Bay Street May Open With Negative Bias

RTTNews | 20 dagar sedan

(RTTNews) - The Canadian market may open with a negative bias Friday morning, tracking weak global stocks and lower oil and silver prices.

Slightly fading hopes about an interest rate cut by the Federal Reserve next month, and renewed concerns about valuations of AI-related stocks are likely to weigh on stocks.

On the economic front, final data from Statistics Canada showed retail sales in Canada decreased 0.7% in September. Retail sales increased 3.4% in September of 2025 over the same month in the previous year.

The Canadian House Price Index dropped to -0.4% in October from -0.2% in September, another data from Statistics Canada showed.

The Canadian market ended on a weak note on Thursday, with stocks reversing early gains. Nvidia's stronger than expected third quarter earnings and fourth quarter guidance had lifted the market early on, but investors chose to take profits as the day progressed.

The benchmark S&P/TSX Composite Index settled with a loss of 371.86 points or 1.23% at 29,906.55, sliding from the day's high of 39,632.84.

Asian stocks closed lower on Friday as a brief Nvidia-led rally faded and mixed U.S. jobs data left markets uncertain whether the Federal Reserve will cut rates in December.

Chinese markets joined a global sell-off, with the benchmark Shanghai Composite index falling 2.45%. Hong Kong's Hang Seng index finished 2.38% lower, extending losses to a sixth straight session.

Japanese markets lost ground amid concerns over stretched valuations and AI investment profitability. Concerns about Japan's fiscal situation also weighed on markets after the cabinet approved a massive economic stimulus plan.

The major European markets are down in negative territory amid some weak regional economic data, and renewed concerns over AI-bubble, and uncertainty about Fed interest rate moves.

West Texas Intermediate Crude oil futures are down $0.49 or 0.8% at $58.51 a barrel.

Gold futures are up $3.00 or 0.07% at 4,063.00 an ounce, while Silver futures are down $1.141 or 2.27% at $49.160 an ounce.

TSX Climbs To New Record High; Materials Stocks Rally

The Canadian market climbed to a new record high on Thursday, as firm metal prices triggered strong buying in the materials sector, offsetting losses in technology stocks which reeled under pressure on valuation concerns.

RTTNews | 1h 53minuter sedan

U.S. Wholesale Inventories Climb Much More Than Expected In September

Wholesale inventories in the U.S. increased by much more than expected in the month of September, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories climbed by 0.5 percent in September after edging down by a revised 0.1 percent in August. Economists had expected wholesale inventories to inch up by 0.1 percent.

RTTNews | 3h 29minuter sedan

U.S. Trade Deficit Unexpectedly Narrows In September As Exports Surge

Reflecting a sharp increase in the value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit unexpectedly narrowed in the month of September. The Commerce Department said the trade deficit shrank to $52.8 billion in September from a revised $59.3 billion in August. Economists had expected the trade deficit to widen to $63.3 billion.

RTTNews | 3h 54minuter sedan

U.S. Jobless Claims Rebound More Than Expected To 236,000

First-time claims for U.S. unemployment benefits rebounded by more than expected in the week ended December 6th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 236,000, an increase of 44,000 from the previous week's revised level of 192,000. Economists had expected jobless claims to climb to 220,000.

RTTNews | 4h 16minuter sedan

U.S. Trade Deficit Unexpectedly Narrows In September

Reflecting a sharp increase in the value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit unexpectedly narrowed in the month of September.

RTTNews | 5h 27minuter sedan

U.S. Weekly Jobless Claims Rebound More Than Expected

First-time claims for U.S. unemployment benefits rebounded by more than expected in the week ended December 6th, according to a report released by the Labor Department on Thursday.

RTTNews | 5h 31minuter sedan

Bay Street May Open Slightly Higher

Canadian stocks are likely to open slightly higher Thursday morning, as materials stocks may move up on firm metal prices. Oracle's lower than expected quarterly revenue and lower than expected forecasts may weigh on technology stocks.

RTTNews | 6h 9minuter sedan

Turkey Slashes Interest Rate By 150 Bps

Turkey's central bank slashed its benchmark rate at a sharper-than-expected pace on Thursday as demand conditions continue to support the disinflation process. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, headed by Yasar Fatih Karahan, decided to cut the policy rate by 150 basis points to 38.00 percent. Markets anticipated only 100 basis point reduction.

RTTNews | 6h 32minuter sedan

EURUSD	1.17563	GBPUSD	1.34209	AUDUSD	0.6671
USDJPY	155.232	USDCAD	1.37715	USDCHF	0.79338