Bay Street Seen Opening On Mixed Note

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(RTTNews) - Canadian shares likely to open on a mixed note on Thursday, as investors are likely to make cautious moves, tracking a mixed trend in commodities markets, and on concerns about further policy tightening by several central banks.

Corus Entertainment Inc. (CJR.B.TO) today reported third-quarter net loss of $495.1 million or $2.48 per share. The company's year-to-date net loss is $479.1 million or $2.40 per share.

On the economic front, a report from the Canadian Federation of Independent Business showed small business sentiment in Canada decreased to 54.10 points in June from 56.40 points in May.

A report on average weekly earnings for April is due out at 8:30 AM ET.

The Canadian market ended on a positive note on Wednesday, gaining for a third straight session, led by gains in technology and consumer staples sectors.

Data on Canadian inflation, released on Tuesday, continued to aid sentiment. The benchmark S&P/TSX Composite Index ended with a gain of 85.76 points or 0.43% at 19,818.85, the session's high.

Asian stocks ended mixed in thin trade on Thursday, with markets in India, Singapore, Indonesia and Malaysia closed for holidays.

Amid continued concerns of a global economic slowdown, investors awaited Chinese PMI data due on Friday for direction.

European stocks are broadly higher after a subdued start. Hawkish comments from global central banks chiefs and uncertainty over slowing economic rebound in China weighed early on in the session.

In commodities, West Texas Intermediate Crude oil futures are up $0.35 or 0.52% at $69.91 a barrel.

Gold futures are down $4.20 or 0.21% at $1,918.00 an ounce, while Silver futures are lower by $0.024 or 0.1% at $22.865 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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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