Bay Street Likely To Open On Positive Note

RTTNews | 714 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.

read more
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 | 10 นาทีที่ผ่านมา
Hong Kong Shares Expected To Open In The Green

Hong Kong Shares Expected To Open In The Green

The Hong Kong stock market on Monday snapped the two-day slide in which it had dropped more than 660 points or 2.6 percent. The Hang Seng Index now rests just beneath the 25,860-point plateau and it may see additional support on Tuesday.
RTTNews | 19 นาทีที่ผ่านมา
China Bourse May Reclaim 3,900-Point Level

China Bourse May Reclaim 3,900-Point Level

The China stock market moved back to the upside again on Monday, one session after ending the two-day winning streak in which it had climbed more than 50 points or 1.2 percent. The Shanghai Composite Index now sits above the 3,860-point plateau and it's expected to open to the upside again on Tuesday.
RTTNews | 34 นาทีที่ผ่านมา
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is trading notably higher on Tuesday, 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 | 43 นาทีที่ผ่านมา
Tech Surge May Boost Taiwan Stock Market

Tech Surge May Boost Taiwan Stock Market

The Taiwan stock market rebounded on Monday, one session after halting the two-day winning streak in which it had jumped more than 850 points or 2.9 percent. The Taiwan Stock Exchange now sits just beneath the 27,700-point plateau and it may extend its gains on Tuesday.
RTTNews | 1 ชม. 4 นาทีที่ผ่านมา
Singapore Shares May Find Traction On Tuesday.

Singapore Shares May Find Traction On Tuesday.

Ahead of Monday's holiday for Diwali, the Singapore stock market had moved lower in two straight sessions, slipping almost 40 points or 0.9 percent along the way. The Straits Times Index now rests just beneath the 4,330-point plateau although it may stop the bleeding on Tuesday.
RTTNews | 1 ชม. 34 นาทีที่ผ่านมา
Rebound Anticipated For Malaysia Stock Market

Rebound Anticipated For Malaysia Stock Market

Ahead of Monday's holiday for Diwali, the Malaysia stock market had ended the two-day winning streak in which it had picked up less than a point. The Kuala Lumpur Composite Index now sits just beneath the 1,610-point plateau although it's expected to bounce higher again on Tuesday.
RTTNews | 2 ชม. 4 นาทีที่ผ่านมา
Japan Bourse May Extend Monday's Gains

Japan Bourse May Extend Monday's Gains

The Japanese stock market bounced sharply higher again on Monday, one session after halting the two-day winning streak in which it had rallied more than 1,425 points or 2.8 percent. The Nikkei 225 now sits just above the 49,180-point plateau and it may add to its winnings on Tuesday.
RTTNews | 2 ชม. 19 นาทีที่ผ่านมา