDUSD	0.64295
USDJPY	148.513	USDCAD	1.39086	USDCHF	0.8091