Bay Street Seen Opening On Firm Note

RTTNews | 621 ngày trước
Bay Street Seen Opening On Firm Note

(RTTNews) - Canadian shares look set to end on a positive note Friday morning, tracking firm European markets and higher commodity prices. A drop in bond yields is also expected to aid sentiment.

Data on Canadian producer prices and raw materials prices for the month of October are due at 8:30 AM ET.

Industrial producer prices in Canada rose by 0.4% over a month in September 2023, easing from an upwardly revised 1.9% hike in August. Yearly, producer prices soared by 0.6% in September, from an upwardly revised flat reading in the previous month

The Raw Materials Price Index in Canada rose by 3.5% month-over-month in September 2023, accelerating from a 3% increase in August. Year-on-year, raw materials prices advanced by 2.4% in September, marking the first increase since January 2023.

In company news, Canopy Growth Corporation (WEED.TO) has announced that the Ontario Superior Court of Justice has approved two transactions to sell all or substantially all of the assets of BioSteel Canada and BioSteel Manufacturing, LLC. Canopy Growth expects the proceeds will improve the company's balance sheet.

Real Matters Inc. (REAL.TO) reported fourth-quarter net income of US$1.6 million, or US$0.02 per diluted share, as compared with a loss of US$10 million, or US$0.14 per diluted share, a year earlier.

The Canadian market ended flat on Thursday after moving in a tight band in cautious trade amid lingering concerns about global economic slowdown.

The benchmark S&P/TSX Composite Index ended down 4.82 points or 0.02% at 20,053.07, after five successive days of gains.

Asian stocks ended lower on Friday as softer U.S. data and declining oil prices stoked concerns about the global economic outlook.

European markets are up firmly in positive territory today with investors picking up stocks amid expectations that the Federal Reserve may announce two rate cuts next year to support growth.

In commodities, West Texas Intermediate Crude oil futures are up $1.00 or 1.37% at $73.90 a barrel.

Gold futures are gaining $4.30 or 0.23% at $1,991.60 an ounce, while Silver futures are up $0.182 or 0.76% at $24.115 an ounce.

read more
Lower Open Called For Indonesia Stock Market

Lower Open Called For Indonesia Stock Market

The Indonesia stock market on Wednesday halted the five-day winning streak in which it had jumped more than 260 points or 2.8 percent. The Jakarta Composite Index now sits just beneath the 7,550-point plateau and it may tick lower again on Thursday.
RTTNews | 14 phút trước
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian market is trading modestly lower on Thursday, reversing some of the gains in the previous three sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,750 level, with weakness cross most sectors led by mining and energy stocks.
RTTNews | 20 phút trước
Hong Kong Stock Market May Halt Its Slide

Hong Kong Stock Market May Halt Its Slide

The Hong Kong stock market has moved lower in two straight sessions, sinking almost 390 points or 1.4 percent in that span. The Hang Seng Index now sits just above the 25,175-point plateau although it may stop the bleeding on Thursday.
RTTNews | 29 phút trước
Rally May Stall For China Stock Market

Rally May Stall For China Stock Market

The China stock market has moved higher in three straight sessions, gathering more than 20 points or 0.6 percent along the way. The Shanghai Composite Index now sits just above the 3,615-point plateau although it may spin its wheels on Thursday.
RTTNews | 44 phút trước
Mild Upside Seen For Taiwan Stock Market

Mild Upside Seen For Taiwan Stock Market

The Taiwan stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had gained almost 400 points or 1.8 percent. The Taiwan Stock Exchange now sits just above the 23,460-point plateau and it's looking at a steady start on Thursday.
RTTNews | 1h 14phút trước
Japan Retail Sales Jump 2.0% In June

Japan Retail Sales Jump 2.0% In June

The value of retail sales in Japan was up 2.0 percent on year in June, the Ministry of Economy, Trade and Industry said on Thursday - coming in at 12.966 trillion yen.
RTTNews | 1h 39phút trước
Singapore Bourse May Halt Its Slide

Singapore Bourse May Halt Its Slide

The Singapore stock market has tracked lower in four straight sessions, sliding more than 50 points or 1.3 percent along the way. The Straits Times Index now rests just beneath the 4,220-point plateau although it may stop the bleeding on Thursday.
RTTNews | 1h 44phút trước
Japan Industrial Output Climbs 1.7% In June

Japan Industrial Output Climbs 1.7% In June

Industrial production in Japan was up a seasonally adjusted 1.7 percent on month in June, the Ministry of Economy, Trade and Industry said on Thursday.
RTTNews | 1h 46phút trước