Bay Street May Open With Slightly Negative Bias

RTTNews | Pred 1116 dňami

(RTTNews) - Canadian shares are likely to open with a slightly negative bias Tuesday morning, weighed down by weakness in European markets and rising geopolitical tensions.

Also, with the crucial U.S. inflation data due on Wednesday, traders may be reluctant to make significant moves. Higher crude oil prices might trigger some buying in the energy sector and limit market's downside.

In earnings news, Hydro One Limited (H.TO) reported net income of $255 million for the quarter ended June 30, 2022, compared with net income of $238 million in the corresponding quarter last year.

Bausch Health Companies Inc. (BHC.TO) reported total revenues of $1.967 billion for the second quarter of 2022, as compared to $2.1 billion in the second quarter of 2021, a decrease of $133 million, or 6%.

The Canadian market ended modestly higher on Monday after staying in a tight range. The benchmark S&P/TSX Composite Index ended with a gain of 49.04 points or 0.25% at 19,669.17 after scaling a low of 19,661.75 and a high of 19,768.01 intraday.

Asian stocks ended slightly higher on Tuesday, though Japanese markets fell sharply on disappointing earnings news. Regional gains were capped ahead of key U.S. inflation data due on Wednesday.

European stocks are down in negative territory amid rising geopolitical tensions and caution ahead of key U.S. inflation print for clues on the Fed's next move.

The Russian bombardment of a Ukrainian power plant has sparked fears of a radioactive fallout in Europe. Elsewhere, Taiwan's foreign minister said earlier today that China has used the drills in its military playbook to prepare for the invasion of Taiwan.

In commodities trading, West Texas Intermediate Crude oil futures are up $1.20 or 1.32% at $91.96 a barrel.

Gold futures are gaining $1.50 or 0.1% at $1,806.70 an ounce, while Silver futures are up $0.011 or 0.05% at $20.625 an ounce.

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.

RTTNews | Pred 15 minútami

Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings

Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.

RTTNews | Pred 2 h 28 min

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.

RTTNews | Pred 3 h 5 min

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.

RTTNews | Pred 3 h 33 min

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | Pred 6 h 18 min

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | Pred 6 h 37 min

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | Pred 7 h 20 min

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | Pred 7 h 50 min

EURUSD	1.16916	GBPUSD	1.35064	AUDUSD	0.65409
USDJPY	147.023	USDCAD	1.37383	USDCHF	0.8003