Bay Street Likely To Open On Mixed Note

RTTNews | 585天前
Bay Street Likely To Open On Mixed Note

(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.

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Singapore Bourse May Reclaim 3,900-Point Level

Singapore Bourse May Reclaim 3,900-Point Level

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RTTNews | 38分钟前
Little Movement Seen For Malaysia Stock Market

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RTTNews | 1小时8分钟前
Japan Stock Market Poised To End Losing Streak

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Rebound Anticipated For South Korea Stock Market

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RTTNews | 1小时38分钟前
Malaysia Inflation Data Due On Tuesday

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RTTNews | 2小时38分钟前
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RTTNews | 4小时24分钟前
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The Swiss stock market spent all of Monday bouncing back and forth across the unchanged line, but a late swoon saw the SMI extend its losing streak to seven sessions - costing it more than 465 points or 4 percent in that span.
RTTNews | 7小时24分钟前
European Stock Market Sink On Monday

European Stock Market Sink On Monday

European stocks finished modestly lower on Monday as investors waited for Iran's response to the weekend U.S. air strikes on its nuclear sites.
RTTNews | 7小时38分钟前