Falling Commodity Prices Likely To Weigh On Canadian Market At Open

RTTNews | 7 hari yang lalu

(RTTNews) - Canadian market is likely to open on a negative note Tuesday morning, weighed down by falling crude oil and gold prices.

The mood is likely to remain cautious ahead of the monetary policy announcements from the Bank of Canada and the Federal Reserve on Wednesday. Both the central banks are expected to lower interest rates by 25 basis points.

In Canadian earnings news, Celestica Inc. (CLS.TO) reported third-quarter revenue of $3.19 billion, up 28% compared to $2.50 billion in the corresponding quarter last year.

Centerra Gold, Advantage Oil & Gas and Trican Wll Services are slated to announce their earnings today.

Bay Street settled on a weak note on Monday despite staging a strong recovery from the day's lows. A sell-off in gold stocks weighed on the market.

The benchmark S&P/TSX Composite Index, which tumbled to 30,087.48, settled at 30,275.76, down 77.31 points or 0.3% from previous close.

Asian stocks ended weak after a cautious session on Tuesday as investors locked in some profits after recent gains.

Amid global trade tensions, the Association of Southeast Asian Nations (ASEAN) and China today signed an upgraded version of their Free Trade Agreement (FTA) during a summit in Kuala Lumpur, Malaysia.

Ahead of talks between Donald Trump and Xi Jinping, Chinese Premier Li Qiang denounced "unilateralism" and said the world should not return to "the law of the jungle." Trump said en route to Japan that he was hopeful of a deal when he sees Xi on Thursday.

European stocks are turning in a mixed performance today with investors mostly reacting to corporate earnings, and awaiting the monetary policy meetings of ECB, Fed, and the Bank of Japan.

In commodities trading, West Texas Intermediate Crude oil futures are down $0.82 or 1.36% at $60.49 a barrel.

Gold futures are down $80.10 or 2% at 3,939.60 an ounce, while Silver futures are lower by $0.259 or 0.55% at $46.515 an ounce. Copper futures are down $0.0425 or 0.82% at $5.1290 per pound.

Swiss Market Ends On Firm Note

After languishing in negative territory till well past mid afternoon on Tuesday, the Switzerland market recovered in the final hour of the day's session to settle on a firm note.

RTTNews | 4j 48min yang lalu

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RTTNews | 5j 14min yang lalu

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Sharply lower Canadian and U.S. futures and weak commodity prices point to a gap down opening on Bay Street Tuesday morning. The focus will be on the Federal Budget to be presented by Canadian Prime Minister Mark Carney today.

RTTNews | 9j 22min yang lalu

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RTTNews | 9j 51min yang lalu

FTSE 100 Drifts Lower; Miners Among Notable Losers

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RTTNews | 10j 43min yang lalu

CAC 40 Drops To 3-week Low On Widespread Selling

France's CAC 40 index dropped to a three-week low on Tuesday with investors choosing to trim down positions in riskier assets amid concerns about the potential impact of the government shutdown in the U.S., some hawkish comments from Fed officials and mixed corporate earnings from the region.

RTTNews | 11j 7min yang lalu

DAX Down Sharply As Stocks Tumble On Growth Worries

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RTTNews | 11j 50min yang lalu

Sensex Drops Over 500 Points; Nifty Ends Below 25,600

Indian shares ended Tuesday's session lower after three top Federal Reserve officials pushed back against expectations of another interest rate cut in December.

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