Bay Street May Open On Positive Note

RTTNews | 3 hari yang lalu
Bay Street May Open On Positive Note

(RTTNews) - The Canadian market may open on a positive note on Friday as technology stocks are likely to see some brisk buying thanks to encouraging earnings guidance from U.S. tech majors Apple Inc., and Amazon.

Data from Statistics Canada showed Canadian real gross domestic product dropped 0.3% in August.

According to preliminary estimates, GDP increased to 0.1% in September from -0.3% in August.

TFI International Inc. (TFI.TO) reported a net income of $84.7 million or $1.02 per share for the third quarter, compared to $125.9 million or $1.48 per share in the year-ago quarter.

The Canadian market closed marginally up on Thursday, paring early gains, amid a negative reaction to earnings news from tech giants Meta Platforms and Microsoft.

The benchmark S&P/TSX Composite Index ended up by 34.20 points or 0.1% at 30,178.98.

Asian stocks closed mixed on Friday with investors reacting to data showing a contraction in Chinese factory activity for a seventh straight month in October. Easing U.S.-China trade tensions helped limit market's downside.

The major European markets are showing weakness today with investors largely trimming their positions amid a lack of fresh earnings and economic data.

In commodities trading, West Texas Intermediate Crude oil futures are down $0.16 or 0.25% at $60.41 a barrel.

Gold futures are gaining $20.20 or 0.5% at $4,036.10 an ounce, while Silver futures are up $0.149 or 0.31% at $48.675 an ounce.

read more
Australia Keeps Interest Rate Unchanged

Australia Keeps Interest Rate Unchanged

The Reserve Bank of Australia maintained its key interest rate as the full effects of earlier rate cuts are yet to be felt and policymakers became cautious after data showed evidence of more persistent inflation. The policy board governed by Michele Bullock decided to hold the cash rate at 3.60 percent, as widely expected, on Tuesday.
RTTNews | 1j 54min yang lalu
European Shares Seen Lower As US Economic Concerns Mount

European Shares Seen Lower As US Economic Concerns Mount

European stocks are seen opening on a sluggish note Tuesday as weak U.S. manufacturing data raised concerns about a slowing U.S. economy and mixed comments from Federal Reserve officials dampened hopes for a December rate cut.
RTTNews | 2j 51min yang lalu
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,850 level, with weakness in iron ore miners, financial, energy and technology stocks partially offset by gains in gold miners and stocks.
RTTNews | 5j 5min yang lalu
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the mixed cues from Wall Street overnight, as traders have been reluctant to make more significant moves ahead of the release of US payroll processor ADP's report on private sector employment on Wednesday. A survey showed economic activity in the U.S. manufacturing sector contracted in October for the eighth consecutive month.
RTTNews | 5j 31min yang lalu
Sensex, Nifty Seen Flat To Lower At Open

Sensex, Nifty Seen Flat To Lower At Open

Indian shares are seen opening flat to slightly lower on Tuesday after Federal Reserve officials offered mixed signals about future rate cuts.
RTTNews | 6j 0min yang lalu
Thai Stock Market May Snap Losing Streak On Tuesday

Thai Stock Market May Snap Losing Streak On Tuesday

The Thai stock market has moved lower in three straight sessions, slumping more than 6 points or 0.5 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,310-point plateau although it may stop the bleeding on Tuesday.
RTTNews | 6j 30min yang lalu
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is slightly higher in post-holiday trading on Tuesday after opening well in the red, extending the gains in the previous three sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 52,450 level, with gains in exporters and automaker stocks partially offset by weakness in index heavyweights, technology and financial stocks.
RTTNews | 6j 47min yang lalu