Bay Street Seen Opening On Cautious Note As Investors Eye Fed Rate Decision

RTTNews | 995 dni temu

(RTTNews) - The Canadian market is likely to open on a cautious note on Wednesday with investors looking ahead to the Federal Reserve's monetary policy announcement.

The Fed is widely expected to raise interest rate by 50 basis points, after data showed U.S. consumer prices increased at the slowest pace in almost a year in November.

Final data on Canadian manufacturing sales for the month of October is due at 9:00 AM ET.

The Federal Reserve, which is scheduled to announce its monetary policy on Wednesday, is widely expected to raise interest rate by another 50 basis points, but the slower price growth may offset recent worries about future rate hikes.

The Canadian market failed to retain early gains and ended flat on Tuesday. The market rose sharply in early trades after data showing a tamer-than-expected increase in U.S. consumer prices helped ease concerns about the outlook for interest rates.

The Labor Department's report said the consumer price index crept up by 0.1% in November after climbing by 0.4% in October. Economists had expected consumer prices to rise by 0.3%.

The report also showed the annual rate of growth by consumer prices slowed to 7.1% in November from 7.7% in October.

The benchmark S&P/TSX Composite Index, which climbed nearly 330 points in early trade to 20,341.26, ended the session with a gain of 3.76 points or 0.02% at 20,023.46.

Asian stocks closed higher on Wednesday as euphoria surrounding the lower-than-expected inflation readings in the U.S. helped lift sentiment. However, caution ahead of key central bank decisions on interest rates and China's covid caseloads kept the gains in check.

European stocks are down in negative territory with investors largely staying cautious ahead of the Federal Reserve's monetary policy announcement, due later in the day.

In commodities trading, West Texas Intermediate Crude oil futures for January are up $0.56 at $0.74% at $75.95 a barrel.

Gold futures are down $8.40 or 0.46% at $1,817.10 an ounce, while Silver futures are down $0.115 or 0.48% at $23.875 an ounce.

Canadian Market Looks Headed For Another Positive Close

The Canadian market is firmly placed in positive territory Thursday afternoon, thanks largely to a fine performance by several technology stocks, and a few frontline stocks from consumer discretionary, real estate, communications and financials sectors.

RTTNews | 19 minut temu

Swiss Market Closes On Buoyant Note

The Switzerland market closed on a strong note on Thursday, in line with most of the markets across Europe, amid rising expectations of a rate cut by the Federal Reserve, and easing concerns about tariffs.

RTTNews | 54 minut temu

European Stocks Close Higher Ahead Of Crucial U.S. Jobs Data

European stocks closed mostly higher on Thursday, with most of the markets in the region gaining for a second straight day amid cooling bond markets. Still, the mood in the markets remained a bit cautious with investors looking ahead to crucial U.S. non-farm payroll data on Friday.

RTTNews | 1g 29 minut temu

U.S. Services Index Climbs To Six-Month High In August

Service sector growth in the U.S. accelerated by more than anticipated in the month of August, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI rose to 52.0 in August from 50.1 in July, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.5.

RTTNews | 3g 56 minut temu

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

A report released by the Labor Department on Thursday showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025. The Labor Department said labor productivity shot up by 3.3 percent in the second quarter compared to the previously reported 2.4 percent jump. Economists had expected the increase in labor productivity to be unrevised.

RTTNews | 4g 14 minut temu

U.S. Trade Deficit Widens More Than Expected As Imports Spike

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July. The Commerce Department said the trade deficit shot up to $78.3 billion in July from a revised $59.6 billion in June. Economists had expected the trade deficit to increase to $75.7 billion.

RTTNews | 4g 44 minut temu

U.S. Jobless Claims Rise More Than Expected To Two-Month High

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th. The Labor Department said initial jobless claims climbed to 237,000, an increase of 8,000 from the previous week's unrevised level of 229,000.

RTTNews | 4g 48 minut temu

U.S. Private Sector Job Growth Slows More Than Expected In August

A report released by payroll processor ADP on Thursday showed private sector employment in the U.S. increased by less than expected in the month of August. ADP said private sector employment rose by 54,000 jobs in August after jumping by an upwardly revised 106,000 jobs in July. Economists had expected private sector employment to rise by 65,000 jobs.

RTTNews | 5g 5 minut temu

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