Bay Street Likely To Open Higher

RTTNews | 985天前

(RTTNews) - Canadian shares are likely to open higher on Thursday as firm metal prices and rising optimism about the Federal Reserve slowing its pace of interest rate hikes are expected to lift sentiment.

Trading volumes may be thin as Wall Street is closed for Thanksgiving Day.

A report from the Canadian Federation of Independent Business showed small business sentiment in Canada dropped to a score of 50 in November from 51.4 a month earlier.

Data on average weekly earnings in Canada for the month of September is due at 8:30 AM ET. Average weekly earnings of non-farm payroll employees in Canada rose by 3.2% year-on-year to C$ 1,170.14 in August of 2022, rising for the 15th consecutive month.

The Canadian market ended modestly higher on Wednesday after moving in a tight range amid thin volumes.

After struggling for direction till about a couple of hours past noon, the market saw some buying as investors reacted positively to the minutes of the Federal Reserve's latest monetary policy meeting.

Technology stocks moved higher, contributing significantly to the Canadian market's positive close. A few stocks from utilities, materials and financials sectors posted strong gains, while energy stocks drifted lower on weak crude oil prices.

The benchmark S&P/TSX Composite Index ended with a gain of 62.25 points or 0.31% at 20,282.26, after scaling a low of 20,185.08 and a high of 20,303.63 intraday.

Asian stocks ended broadly higher on Thursday as optimism over a less hawkish Fed outweighed concerns that a surge in COVID cases in China would weigh on growth.

European stocks are higher with relatively dovish signals from the Federal Reserve prompting investors to look past concerns over China, where the daily Covid cases continue to climb.

In commodities trading, West Texas Intermediate Crude oil futures for December are down $2.27 or 2.82% at $77.77 a barrel.

Gold futures are gaining $12.40 or 0.71% at $1,758.00 an ounce, while Silver futures are up $0.293 or 1.37% at $21.660 an ounce.

Swiss Market Ends Modestly Higher

The Switzerland market closed modestly higher on Tuesday after staying positive right through the day's trading session, with investors mostly reacting to the latest quarterly performance of big name companies.

RTTNews | 18分钟前

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday, although gains in most of the markets were just marginal or modest, as investors stayed somewhat cautious, reacting to a mixed batch of economic data, and assessing the impact of steep U.S. tariffs on the global economy.

RTTNews | 38分钟前

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.

RTTNews | 3小时15分钟前

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.

RTTNews | 4小时1分钟前

U.S. Trade Deficit Narrows Slightly More Than Expected In June

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday.

RTTNews | 5小时6分钟前

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.

RTTNews | 5小时9分钟前

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.

RTTNews | 5小时20分钟前

FTSE 100 Advances On Upbeat Earnings

The UK market is modestly higher on Tuesday, extending gains from previous session, thanks to some upbeat corporate earnings announcements, and expectations that the Federal Reserve will cut interest rate in the near future to spur economic growth.

RTTNews | 5小时49分钟前

EURUSD	1.15809	GBPUSD	1.33084	AUDUSD	0.64768
USDJPY	147.589	USDCAD	1.37744	USDCHF	0.80738

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Bay Street Likely To Open Higher