Bay Street Likely To Open On Weak Note

RTTNews | Pred 818 dňami
Bay Street Likely To Open On Weak Note

(RTTNews) - Canadian shares are likely to open on a negative note on Thursday, tracking a sell-off in European markets, and weak crude oil prices, amid rising concerns about the crisis in the financial sector.

Following the terrible collapse of Silicon Valley Bank and Signature Bank in the U.S., global stocks are taking a severe hammering now following reports about Swiss banking giant Credit Suisse's short-term debt woes.

Credit Suisse shares are plunging following Saudi National Bank saying it would not be able to offer more financial help. Several bank stocks in Europe, including BNP Paribas, Commerzbank, Societe Generale and Deutsche Bank suffered sharp losses this morning.

U.S. index futures are down sharply, and the Canadian S&P/TSX futures are falling as well, pointing to a weak opening on Bay Street.

The Canadian market ended on a firm note on Tuesday despite paring most of its early gains. The mood was positive as data showing U.S. consumer prices rising in line with expectations in February supported expectations for a smaller rate hike by the Federal Reserve this month.

The benchmark S&P/TSX Composite Index ended with a gain of 105.26 points or 0.54% at 19,694.16, snapping a three-day losing streak.

Asian stocks closed higher on Wednesday as data showing a recovery in China's economic activity helped outweigh concerns about U.S. bank contagion fears.

European stocks are plunging sharply with investors keeping a close eye on the developments surrounding the SVB crisis, and the debt woes of Swiss bank Credit Suisse.

In commodities trading, West Texas Intermediate Crude oil futures are down $1.26 or 1.77% at $70.07 a barrel.

Gold futures are gaining $17.30 or about 0.91% at $1,928.20 an ounce, while Silver futures are up $0.290 or 1.3% at $22.330 an ounce.

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Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.
RTTNews | Pred 1 h 15 min
European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.
RTTNews | Pred 1 h 31 min
TSX Up Marginally; Energy Stocks Rise

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.
RTTNews | Pred 2 h 38 min
U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.
RTTNews | Pred 3 h 15 min
Eurozone Investor Confidence Strongest In A Year: Sentix

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.
RTTNews | Pred 6 h 9 min
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Tuesday morning with investors looking for directional clues as they await the outcome of the U.S.-China trade negotiations.
RTTNews | Pred 7 h 2 min
FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

Despite data showing an increase in the nation's unemployment rate, U.K. stocks are up in positive territory a little past noon on Tuesday on selective buying amid some optimism over the ongoing U.S.-China trade talks in London.
RTTNews | Pred 7 h 35 min
CAC 40 Down Marginally In Cautious Trade

CAC 40 Down Marginally In Cautious Trade

French stocks are largely subdued on Tuesday as investors refrain from making significant moves while awaiting the outcome of the ongoing trade talks between U.S. and Chinese officials in London.
RTTNews | Pred 8 h 20 min