Canadian Market Likely To Open Lower

RTTNews | 252 dias atrás
Canadian Market Likely To Open Lower

(RTTNews) - Lower Canadian and U.S. futures, and weak commodity prices point to a negative start on Bay Street Tuesday morning. Canadian inflation data and U.S. retail sales data are in focus, and investors are also looking ahead to the Federal Reserve's monetary policy meeting that gets underway today.

Canadian inflation data for the month of November is due at 8:30 AM ET.

The annual inflation rate in Canada rose to 2% in October from an over-three-year low of 1.6% in the previous month. The CPI increased 0.4% in October over the previous month.

The annual core inflation rate ticked higher to 1.7% in October, up from 1.6% in September. On a monthly basis, core inflation rose by 0.4% in October, after coming in flat in the prior month.

The new housing price index score for the month of November is also due at 8:30 AM ET.

The Canadian market closed weak on Monday, extending losses to a third straight session as weak oil and gold prices weighed on energy and materials stocks. Communications shares were the other major losers.

The benchmark S&P/TSX Composite Index closed down 127.09 points or 0.5% at 25,147.21.

Asian stocks turned in a mixed performance on Tuesday as investors eyed the interest rate decisions from the Federal Reserve, the Bank of Japan and Bank of England for hints on where interest rates are headed in 2025.

European stocks are weak with investors looking ahead to a slew of central bank decisions this week, and closely watching the latest political developments in Germany and France.

In commodities, West Texas Intermediate Crude oil futures are down $0.76 or 1.07% at $69.95 a barrel.

Gold futures are down $10.80 or 0.4% at $2,659.20 an ounce, while Silver futures are lower by $0.302 or 0.97% at $30.755 an ounce.

read more
TSX Modestly Higher As Financials, Mining Stocks Move Up

TSX Modestly Higher As Financials, Mining Stocks Move Up

Despite concerns about global trade, and political uncertainty in Europe, the Canadian market is modestly higher Tuesday afternoon, supported by gains in materials, industrials and financials sectors.
RTTNews | 3 h 30 min atrás
Swiss Market Settles Weak

Swiss Market Settles Weak

After opening with a big negative gap Tuesday morning, the Swiss market gradually recovered some lost ground, and even managed a brief spell in positive territory midway through the session, but failed to sustain momentum and finally ended the day's session in the red.
RTTNews | 3 h 48 min atrás
U.S. Consumer Confidence Index Edges Lower In August

U.S. Consumer Confidence Index Edges Lower In August

A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.
RTTNews | 7 h 40 min atrás
U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July. The Commerce Department said durable goods orders slumped by 2.8 percent in July after plummeting by a revised 9.4 percent in June.
RTTNews | 7 h 51 min atrás
Bay Street May Open On Weak Note

Bay Street May Open On Weak Note

Canadian shares look headed for negative start on Tuesday, weighed down by weak oil prices, and concerns about global trade after U.S. President Donald Trump threatened 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.
RTTNews | 9 h 10 min atrás
U.S. Durable Goods Orders Tumble Less Than Expected In July

U.S. Durable Goods Orders Tumble Less Than Expected In July

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July.
RTTNews | 9 h 15 min atrás