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Bay Street Seen Opening On Mixed Note

RTTNews | 867 dagar sedan

Bay Street Seen Opening On Mixed Note

(RTTNews) - Canadian shares are likely to open on a mixed note on Wednesday with the focus on the Federal Reserve's monetary policy announcement later in the day.

On the Canadian economic front, Canada new housing price index reading for the month of February is due at 8:30 AM ET.

New home prices in Canada went down 0.2% month-over-month in January 2023, after being flat in the previous month.

Boyd Group Services Inc (BYD.TO) today announced a cash dividend of $0.147 per common share for the first quarter of 2023. The company has fixed April 26 as the record date for payment of the dividend.

The Canadian market ended on a strong note on Tuesday, led by gains in healthcare, energy, technology and financials shares.

The undertone was quite positive right through the day's session amid easing concerns about banking turmoil thanks to the coordinated steps taken by governments and the central banks to rescue troubled U.S. and European banks.

Investors looked ahead to the Federal Reserve's monetary policy. The Fed is widely expected to raise interest rate by 25 basis points.

The benchmark S&P/TSX Composite Index ended with a gain of 135.49 points or 0.69% at 19,654.92 after scaling a high of 19,734.68.

Asian markets gained on Wednesday amidst a global bullish sentiment that followed renewed assurances from the U.S. govt on support amidst the banking crisis. Markets in the meanwhile are expecting the Fed to settle for a 25-basis points rate hike later in the day.

European stocks are broadly higher around noon on Wednesday, with investors largely making cautious moves as they await the Federal Reserve's policy announcement due later in the day.

Worries about banking turmoil have eased a bit following coordinated steps taken by governments and central banks, and the focus now is on Fed's rate decision and the accompanying statement for clues about future rate hikes.

In commodities trading, West Texas Intermediate Crude oil futures are down $0.36 or 0.52% at $69.31 a barrel.

Gold futures are up $5.10 or 0.26% at $1,946.20 an ounce, while Silver futures are up $0.100 or 0.45% at $22.525 an ounce.

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U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.

RTTNews | 19 minuter sedan

U.S. Trade Deficit Narrows Slightly More Than Expected In June

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RTTNews | 1h 23minuter sedan

Eurozone Private Sector Continues To Expand

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Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.

RTTNews | 1h 26minuter sedan

Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.

RTTNews | 1h 37minuter sedan

FTSE 100 Advances On Upbeat Earnings

FTSE 100 Advances On Upbeat Earnings

The UK market is modestly higher on Tuesday, extending gains from previous session, thanks to some upbeat corporate earnings announcements, and expectations that the Federal Reserve will cut interest rate in the near future to spur economic growth.

RTTNews | 2h 6minuter sedan

Pound Rises As Traders Await BoE Monetary Policy Meeting

Pound Rises As Traders Await BoE Monetary Policy Meeting

The British pound strengthened against other major currencies in the European session on Tuesday, as traders shift their focus to the Bank of England's (BoE) monetary policy announcement on Thursday.

RTTNews | 2h 17minuter sedan

CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French stock market is modestly higher Tuesday afternoon with investors mostly reacting to earnings updates and a mixed batch of regional economic data. Expectations of a rate cut by the Federal Reserve sometime soon aid sentiment a bit.

RTTNews | 2h 37minuter sedan

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Tuesday.

RTTNews | 3h 10minuter sedan

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