Bay Street Seen Opening On Mixed Note; Jobs Data In Focus

RTTNews | Pred 973 dňami

(RTTNews) - Canadian shares look headed for a mixed start on Friday. Jobs data from the U.S. and Canada hold the key for the market's movements.

Data on Canadian employment for the month of September is due at 8:30 AM ET. The U.S. Labor Department is also set to release its non-farm payrolls data for the month of September.

The Canadian economy shed 39,700 jobs in August of 2022 as against expectations for an addition of about 15,000 jobs. The unemployment rate rose to 5.4% in August from the record=low of 4.9% observed in the previous two months.

In Canadian company news, MTY Food Group Inc (MTY.TO) reported Friday that its third-quarter net income attributable to owners reached C$22.44 million or C$0.92 per share, down from last year's C$24.34 million or C$0.98 per share.

The Canadian market ended on a weak note on Thursday, extending losses from the previous session, as rising concerns about inflation and looming rate hikes weighed on stocks.

Hawkish comments from some Federal Reserve officials that the central bank needs to remain aggressive with its monetary policy, and rising crude oil prices, which could push up inflation, have raised the possibility of another steep interest rate hike by the Fed at its next meeting.

The benchmark S&P/TSX Composite Index ended with a loss of 256.08 points or 1.33% at 18,979.01, nearly 85 points off the day's low of 18,895.40.

Asian stocks declined on Friday as investors digested hawkish comments from some Fed officials and awaited a key U.S. jobs report due later in the day for further clarity on labor market conditions.

European stocks are seeing sluggish movements in lackluster trade as investors await U.S. jobs data for clarit on labor market conditions.

In commodities trading, West Texas Intermediate Crude oil futures for September are up $0.91 or 1.03% at $89.36 a barrel.

Gold futures are down $4.70 or 0.27% at $1,716.10 an ounce, while Silver futures are up marginally at $20.685 an ounce.

European Markets Close Higher

The major European markets closed slightly higher on Friday, supported by data showing stronger-than-expected jobs growth in the U.S., and an upward revision in eurozone first-quarter GDP. Weak industrial production data from Germany and France, and persisting concerns about U.S. tariffs limited markets' upside.

RTTNews | Pred 27 minútami

CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 3.8 million units of dumbbells by Johnson Health Tech Trading, 1.7 million air conditioners by Midea America Corp., around 352 thousand units of Yamaha golf cars including previously recalled ones, and around 50 thousand units of Apollo America's Combination Smoke and Carbon Monoxide or CO Detectors.

RTTNews | Pred 1 h 4 min

TSX Pares Some Gains After Hitting Fresh Record High

Canadian stocks are up in positive territory in late morning trade on Friday, amid slightly easing concerns about tariffs following somewhat encouraging phone calls between the U.S. President Donald Trump and Chinese Premier Xi. Investors are also digesting the nation's jobs data, as well the non-farm payrolls data from the U.S.

RTTNews | Pred 2 h 5 min

U.S. Job Growth Slightly Exceeds Estimates In May

Employment in the U.S. increased by slightly more than expected in the month of May, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April.

RTTNews | Pred 4 h 9 min

U.S. Employment Jumps Slightly More Than Expected In May

Employment in the U.S. increased by slightly more than expected in the month of May, according to a report released by the Labor Department on Friday.

RTTNews | Pred 5 h 16 min

Bay Street May Open Slightly Higher; U.S., Canadian Jobs Data In Focus

Higher Canadian and U.S. futures point to a slightly positive start on Bay Street Friday morning. The focus is on the crucial jobs data from Canada as well as the U.S. Lingering concerns about trade tensions may weigh on sentiment and limit market's upside.

RTTNews | Pred 5 h 31 min

Eurozone GDP Growth Accelerates To 0.6%

The euro area economic growth doubled in the first quarter on household spending, investment and exports, official data revealed on Friday. Gross domestic product logged a quarterly growth of 0.6 percent in the first quarter, which was faster than the initial estimate of 0.3 percent, Eurostat said. This followed a 0.3 percent rise in the fourth quarter of 2024.

RTTNews | Pred 7 h 19 min

India Slashes Policy Rates By Bigger Than Expected 50 Bps; Shifts Stance To Neutral

The Reserve Bank of India lowered its interest rates by a sharper-than-expected 50 basis points on Friday, marking the third consecutive reduction as policymakers focused on propelling growth amid the softening inflation, but the central bank shifted its monetary policy stance to neutral signaling a pause ahead. The MPC decided to cut the policy repo rate by 50 basis points to 5.50 percent.

RTTNews | Pred 7 h 31 min

EURUSD	1.13924	GBPUSD	1.3524	AUDUSD	0.64938
USDJPY	144.885	USDCAD	1.36911	USDCHF	0.82249

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Bay Street Seen Opening On Mixed Note; Jobs Data In Focus