Bay Street Seen Opening On Positive Note

RTTNews | 877 дней спустя
Bay Street Seen Opening On Positive Note

(RTTNews) - Canadian shares are likely to open on a positive note on Wednesday, tracking higher crude oil and bullion prices, and on hopes the Canadian central bank will be less aggressive with its policy stance following a drop in consumer price inflation.

Data on Canadian raw materials and producer prices for the month of December are due at 8:30 AM ET.

Raw materials prices in Canada dropped to 8% in November from 8.6% in October of 2022, while producer prices advanced by 9.7% from a year ago in November 2022.

The Canadian market ended on a positive note on Tuesday, gaining for an eighth successive session. Shares from energy, healthcare and utilities sections closed higher. Materials shares ended weak.

The benchmark S&P/TSX Composite Index ended with a gain of 67.13 points or 0.33% at 20,457.46, after scaling a low of 20,389.75 and a high of 20,47.94 intraday.

Asian stocks ended broadly higher on Wednesday, with Japanese markets leading regional gains as the yen plunged on dovish signals from the Bank of Japan.

China's Shanghai Composite index fluctuated before finishing marginally higher after experts cautioned that a massive spike in death cases will likely hit the country post the holiday season.

European stocks are struggling for direction today after fice successive days of gains. Worries about a recession appear to be weighing on sentiment.

In commodities trading, West Texas Intermediate Crude oil futures are up $1.62 or 2.02% at $81.80 a barrel.

Gold futures are gaining $9.60 or 0.5% at $1,919.50 an ounce, while Silver futures are up $0.287 or 1.19% at $24.355 an ounce.

read more
Canadian Dollar Higher Amid Rising Oil Prices

Canadian Dollar Higher Amid Rising Oil Prices

The Canadian dollar advanced against its most major counterparts in the New York session on Friday amid a spike in oil prices after Israel launched fresh wave of attacks on Iran.
RTTNews | 7ч 50мин назад
Swiss Stock Market Heads South On Friday

Swiss Stock Market Heads South On Friday

The Swiss stock market turned lower again on Friday, one day after snapping the two-day slide in which it had given up more than 50 points or 0.4 percent.
RTTNews | 9ч 49мин назад
U.S. Consumer Sentiment Improves Much More Than Expected In June

U.S. Consumer Sentiment Improves Much More Than Expected In June

Preliminary data released by the University of Michigan on Friday showed a substantial improvement by consumer sentiment in the U.S. in the month of June. The University of Michigan said its consumer sentiment index surged to 60.5 in June after holding at 52.2 in May. Economists had expected the index to rise to 53.5.
RTTNews | 13ч 17мин назад
CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 1.2 million Anker Power Banks, as well as hedge trimmers, high chairs, mattresses, pool covers and Skywalker Pro Via Ferrata Sets. China- based Anker Innovations Limited has called back about 1.16 million units of power banks citing fire and burn risks, and TTI Outdoor Power Equipment recalled...
RTTNews | 13ч 39мин назад
FTSE 100 Falls Amidst Israel-Iran Conflict

FTSE 100 Falls Amidst Israel-Iran Conflict

Renewed geopolitical tensions from the Israel-Iran conflict weighed on sentiment for the FTSE 100 benchmark as it shed more than a quarter percent in Friday's trade.
RTTNews | 15ч 30мин назад
Eurozone Trade Surplus Declines To 3-Month Low

Eurozone Trade Surplus Declines To 3-Month Low

Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.
RTTNews | 15ч 45мин назад
Geopolitical Tensions Drag Down CAC 40

Geopolitical Tensions Drag Down CAC 40

An escalation in geopolitical tensions in the Middle East triggered by the Israel-Iran conflict weighed on market sentiment dragging down the CAC 40. Concerns about the trade dispute between the U.S. also weighed on sentiment.
RTTNews | 16ч 27мин назад