Bay Street Likely To Open On Mixed Note

RTTNews | 585天前

(RTTNews) - Canadian shares are likely to see a mixed start on Thursday, tracking European stocks and commodity markets, in addition to reacting to the latest batch of economic data and earnings updates from major U.S. retailers.

Meanwhile, in geopolitial news, a much-anticipated meeting between Presidents Joe Biden and Xi Jinping ended with both countries agreeing to resume military-to-military communications and cooperate on anti-drug policies.

In Canadian economic news, housing starts in Canada edged up by 1% over a month earlier to 274,700 units in October 2023, above market expectations of 252,900 units, according to the Canada Mortgage and Housing Corporation.

Canadian stocks finished Wednesday's trading day modestly higher, adding to the substantial gains posted during the previous session. The uptick on Bay Street came as the latest U.S. inflation data added to optimism about the outlook for interest rates.

The benchmark S&P/TSX Composite Index gave back ground after an early advance but still closed up 34.16 points or 0.2% at 20,057.89, its best closing level in almost two months.

Asian stocks ended lower on Thursday as Japan's export growth slowed in October and China's new home prices fell for the fourth straight month, rekindling worries about slowing global growth.

European stocks are lower with investors reacting to some disappointing earnings updates from top U.S. companies, and weak economic data from Asia.

In commodities, West Texas Intermediate Crude oil futures are down $0.47 or 0.61% at $76.19 a barrel.

Gold futures are up $3.30 or 0.17% at $1,967.60 an ounce, while Silver futures are gaining $0.137 or 0.58% at $23.675 an ounce.

Singapore Bourse May Reclaim 3,900-Point Level

The Singapore stock market has moved lower in four straight sessions, slumping more than50 points or 1.4 percent along the way. The Straits Times Index now sits just beneath the 3,880-point plateau although it's due for support on Tuesday. The global forecast for the Asian markets in positive on an improved outlook for interest rates. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 38分钟前

Little Movement Seen For Malaysia Stock Market

The Malaysia stock market has alternated between positive and negative finishes through the last seven trading days since the end of the two-day winning streak in which it had gathered almost 10 points or 0.6 percent. The Kuala Lumpur Composite Index now sits just above the 1,515-point plateau and it's expected to remain rangebound again on Tuesday. The global forecast for the Asian markets in positive on an improved outlook for interest rates. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 1小时8分钟前

Japan Stock Market Poised To End Losing Streak

The Japan stock market has finished lower in three straight sessions, stumbling more than 530 points or 1.4 percent along the way. The Nikkei 225 now rests just above the 38,350-point plateau although it may stop the bleeding on Tuesday. The global forecast for the Asian markets in positive on an improved outlook for interest rates. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead. The Nikkei finished modestly lower on Monday following losses from the financial shares, technology stocks and automobile producers. For the day, the index dipped 49.14 points or 0.13 percent to finish at 38,354.09 after trading between 38,026.32 and 38,368.22. Among the actives, Nissan Motor shed 0.46 percent, while Mazda Motor stumbled 2.01 percent, Toyota Motor fell 0.36 percent, Honda Motor retreated 1.23 percent, Mitsubishi UFJ Financial dropped 0.92 percent, Mizuho Financial lost 0.58 percent, Sumitomo Mitsui Financial eased 0.06 percent, Sony Group tanked 2.13 percent, Panasonic Holdings sank 0.67 percent, Hitachi declined 1.63 percent and Softbank Group was unchanged.

RTTNews | 1小时23分钟前

Rebound Anticipated For South Korea Stock Market

The South Korea stock market on Monday snapped the five-day winning streak in which it had rallied almost 130 points or 4.3 percent to a three-year high. The KOSPI now rests just above the 3,010-point plateau although it's likely to bounce higher again on Tuesday. The global forecast for the Asian markets in positive on an improved outlook for interest rates. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 1小时38分钟前