Canadian Shares Likely To Move In Tight Range

RTTNews | 717 gün önce

(RTTNews) - Canadian shares are likely to move in a tight range on Friday as traders may well prefer to stay on the sidelines due to a lack of triggers. Data on manufacturing activity in the U.S. will be in focus.

Data on Canadian retail sales for the month of September is due at 8:30 AM ET. Retail sales are expected to have stagnated in September, according to preliminary estimates. Considering August, retail sales fell by 0.1% from the previous month.

Hydro One Ltd (H.TO) announced on Thursday that it has completed C$46.9 million of transmission upgrades to power lines serving the city of Ottawa. The upgrades will boost the capacity of the lines to 1,080 megawatts from 650 megawatts, the company said and added that it has also replaced power lines and insulators on 12 kilometers of 230kV double circuit transmission line between Merivale Transmission Station and Hawthorne Transmission Station.

Bay Street ended flat for a second straight day as investors remained reluctant to make significant moves on Thursday.

The U.S. market remained shut yesterday for Thanksgiving Day holiday, and cues from Europe were not any significantly positive although most of the markets there managed to close higher.

The benchmark S&P/TSX Composite Index ended up 2.70 points or 0.01% at 20,116.66. The index, which advanced to 20,179.32 around mid morning, dropped to a low of 20,101.89 in the final hour.

Asian stocks turned in a mixed performance on Friday, with Chinese and Hong Kong markets underperforming after wealth manager Zhongzhi Enterprise Group told investors it is heavily insolvent with up to $64 billion in liabilities. Trading volumes were muted due to a holiday in the U.S. for Thanksgiving.

European stocks are up slightly around noon. The mood is cautious with bond yields edging higher on uncertainty about the rate outlook.

The euro strengthened and regional bond yields edged higher after Bundesbank President Joachim Nagel said the European Central Bank must resist any temptation to cut interest rates early.

Nagel also said he was "skeptical" about the risk of a 'hard landing' for the euro zone economy caused by the monetary policy squeeze.

Meanwhile, Bank of England's chief economist Huw Pill told the Financial Times that it was too early to declare victory in the battle against high inflation.

In commodities, West Texas Intermediate Crude oil futures are down $0.32 or 0.42% at $76.78 a barrel.

Gold futures are up $3.70 or 0.19% at $1,996.50 an ounce, while Silver futures are higher by $0.077 or 0.33% at $23.765 an ounce.

European Shares Seen Higher As US Senate Passes Bill To End Shutdown

European stocks are seen opening on a positive note Tuesday after the U.S. Senate passed the funding bill to end the longest-running government shutdown in history.

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Sensex, Nifty Modestly Lower In Cautious Trade

Indian shares were a tad lower on Tuesday despite firm cues from global markets and comments from U.S. President Donald Trump that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

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Australian Market Slips To Losses In Mid-market

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Asian Markets Trade Mixed

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RTTNews | 3s 45 dakika önce

Sensex, Nifty Seen Opening Higher On Trade Deal Hopes

Indian shares look set to open on a positive note Tuesday after U.S. President Donald Trump indicated he would reduce the tariff rate on Indian goods "at some point," and that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

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Thai Shares Expected To Open To The Upside On Tuesday

The Thai stock market has moved higher in two of three trading days since the end of the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,305-point plateau and it's called higher again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 4s 49 dakika önce

Rebound Tipped For Indonesia Stock Market

The Indonesia stock market on Monday snapped the three-day winning streak in which it had gained almost 160 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,390-point plateau although it's expected to see renewed support on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The JCI finished slightly lower on Monday as losses from the financials and telecoms were mitigated by support from the resource stocks and a mixed picture from the cement companies. For the day, the index eased 3.35 points or 0.04 percent to finish at the daily low of 8,391.24 after peaking at 8,478.15. Among the actives, Bank CIMB Niaga shed 0.57 percent, while Bank Mandiri fell 0.42 percent, Bank Danamon Indonesia collected 0.40 percent, Bank Negara Indonesia tumbled 1.78 percent, Bank Central Asia skidded 1.15 percent, Bank Rakyat Indonesia slumped 1.26 percent, Indosat Ooredoo Hutchison plunged 3.72 percent, Indocement improved 0.78 percent, Semen Indonesia plummeted 4.17 percent, Indofood Sukses Makmur slipped 0.35 percent, United Tractors rallied 1.36 percent, Energi Mega Persada surged 4.60 percent, Astra Agro Lestari dropped 0.96 percent, Aneka Tambang rose 0.34 percent, Vale Indonesia eased 0.22 percent, Timah soared 6.85 percent, Bumi Resources spiked 6.38 percent and Astra International was unchanged. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | 5s 19 dakika önce

Japanese Market Significantly Higher

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RTTNews | 5s 32 dakika önce

EURUSD	1.15631	GBPUSD	1.31711	AUDUSD	0.65238
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