Bay Street May Open Slightly Higher; U.S., Canadian Jobs Data In Focus

RTTNews | 6 dagar sedan
Bay Street May Open Slightly Higher; U.S., Canadian Jobs Data In Focus

(RTTNews) - Higher Canadian and U.S. futures point to a slightly positive start on Bay Street Friday morning. The focus is on the crucial jobs data from Canada as well as the U.S.

Lingering concerns about trade tensions may weigh on sentiment and limit market's upside.

Economists expect U.S. employment to increase by 130,000 jobs in May after an increase of 177,000 jobs in April. The unemployment rate is expected to hold at 4.2 percent.

The Canadian market ended slightly up on Thursday after spending much of the day's trading session in negative territory amd concerns about the potential impact of Trump administration's tariff moves.

The benchmark S&P/TSX closed up 13.29 points or 0.05% at 26,342.29.

Asian stocks ended mixed in lackluster trading on Friday despite the leaders of the U.S. and China agreeing to further talks aimed at reaching a deal.

U.S. President Donald Trump described a phone call with his Chinese counterpart as "very good" and said it "resulted in a very positive conclusion for both countries."

Traders also reacted to an ECB rate cut and braced for a U.S. employment report later in the day for additional clues on the Fed's rate trajectory.

The major European markets are subdued with investors treading cautiously as they await U.S. non-farm payrolls data for the month of May.

In commodities trading, West Texas Intermediate Crude oil futures are down $0.12 or 0.2% at $63.25 a barrel.

Gold futures are gaining $6.70 or 0.2% at $3,381.80 an ounce, while Silver futures are up $0.485 or 1.35% at $36.290 an ounce.

read more
Antipodean Currencies Slide Amid Risk-off Mood; Safe-haven CHF, JPY Rises

Antipodean Currencies Slide Amid Risk-off Mood; Safe-haven CHF, JPY Rises

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Friday, amid heightening geopolitical tensions in the Middle East region after Israel launched a preemptive strike against Iran in a major escalation of the regional conflict. U.S. officials confirmed that the U.S. had no involvement or role in the operation. Tensions between the U.S. and Iran are also rising over the latter's nuclear developments.
RTTNews | 2h 0minuter sedan
Yen Rises Against Most Majors

Yen Rises Against Most Majors

The Japanese yen strengthened against most major currencies in the Asian session on Friday.
RTTNews | 3h 11minuter sedan
European Shares Set For Gap-down Open

European Shares Set For Gap-down Open

European shares are seen opening sharply lower on Friday as trade uncertainties and escalating geopolitical tensions sparked flight to safety.
RTTNews | 3h 50minuter sedan