Bay Street Seen Opening On Mixed Note

RTTNews | Pred 43 dňami

(RTTNews) - Canadian shares may open on a slightly mixed note on Thursday tracking the trend in the commodity markets, and somewhat firm European stocks.

Gold and silver prices have moved higher, while oil prices are down on demand concerns.

The focus, once again, will be on trade negotiations between the U.S. and several other major nations.

Imperial Bank of Commerce announced the public offering in the United States of US$750 million of 7.000% Fixed Rate Reset Limited Recourse Capital Notes Series 7 (Non-Viability Contingent Capital (NVCC)) or the "LRCNs". CIBC said it expects to use the net proceeds from the sale of the LRCNs for general corporate purposes, which may include the redemption of outstanding capital securities of CIBC, and/or the repayment of other outstanding liabilities of CIBC.

The Canadian market closed modestly higher on Wednesday, supported by gains in the mining sector, despite the US President Donald Trump getting aggressive with tariff imposition.

Trump's announcement of an additional 10% tariff on the 11-member BRICS nations as well as his plans to impose 50% and 200% levies on Copper and pharmaceutical imports to the US, respectively, has raised concerns on the trade front.

The benchmark S&P/TSX Composite Index reached an intraday high of 27,018.54 after noon, and settled at 26,972.32, up by 68.75 or about 0.26%.

Asian stocks ended Thursday's session mostly higher, unfazed by U.S. President Donald Trump's latest tariff salvos.

After threatening tariffs on copper and pharma, Trump upped the stakes in his global trade war with a fresh round of tariffs on imports from eight nations.

He imposed a 50% tariff on Brazilian imports over Jair Bolsonaro's prosecution, prompting sharp retaliation from President Lula.

The major European markets are up firmly in positive territory amid rising optimism about the European Union striking a trade deal with the U.S. in the coming days.

In commodities trading, West Texas Intermediate Crude oil futures are down $0.28 or 0.41% at $68.10 a barrel.

Gold futures are gaining $14.40 or 0.43% at $3,335.40 an ounce, while Silver futures are up $0.385 or 1.05% at $37.015 an ounce.

U.S. Dollar Drops After Powell's Speech

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as Federal Reserve Chair Jerome Powell hinted at a potential rate cut next month.

RTTNews | Pred 54 minútami

TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

The Canadian market is up firmly in positive territory a little past noon on Friday, with stocks from across several sectors moving higher on strong buying support amid rising hopes of an interest rate cut by the Federal Reserve in September.

RTTNews | Pred 6 h 25 min

Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Federal Reserve Chair Jerome Powell delivered a highly-anticipated speech before the Jackson Hole Economic Symposium on Friday, although he touched only briefly on the outlook for monetary policy. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said.

RTTNews | Pred 8 h 33 min

Bay Street Likely To Open On Mixed Note; Powell's Speech Eyed

Canadian shares are likely to open on a somewhat mixed note Friday morning with investors awaiting Fed Chair Jerome Powell's speech at Jackson Hole. Lower commodity prices may weigh a bit early on in the session.

RTTNews | Pred 11 h 3 min

Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns

Indian shares fell sharply on Friday after a Trump administration official called India the 'Maharaja' of tariffs and ramped up his criticism over the trade ahead of an expected tariff increase on August 27.

RTTNews | Pred 12 h 49 min

FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

U.K. stocks are turning in a mixed performance in cautious trade on Friday, amid a lack of fresh triggers. Investors are awaiting Fed Chair Jerome Powell's speech later in the day at the Jackson Hole Symposium, for clues about U.S. central bank's interest rate move next month.

RTTNews | Pred 12 h 55 min

U.S. Dollar Rises Ahead Of Fed's Powell Speech

The U.S. dollar strengthened against other major currencies in the European session on Friday, as traders expect speech by Fed Chair Jerome Powell at the Jackson Hole Symposium.

RTTNews | Pred 12 h 59 min

CAC 40 Up Slightly In Lackluster Trade

French stocks are mostly subdued on Friday with investors refraining from making significant moves, choosing to wait for key speeches from central bank chiefs at the Jackson Hole Symposium. The focus is on Fed Chair Jerome Powell's speech for clues about interest rate cuts in September.

RTTNews | Pred 13 h 17 min

EURUSD	1.17215	GBPUSD	1.35266	AUDUSD	0.64914
USDJPY	146.942	USDCAD	1.38264	USDCHF	0.80144