Bay Street Likely To Open On Firm Note

RTTNews | 949 gün önce

(RTTNews) - Higher Canadian and U.S. stock futures and firm commodity prices point to a start on Bay Street Tuesday morning.

Oil prices have rebounded on dollar's mild retreat, and supply curbs in the U.S. Gulf of Mexico ahead of Hurricane Ian.

Most of the markets in Asia and Europe recovered on bargain hunting after recent losses.

After a weak start, the Canadian market recovered and saw a brief spell in positive territory Monday morning, but faltered soon and then spent the rest of the day's session in the red.

The mood in the market was quite bearish amid rising fears the aggressive monetary tightening by the Federal Reserve and several other central banks could push the global economy into a recession.

The benchmark S&P/TSX Composite Index, which plunged to a new 52-week low, ended with a loss of 153.94 points or 0.83% at 18,327.04, off the day's low of 18,273.00.

Asian stocks closed broadly higher on Tuesday after recent string of losses on worries that efforts by central banks to curb inflation may trigger a global inflation.

The Chinese market gained after the People's Bank of China injected about $24.7 billion of liquidity via repo market operations to maintain liquidity in the banking system ahead of he quarter's end.

European stocks rebounded on Tuesday, as the dollar paused for breath and U.K. ten-year gilt yields slipped back after their recent surges.

The euro rose and the British pound stabilized after the Bank of England (BoE) vowed it "will not hesitate" to change interest rates by as much as needed, intending to reassure markets unnerved by last Friday's budget.

The BoE governor said the central bank is closely monitoring the weakness in the pound amid the turmoil in markets which saw the pound fall to a record low against the dollar.

In commodities trading, West Texas Intermediate Crude oil futures are up $1.10 or 1.43% at $77.81 a barrel.

Gold futures are gaining $14.20 or 0.87% at $1,647.60 an ounce, while Silver futures are up $0.270 or 1.46% at $18.750 an ounce.

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Swiss Market Ends On Bright Note

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RTTNews | 1 gün önce

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RTTNews | 1 gün önce

Eurozone Inflation Remains Stable At 2.2%

Euro area annual inflation remained stable in April near the European Central Bank's 2 percent target, but the trade tariff uncertainty clouds the outlook. The harmonized index of consumer prices grew 2.2 percent on a yearly basis in April, the same pace of increase as seen in March, flash data from Eurostat showed on Friday. Prices were expected to climb at a slower pace of 2.1 percent.

RTTNews | 1 gün önce

Eurozone Manufacturing Activity Shrinks At Slower Pace

Euro area factory activity contracted at a slower pace in April as production grew at the fastest pace in more than three years, final data of the purchasing managers' survey by S&P Global showed Friday. The HCOB manufacturing Purchasing Managers' Index rose to a 32-month high of 49.0 in April from 48.6 in March. The score was also above the flash estimate of 48.7.

RTTNews | 1 gün önce

EURUSD	1.13037	GBPUSD	1.32767	AUDUSD	0.64436
USDJPY	144.966	USDCAD	1.38103	USDCHF	0.8268

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Bay Street Likely To Open On Firm Note