Bay Street Seen Opening On Mixed Note; Jobs Data In Focus

RTTNews | Pred 978 dňami
Bay Street Seen Opening On Mixed Note; Jobs Data In Focus

(RTTNews) - Canadian shares look headed for a mixed start on Friday. Jobs data from the U.S. and Canada hold the key for the market's movements.

Data on Canadian employment for the month of September is due at 8:30 AM ET. The U.S. Labor Department is also set to release its non-farm payrolls data for the month of September.

The Canadian economy shed 39,700 jobs in August of 2022 as against expectations for an addition of about 15,000 jobs. The unemployment rate rose to 5.4% in August from the record=low of 4.9% observed in the previous two months.

In Canadian company news, MTY Food Group Inc (MTY.TO) reported Friday that its third-quarter net income attributable to owners reached C$22.44 million or C$0.92 per share, down from last year's C$24.34 million or C$0.98 per share.

The Canadian market ended on a weak note on Thursday, extending losses from the previous session, as rising concerns about inflation and looming rate hikes weighed on stocks.

Hawkish comments from some Federal Reserve officials that the central bank needs to remain aggressive with its monetary policy, and rising crude oil prices, which could push up inflation, have raised the possibility of another steep interest rate hike by the Fed at its next meeting.

The benchmark S&P/TSX Composite Index ended with a loss of 256.08 points or 1.33% at 18,979.01, nearly 85 points off the day's low of 18,895.40.

Asian stocks declined on Friday as investors digested hawkish comments from some Fed officials and awaited a key U.S. jobs report due later in the day for further clarity on labor market conditions.

European stocks are seeing sluggish movements in lackluster trade as investors await U.S. jobs data for clarit on labor market conditions.

In commodities trading, West Texas Intermediate Crude oil futures for September are up $0.91 or 1.03% at $89.36 a barrel.

Gold futures are down $4.70 or 0.27% at $1,716.10 an ounce, while Silver futures are up marginally at $20.685 an ounce.

read more
European Economic News Preview: UK GDP, Foreign Trade Data Due

European Economic News Preview: UK GDP, Foreign Trade Data Due

Monthly GDP, industrial production and foreign trade from the UK are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade figures. The economy is forecast to shrink 0.1 percent on a monthly basis in April, reversing a 0.2 percent rise in March.
RTTNews | Pred 18 minútami
Sensex, Nifty Subdued In Cautious Trade

Sensex, Nifty Subdued In Cautious Trade

Indian shares were subdued on Thursday as investors assessed U.S. President Donald Trump's declaration that a trade deal with China was "done" and that he would set unilateral tariff rates for trading partners within two weeks.
RTTNews | Pred 35 minútami
Australian Market Doubles Early Gains In Mid-market

Australian Market Doubles Early Gains In Mid-market

The Australian market is doubling its early gains in mid-market moves on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains in gold miners and energy stocks partially offset by weakness in iron ore miners.
RTTNews | Pred 58 minútami
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, after US President Donald Trump said he and Chinese President Xi Jinping "are going to work closely together to open up China to American Trade." However, signs of escalating geopolitical tensions in the Middle East are weighing on market sentiment.
RTTNews | Pred 1 h 49 min
Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Indian shares look set to open lower on Thursday as oil prices climbed on signs of rising tensions in the Middle East and U.S. President Donald Trump said he would notify trading partners within the next one to two weeks about the new unilateral tariff rates, with the choice to accept or reject them.
RTTNews | Pred 2 h 27 min
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, collecting more than 6 points or 0.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,140-point plateau although it may be stuck in neutral on Thursday.
RTTNews | Pred 3 h 0 min
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | Pred 3 h 22 min
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | Pred 3 h 30 min