Bay Street Likely To Open On Mixed Note

RTTNews | 170天前

(RTTNews) - Canadian shares are likely to open on a mixed note Monday morning, tracking commodity prices and European markets. The mood is likely to remain cautious with investors looking ahead to the Federal Reserve's monetary policy announcement on Wednesday.

The Bank of Japan and the Bank of England are also scheduled to announce their rate decisions this week.

U.S. Treasury Secretary Scott Bessent's remarks that there are "no gurantees" that the U.S. will avoid recession, may hurt sentiment a bit. Bessent said on Sunday that he isn't concerned about the recent market slump that has erased trillions of dollars from equities, and that markets will do great if good tax policy, tax regulation and energy security are put in place.

U.S. President Donald Trump's assertion that there will be no exceptions to U.S. steel and aluminum tariffs could also weigh on the market.

Data from Canada Mortgage and Housing Corporation said housing starts in Canada decreased to 229,000 units in February from 239,000 units in January.

The Canadian market ended on a strong note on Friday thanks to sustained buying in stocks from across several sectors.

A batch of encouraging economic data, and optimism on the political front following the swearing-in of former BoC Governor Mark Carneyas the new Canadian Prime Minister, triggered some strong buying in the market.

The benchmark S&P/TSX Composite Index ended the session with a gain of 350.17 points or 1.45% at 24,553.40. For the week, the index shed about 0.8%.

Asian stocks closed higher on Monday after China announced plans featuring measures to boost wages and stabilize stock and real estate markets.

European stocks are marginally up in cautious trade as investors await crucial central bank meetings, and a vote on a spending plan in Germany. Ukraine peace talks are in focus as well.

In commodities, West Texas Intermediate Crude oil futures are up $0.91 or 1.35% at $68.09 a barrel.

Gold futures are up $6.00 or 0.2% at $3,007.10 an ounce, while Silver futures are down $0.133 or 0.37% at $34.300 an ounce.

Swiss Market Closes On Bright Note

The Switzerland market closed on a bright note on Wednesday after holding firm right through the day's trading session thanks to sustained buying at several counters from across various sectors.

RTTNews | 3小时55分钟前

European Stocks Close Higher On Bargain Hunting, Fairly Positive Economic Data

European stocks closed broadly higher on Wednesday as slightly encouraging data on private sector activity in the region aided sentiment. Bargain hunting at several counters after Tuesday's decline helped as well in pushing up prices.

RTTNews | 4小时19分钟前

Consumer Staples, Materials Stocks Rise As TSX Hits New Record High

The Canadian market is up in positive territory a little past noon on Wednesday, thanks to strong gains in consumer staples, materials and technology sectors. Energy and healthcare stocks are weak, while shares from rest of the sectors are turning in a mixed performance.

RTTNews | 5小时12分钟前

U.S. Job Openings Fall To Ten-Month Low In July

Job openings in the U.S. fell to their lowest level in ten months in July, according to a report released by the Labor Department on Wednesday. The Labor Department said job openings dipped to 7.181 million in July after tumbling to a downwardly revised 7.357 million in June.

RTTNews | 6小时25分钟前

U.S. Factory Orders Slump Roughly In Line With Estimates In July

A report released by the Commerce Department on Wednesday showed an extended slump by new orders for U.S. manufactured goods in the month of July. The Commerce Department said factory orders fell by 1.3 percent in July after plunging by 4.8 percent in June. Economists had expected factory orders to decrease by 1.4 percent.

RTTNews | 7小时31分钟前

Eurozone Private Sector Growth At 1-Year High

The euro area private sector expanded at the fastest pace in a year in August but the overall pace was sluggish as the service sector held back growth, final survey data from S&P Global showed on Wednesday. The HCOB composite output index rose to 51.0 in August from 50.9 in July. The score was slightly below the initial estimate of 51.1.

RTTNews | 8小时47分钟前

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a somewhat mixed note on Wednesday, tracking commodity prices. With some crucial economic data, including jobs data from Canada and the U.S. due later in the week, the mood is likely to remain cautious.

RTTNews | 9小时7分钟前

FTSE Up Nearly 0.6%; Miners Among Top Gainers

The U.K. market remains well placed in positive territory in early afternoon trades on Wednesday, coming back strongly after posting a notable loss in the previous session. Mining stocks are among the prominent gainers.

RTTNews | 9小时55分钟前

EURUSD	1.16588	GBPUSD	1.34367	AUDUSD	0.65409
USDJPY	148.046	USDCAD	1.37904	USDCHF	0.8033