Bay Street Likely To Open On Mixed Note

RTTNews | 299天前

(RTTNews) - Canadian shares are likely to see a mixed start Friday morning, tracking commodity prices, and subdued European stocks. Waning hopes of aggressive interest rate cuts by the Federal Reserve may weigh on sentiment.

Gold hovered near $2,560 per ounce in Asian trading, as the dollar consolidated weekly gains ahead of the release of U.S. retail sales data due later in the day. Oil prices were set for a weekly loss on concerns over slowing demand in China, the world's biggest crude importer.

Data on manufacturing sales, wholesale sales, and new motor vehicles sales, all for the month of September, are due at 8:30 AM ET.

Atkins Realis (ATRL.TO) announced that its joint venture Candu Energy has received a contract from EnergoNuclear to build two new CANDU reactors at the Cernavoda Nuclear Generating Station in Romania.

Birchcliff Energy Ltd. (BIR.TO) reported a net loss of $1.51 million for the quarter ended September 30, 2024, as against a net income of $2.21 million in the year-ago quarter.

The Canadian market settled higher on Thursday with the benchmark S&P/TSX Composite Index moving on to a new record high, riding on strong gains in the energy sector. In addition to reacting to a slew of earnings updates, investors also digested a mixed batch of economic data from the U.S.

Profit taking in technology stocks and fading hopes of aggressive interest rate cuts by the Federal Reserve limited market's upside.

The benchmark S&P/TSX Composite Index, which climbed to a new all-time high of 25,137.70, settled with a gain of 60.65 points or 0.24% at 25,049.67, closing past the 25,000 mark for the first time.

Asian stocks ended mixed on Friday, as Federal Reserve Chair Jerome Powell's remarks poured cold water on rate cut optimism and mixed economic data highlighted China's uneven economic recovery.

China's Shanghai Composite Index ended sharply lower on concerns around slowing economic growth.

European stocks are turning in a mixed performance following Fed Chair Powell signaling a cautious approach on rate cuts, and data from China stoking conerns about slowing demand in the world's second largest economy.

In commodities, West Texas Intermediate Crude oil futures are down $0.19 or 0.28% at $68.47 a barrel.

Gold futures are up $2.30 at $2,575.20, while Silver futures are gaining $0.156 at $30.725 an ounce.

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.

RTTNews | 45分钟前

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.

RTTNews | 1小时6分钟前

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.

RTTNews | 2小时26分钟前

Bay Street Seen Opening Higher

Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.

RTTNews | 2小时35分钟前

Major European Markets In Positive Territory In Cautious Trade

The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.

RTTNews | 3小时8分钟前

Sensex, Nifty Close On Firm Note Again

Indian stocks closed on a positive note on Wednesday, extending previous session's gains, amid expectations of further reduction in GST rates, and hopes of a larger than expected interest rate cut by the Federal Reserve.

RTTNews | 3小时58分钟前

FTSE 100 Remains Steady ; ABF Tanks On Sales Warning

The U.K. market is modestly higher in late morning trades on Wednesday, with select frontline stocks finding good support. Movements are a bit lackluster with investors awaiting U.S. inflation data due later in the week.

RTTNews | 4小时24分钟前

CAC 40 Modestly Higher On Fed Rate Cut Hopes, Easing Political Concerns

After opening modestly higher and moving up further, France's CAC 40 gave up some gains subsequently Wednesday morning, but remains in positive territory. The undertone is fairly steady following the appointment of Sébastien Lecornu as France's new Prime Minister.

RTTNews | 4小时47分钟前

EURUSD	1.17278	GBPUSD	1.35535	AUDUSD	0.66291
USDJPY	147.389	USDCAD	1.38443	USDCHF	0.79687