Bay Street May Open With Negative Bias

RTTNews | 6 dias atrás

(RTTNews) - The Canadian market may open with a negative bias Friday morning, tracking weak global stocks and lower oil and silver prices.

Slightly fading hopes about an interest rate cut by the Federal Reserve next month, and renewed concerns about valuations of AI-related stocks are likely to weigh on stocks.

On the economic front, final data from Statistics Canada showed retail sales in Canada decreased 0.7% in September. Retail sales increased 3.4% in September of 2025 over the same month in the previous year.

The Canadian House Price Index dropped to -0.4% in October from -0.2% in September, another data from Statistics Canada showed.

The Canadian market ended on a weak note on Thursday, with stocks reversing early gains. Nvidia's stronger than expected third quarter earnings and fourth quarter guidance had lifted the market early on, but investors chose to take profits as the day progressed.

The benchmark S&P/TSX Composite Index settled with a loss of 371.86 points or 1.23% at 29,906.55, sliding from the day's high of 39,632.84.

Asian stocks closed lower on Friday as a brief Nvidia-led rally faded and mixed U.S. jobs data left markets uncertain whether the Federal Reserve will cut rates in December.

Chinese markets joined a global sell-off, with the benchmark Shanghai Composite index falling 2.45%. Hong Kong's Hang Seng index finished 2.38% lower, extending losses to a sixth straight session.

Japanese markets lost ground amid concerns over stretched valuations and AI investment profitability. Concerns about Japan's fiscal situation also weighed on markets after the cabinet approved a massive economic stimulus plan.

The major European markets are down in negative territory amid some weak regional economic data, and renewed concerns over AI-bubble, and uncertainty about Fed interest rate moves.

West Texas Intermediate Crude oil futures are down $0.49 or 0.8% at $58.51 a barrel.

Gold futures are up $3.00 or 0.07% at 4,063.00 an ounce, while Silver futures are down $1.141 or 2.27% at $49.160 an ounce.

European Shares Seen Opening Up In Low-volume Trade

European stocks are seen opening flat to slightly higher on Friday amid low-volume trade after data from Salesforce showed online sales in the U.S. on the Thanksgiving holiday are likely to increase 6 percent compared with last year to reach $8.6 billion.

RTTNews | 2 h 41 min atrás

Indian Shares Slightly Higher In Early Trade

Indian shares were slightly higher on Friday despite weak cues from other Asian markets.

RTTNews | 3 h 44 min atrás

Australian Market Slightly Higher In Mid-market

The Australian market is slightly higher in mid-market moves on Friday, adding to the gains in the previous four sessions, following the positive cues from European markets and lack of cues from Wall Street overnight. The benchmark S&P/ASX 200 is above the 8,600 level, with gains gold miners and technology stocks nearly offset by weakness in iron ore miners and financial stocks.

RTTNews | 4 h 32 min atrás

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Friday, following the positive cues from European markets and lack of cues from Wall Street overnight, as traders continue to react to optimism about an interest rate cut by the US Fed in December after three Fed officials recently voiced their preference for lowering rates further and soft US economic data. Asian markets ended mostly higher on Thursday.

RTTNews | 4 h 39 min atrás

Indian Shares Likely To Open On Cautious Note

Indian shares look set to open on a subdued note Friday as a global equity rally over the past week lost momentum.

RTTNews | 5 h 24 min atrás

Japanese Market Slightly Lower

Snapping a three-session losing streak, the Japanese market is slightly lower in choppy trading on Friday, following the slightly positive cues from European markets and lack of cues from Wall Street overnight. The Nikkei 225 is falling below the 50,150 level, with weakness in exporters and technology stocks partially offset by gains in financial stocks.

RTTNews | 6 h 30 min atrás

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Friday after opening in the red, adding to the gains in the previous four sessions, following the positive cues from European markets and lack of cues from Wall Street. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains gold miners and technology stocks partially offset by weakness in iron ore miners and financial stocks.

RTTNews | 6 h 48 min atrás

Canadian Dollar Advances Against Most Majors

The Canadian dollar firmed against its most major counterparts in the New York session on Thursday.

RTTNews | 7 h 32 min atrás

EURUSD	1.15882	GBPUSD	1.32187	AUDUSD	0.6526
USDJPY	156.359	USDCAD	1.40378	USDCHF	0.80494