Bay Street Likely To Open On Negative Note

RTTNews | 1124 gün önce

(RTTNews) - Lower U.S. and Canadian futures and weak commodity prices indicate a negative start for the Canadian market Monday morning.

Concerns about geopolitical tensions as Russia and Ukraine trade blame over the weekend's shelling near the Zaporizhzhia nuclear power plant are expected to weigh as well. The head of the U.N. nuclear watchdog has warned that whoever fired artillery at the plant was "playing with fire".

Investors are also likely to continue assessing the possible move by the Federal Reserve at its December meeting. A few Fed officials commented recently that interest rates need to be raised further in order to tame inflation.

In company news, AltaGas Ltd. (ALA.TO) announced Monday that Randy Crawford, President and Chief Executive Officer, will retire in the first half of 2023 after four years in the role. Crawford will remain in his role until a successor is named.

The Canadian market ended higher on Friday after staying positive right through the day's session, thanks largely to sustained buying at several counters in communications, consumer discretionary and industrials sectors.

The benchmark S&P/TSX Composite Index ended higher by 96.33 points or 0.48% at 19,980.91. The index shed about 0.6% in the week.

Asian stocks ended lower on Monday, as China battled a record number of COVID-19 cases and Russian officials in control of Europe's largest nuclear site accused Kyiv of shelling the area.

European markets are weak, weighed down by losses in commodity-related stocks after China reported the first virus-related deaths recorded since May this year.

Risk sentiment was also hit by fears of a potential escalation in the Russia-Ukraine conflict following recent shelling around the Zaporizhzhia nuclear power plant.

The International Atomic Energy Agency has called for "urgent measures to help prevent a nuclear accident" in the Russian-occupied facility, of which it said parts were damaged but showed no signs of a radiation leak.

In commodities trading, West Texas Intermediate Crude oil futures for December are down $0.49 or 0.61% at $79.59 a barrel.

Gold futures are down $13.10 or 0.75% at $1,741.30 an ounce, while Silver futures are lower by $0.347 or 1.65% at $20.650 an ounce.

U.S. Consumer Sentiment Rebounds Less Than Previously Estimated In December

Consumer sentiment in the U.S. rebounded by less than previously estimates in the month of December, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for December was downwardly revised to 52.9 from a preliminary reading of 53.3. Economists had expected the index to be upwardly revised to 53.4.

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RTTNews | 4s 4 dakika önce

Bay Street May Open Slightly Higher

The Canadian market, which snapped a four-day losing streak on Thursday, looks headed for a positive start Friday morning. Canadian retail sales data, and U.S. PCE reading are likely to make an impact.

RTTNews | 4s 44 dakika önce

FTSE 100 Flat In Cautious Trade

UK's FTSE 100 was flat a little past noon on Friday with investors largely refraining from making big moves. A report showing an improvement in consumer sentiment supported the market, while data showing an unexpected drop in retail sales appeared to render the mood cautious.

RTTNews | 5s 24 dakika önce

CAC 40 Roughly Flat In Lackluster Trading

France's CAC 40 was roughly flat a little past noon on Friday in somewhat lackluster trading as investors, digesting the recent policy announcements from the Bank of England and the European Central Bank, awaited the crucial PCE readings from the U.S., after yesterday's data showed an unexpected drop in consumer prices in the month of November in the world's largest economy.

RTTNews | 5s 56 dakika önce

Bank Of Japan Lifts Policy Rate; Hints At More Hikes

The Bank of Japan raised its benchmark rate by a quarter-point to the highest level in three decades as inflation continued to remain above the target and hinted at further hikes. The policy board, headed by Ueda Kazuo decided, by a unanimous vote, to hike the uncollateralized overnight call rate to "around 0.75 percent" from "around 0.5 percent."

RTTNews | 6s 14 dakika önce

DAX Down Marginally As Stocks Turn In Mixed Performance

German stocks turned in a mixed performance Friday morning with investors assessing the monetary policy moves by the European Central Bank and the Bank of England, and data showing an unexpected drop in U.S. price growth.

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EURUSD	1.17169	GBPUSD	1.33721	AUDUSD	0.66131
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