Bay Street Likely To Open Higher

RTTNews | 211 gün önce

(RTTNews) - Canadian shares look headed for a positive start Thursday morning with firm bullion prices triggering some buying in the materials sector. Investors will also be reacting positively to encouraging updates from a few big name U.S. tech companies.

A report from the Canadian Federation of Independent Business said the CFIB business barometer long-term index in Canada, which tracks 12-month business outlooks, fell to 54.6 in January 2025, from a score of 56.4 recorded in December 2024.

Data on average weekly earnings of non-farm payroll employees in Canada for the month of November is due at 8:30 AM ET.

Real Matters Inc (REAL.TO) reported a net income of $2.3 million for the first quarter of fiscal 2025, up from net loss of $3.6 million in the year-ago quarter.

The Canadian market closed higher on Wednesday, lifted by gains in energy, materials and consumer staples sectors. The mood remained largely cautious with investors digesting the Bank of Canada and the Federal Reserve's interest rate decisions.

The Bank of Canada lowered interest rates by a quarter point, as widely expected. With this the overnight rate has dropped to 3%, the bank rate to 3.25% and the deposit rate to 2.95%. The central bank had cut rates by 50 basis points at each of its two previous meetings.

The benchmark S&P/TSX Composite Index settled higher by 53.85 points or 0.21% at 25,473.30.

Asian stocks closed mostly higher in thin holiday trading on Thursday ,as investors digested broadly positive tech earnings from the U.S. and awaited clarity on U.S. President Trump's tariff policies, especially on Canada, Mexico and China.

The major European markets are up in positive territory with investors digesting a slew of earnings news and economic data, and reacting to the European Central Bank's announcement of a 25-basis point interest rate cut.

In commodities, crude oil futures are down $0.14 or 0.19% at $72.48 a barrel.

Gold futures are gaining $29.80 or 1.07% at $2,823.20 an ounce, while Silver futures are up $0.777 or about 2.5% at $32.170 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.

RTTNews | 1s 18 dakika önce

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.

RTTNews | 3s 32 dakika önce

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.

RTTNews | 4s 8 dakika önce

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.

RTTNews | 4s 36 dakika önce

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.

RTTNews | 7s 21 dakika önce

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.

RTTNews | 7s 40 dakika önce

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.

RTTNews | 8s 23 dakika önce

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

RTTNews | 8s 53 dakika önce

EURUSD	1.1684	GBPUSD	1.34987	AUDUSD	0.6538
USDJPY	147.04	USDCAD	1.3741	USDCHF	0.80047