Bay Street Likely To Open On Negative Note

RTTNews | Před 508 dny

(RTTNews) - Canadian shares are likely to open weak on Wednesday, weighed down by lower oil prices, disappointing guidance from Dutch semiconductor firm ASML, and geopolitical concerns.

Fears that Donald Trump's return to the White House would herald more inflation and higher interest rates may also weigh on the market.

Trump, who is the Republican presidential candidate, said in an interview with Bloomberg Business Week that Taiwan should pay the U.S. for supplying the island with defense equipment.

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The Canadian market climbed to fresh intraday and closing highs on Tuesday as soft inflation data raised expectations of an interest rate cut by the Bank of Canada next week.

Optimism about an interest rate cut by the Federal Reserve in September contributed as well to the positive mood on Bay Street.

The benchmark S&P/TSX Composite Index ended with a gain of 243.71 points or 1.07% at 22,995.39, slightly off the day's high of 22,996.14.

Asian stocks ended mixed on Wednesday while the dollar edged up as Donald Trump's election odds rose and the U.S. Republican presidential candidate said that Taiwan should pay the U.S. for supplying the island with defense equipment.

European stocks are down in negative territory, extending recent losses, with investors digesting regional inflation data and looking forward to the European Central Bank's rate-setting meeting later in the week for directional cues.

In commodities, West Texas Intermediate crude oil futures are up $0.36 or about 0.45% at $81.12 a barrel.

Gold futures are gaining $8.50 or 0.34% at $2,476.30 an ounce, while Silver futures are down $0.193 or 0.61% at $31.265 an ounce.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Monday, but reversing the gains in the previous session, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying well below the 8,650.00 level, with weakness across most sectors led by gold miners and energy stocks.

RTTNews | Před 1 h 9 min

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the broadly positive cues from Wall Street on Friday, as traders remain cautious ahead of the US Fed's monetary policy decision later in the week even though they are optimistic of an interest rates cut. They will look ahead to post meeting comments by Fed officials for hints about the outlook for interest rates into the next year.

RTTNews | Před 1 h 22 min

Indian Shares Likely To Open On Flat Note

Indian shares are seen opening on a flat note Monday, tracking mixed cues from global markets.

RTTNews | Před 1 h 47 min

Thai Bourse Expected To Snap Losing Streak On Monday

Ahead of Friday's holiday for King Bhumibol's birthday, the Thai stock market had ticked lower in back-to-back sessions, easing almost 4 points or 0.3 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,275-point plateau although it may stop the bleeding on Monday.

RTTNews | Před 2 h 27 min

Slight Upside Tipped For Indonesia Stock Market

The Indonesia stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had picked up almost 110 points or 1.3 percent. The Jakarta Composite Index now sits just above the 8,630-point plateau and it figures to remain rangebound again on Monday.

RTTNews | Před 2 h 57 min

Japanese Market Slightly Lower

The Japanese stock market is trading slightly lower on Monday, extending the losses in the previous session, despite the broadly positive cues from Wall Street on Friday, with the Nikkei 225 falling below the 50,450 level, with weakness is index heavyweights, financial and technology stocks partially offset by gains in automakers and exporter stocks.

RTTNews | Před 2 h 58 min

Hong Kong Shares Poised To Open To The Upside On Monday

The Hong Kong stock market has moved higher in consecutive trading days, advancing more than 325 points or 1.3 percent along the way. The Hang Seng Index now sits just above the 26,085-point plateau and it may see mild upside again on Monday.

RTTNews | Před 3 h 12 min

Australian Market Modestly Lower

The Australian stock market is modestly lower on Monday, reversing the gains in the previous session, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying well below the 8,650.00 level, with weakness across most sectors led by gold miners and energy stocks.

RTTNews | Před 3 h 21 min

EURUSD	1.16526	GBPUSD	1.33402	AUDUSD	0.66453
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