Bay Street Likely To Open On Positive Note

RTTNews | Pred 2 dňami

(RTTNews) - Canadian shares are likely to open higher Monday morning, with firm metal prices expected to trigger buying in the materials sector. The focus will be on the developments on the trade front and corporate earnings announcements.

In company news, MDA Space Ltd. (MDA.TO), a Canadian space technology provider, Monday announced that it is investing $10 million in Maritime Launch Services Inc. (MAXQ.NE), a Canadian-owned commercial space company, for a price of $0.223 per share.

On the economic front, a report on Canadian manufacturing activity data in the month of October is due at 9.30 AM ET.

Canadian stocks settled higher on Friday, triggered by positive signs on easing of Canada-China trade friction after the leaders of the two nations discussed bilateral trade relations, with future meetings on the anvil for bettering mutual economic ties.

The benchmark S&P/TSX Composite Index closed at 30,260.74, up by 81.76 points or 0.27%.

In a significant development, Canadian Prime Minister Mark Carney and Chinese President Xi Jinping held their first formal talks in eight years on Fiday.

Asian stocks ended higher in thin trade on Monday, with Japanese markets closed for a public holiday. Investors monitored the latest trade developments after the White House released details of a new trade and economic agreement reached between U.S. President Donald Trump and Chinese President Xi Jinping in South Korea.

Beijing has reportedly agreed to suspend new export controls on rare earth metals and end investigations into U.S. firms in the semiconductor supply chain.

The major European markets are up in positive territory, although gains in some of the markets re up just marginal, with investors continuing to assess recent earnings and economic updates, and awaiting fresh batch of corporate results and economic data.

In commodities trading, West Texas Intermediate crude oil futures are down slightly at $60.95 a barrel.

Gold futures are gaining $27.70 or 0.69% at $4,024.20 an ounce, while Silver futures are up $0.335 or 0.7% at $48.495 an ounce.

Swiss Market Ends On Positive Note; UBS, Sika Among Top Gainers

The Switzerland market started off on a weak note on Wednesday, and like most of its European peers, recovered gradually and kept edging higher past mid afternoon to eventually settle on a firm note.

RTTNews | Pred 3 h 23 min

European Stocks Shrug Off Early Weakness, Close Higher

European stocks recovered after a weak start and settled on a positive note on Wednesday, as investors tracked steady U.S. markets and indulged in some bargain hunting at several counters.

RTTNews | Pred 3 h 42 min

TSX Rises Over 1%; Materials, Energy Stocks Move Up Sharply

The Canadian market is up firmly in positive territory on Wednesday, lifted by strong gains in energy, materials and technology sectors. Data showing an improvement in Canadian services sector activity, firm commodity prices and bargain hunting after recent sharp decline contribute to market's notable move up north.

RTTNews | Pred 4 h 35 min

U.S. Service Sector Activity Returns To Expansion In October

The Institute for Supply Management released a report on Wednesday showing U.S. service sector activity returned to expansion in the month of October. The ISM said its services PMI climbed to 52.4 in October after falling to 50.0 in September, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.8.

RTTNews | Pred 6 h 39 min

U.S. Private Sector Employment Rebounds More Than Expected In October

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. rebounded by more than expected in the month of October. ADP said private sector employment climbed by 42,000 jobs in October after slipping by a revised 29,000 jobs in September. Economists had expected private sector employment to rise by 25,000 jobs.

RTTNews | Pred 7 h 22 min

U.S. Private Sector Adds 42,000 Jobs In October, More Than Expected

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. rebounded by more than expected in the month of October.

RTTNews | Pred 8 h 39 min

Higher Commodity Prices, Bargain Hunting May Lift Canadian Stocks At Open

Canadian stocks may move higher Wednesday morning, tracking firm oil and metal prices. Some bargain hunting is also likely after a sell-off in the previous session pushed the market to a six-week low.

RTTNews | Pred 8 h 49 min

Wall Street May Open With Slightly Negative Bias

Slightly lower S&P and Nasdaq futures amid valuation concerns indicate a flat to negative start for stocks on Wall Street Wednesday morning. Data on manufacturing and services sector activity in the U.S. in the month of October may provide some direction to the mark

RTTNews | Pred 9 h 7 min

EURUSD	1.14882	GBPUSD	1.30489	AUDUSD	0.65035
USDJPY	154.133	USDCAD	1.41084	USDCHF	0.81025