Bay Street Likely To Open On Positive Note

RTTNews | 715 วันที่ผ่านมา
Bay Street Likely To Open On Positive Note

(RTTNews) - The Canadian market may open with a positive bias Monday morning with energy stocks finding support on higher crude oil prices after Russia and Saudi Arabia confirmed they will extend their production and export cuts until the end of the year.

Last week's data showing a smaller than expected increase in U.S. employment in the month of October, and an uptick in unemployment rate has eased concerns about the outlook for interest rates.

Investors are likely to closely monitor the developments on the geopolitical front, and look ahead to the a speech by Fed Chair Jerome Powell later this week.

On the economic front today, a report from Ivey Business School on Canadian economic activity for the month of October is due at 11:00 AM ET.

The Ivey Purchasing Managers Index in Canada eased to 53.1 in September, from August's 53.5, indicating a second consecutive month of modest expansion in economic activity, although at a softer rate.

Canadian stocks closed higher on Friday, with the benchmark S&P/TSX Composite Index closing higher for the fifth consecutive session.

The S&P/TSX Composite Index surged 198.51 points or 1% to 19,824.85, climbing further off last Friday's one-year low to reach its best closing level in well over a month. The index soared by 5.8% for the week.

Asian stocks rose for a fourth straight session on Monday and the dollar hovered near six-week lows as weak U.S. jobs and service sector activity data released on Friday helped ease worries about further rate hikes by the Federal Reserve.

European stocks are drifting lower amid concerns about economic slowdown after official data showed the downturn in eurozone business activity accelerated last month. HCOB's PMI, compiled by S&P Global, fell to 46.5 in October from September's 47.2, its lowest reading since November 2020.

In commodities, West Texas Intermediate Crude oil futures are up $1.43 or about 1.8% at $81.94 a barrel.

Gold futures are down $4.90 or 0.25% at $1,994.30 an ounce, while Silver futures are up $0.030 or 0.13% at $23.315 an ounce.

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European Shares Seen Tad Higher At Open

European Shares Seen Tad Higher At Open

European stocks are seen opening a tad higher on Tuesday, with U.S.-China tensions and the latest batch of quarterly earnings results likely to be in focus.
RTTNews | 47 นาทีที่ผ่านมา
European Economic News Preview: UK Public Sector Finance Data Due

European Economic News Preview: UK Public Sector Finance Data Due

Public sector finances data from the UK is the only major report due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK public sector finance data. The budget deficit is forecast to widen to GBP 20.7 billion in September from GBP 18 billion in August.
RTTNews | 1 ชม. 0 นาทีที่ผ่านมา
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market trading on Tuesday, also adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 9,050 level, with gains across most sector led by mining and technology stocks.
RTTNews | 2 ชม. 59 นาทีที่ผ่านมา
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, on widespread expectations of further interest rate cuts by the US Fed amid recent signs of sluggishness in the labor market despite the ongoing shutdown leading to the indefinite delay of the release of key economic data. Asian markets closed mostly higher on Monday.
RTTNews | 3 ชม. 21 นาทีที่ผ่านมา
Indian Markets Closed For Diwali

Indian Markets Closed For Diwali

Indian stock markets remain closed today for Diwali but there will be a special trading session from 1:45 p.m. to 2:45 p.m. IST to mark the festival. Generally, the Muhurat trading session is held in the evening every year.
RTTNews | 3 ชม. 57 นาทีที่ผ่านมา
Thai Shares Tipped To Open To The Upside

Thai Shares Tipped To Open To The Upside

The Thai stock market moved back to the upside again on Monday, one session after ending the two-day winning streak in which it had jumped more than 25 points or 2 percent. The Stock Exchange of Thailand now sits just under the 1,285-point plateau and it's expected to open higher again on Tuesday.
RTTNews | 4 ชม. 27 นาทีที่ผ่านมา
Higher Open Called For Indonesia Stock Market

Higher Open Called For Indonesia Stock Market

The Indonesia stock market bounced higher again on Monday, one session after ending the three-day losing streak in which it had dropped more than 200 points or 2.6 percent. The Jakarta Composite Index now rests just beneath the 8,090-point plateau and it's got a solid lead again for Tuesday's trade.
RTTNews | 4 ชม. 57 นาทีที่ผ่านมา
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the strong gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 49,700 level to all-time highs, with gains in index heavyweights, exporters and financial stocks.
RTTNews | 5 ชม. 3 นาทีที่ผ่านมา