Bay Street Likely To Open On Positive Note

RTTNews | 667天前

(RTTNews) - Canadian shares look set to open on a positive note on Tuesday, tracking European stocks and higher crude oil prices. Canada's GDP data, due before the opening bell, is expected to significantly impact the mood.

The Federal Reserve and the Bank of England are scheduled to announce their monetary policies on Wednesday and Thursday, respectively. Another key event awaited this week is the release of U.S. non-farm payroll data on Friday.

Final data on Canada's GDP for the month of August is due at 8:30 AM ET. Preliminary reading for the nation's GDP for the month of September will also be out at that time.

The Canadian economy is expected to have grown by 0.1% in August.

Cameco Corporation (CCO.TO) reported third-quarter net earnings of $148 million, as against net loss of $20 million in the year-ago quarter. The company posted adjusted net earnings of $137 million in the third-quarter this year, compared to $10 million a year ago.

Toromont Industries (TIH.TO) reported third quarter net earnings of $145.6 million, compared to $123.1 million in the year-ago quarter.

After eight successive days of losses, the Canadian market turned in a positive performance on Monday, thanks to some strong buying in several sectors amid positive global cues.

The benchmark S&P/TSX Composite Index, which climbed to 18,966.82 in early trades, gaining nearly 230 points in the process, ended the day's session with a gain of 119.37 points or 0.64% at 18,856.76.

Asian stocks ended on a mixed note on Tuesday as China data disappointed and investors awaited cues from the upcoming Federal Reserve meeting.

The Japanese yen languished near a one-year low against the dollar after the Bank of Japan allowed more flexibility in the conduct of yield curve control.

European stocks are up firmly in positive territory with investors reacting to data showing a less than expected contraction in eurozone inflation, and looking ahead to policy announcements from the Federal Reserve and the Bank of England, due this week.

In commodities, West Texas Intermediate Crude oil futures are up $0.62 or 0.75% at $82.93 a barrel.

Gold futures are up $2.70 or 0.14% at $2,008.30 an ounce, while Silver futures are down $0.016 or 0.06% at $23.380 an ounce.

Sensex, Nifty Struggle For Direction In Early Trade

Indian shares were little changed on Friday, giving up early gains amid mounting concerns about the impact of U.S. tariffs on Indian goods.

RTTNews | 36分钟前

Australian Market Swings To Modest Gains In Mid-market

The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with gains in energy and technology stocks partially offset by weakness in mining and financial stocks.

RTTNews | 1小时32分钟前

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.

RTTNews | 2小时1分钟前

Sensex, Nifty Seen Tad Higher At Open As IIP Growth Recovers

Indian shares may open on a positive note on Friday after official data showed India's industrial output production expanded at the fastest pace in four months in July.

RTTNews | 2小时35分钟前

Thai Stock Market Tipped To Open In The Green

The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.

RTTNews | 3小时7分钟前

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.

RTTNews | 3小时25分钟前

Additional Support Predicted For Indonesia Shares

The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.

RTTNews | 3小时37分钟前

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.

RTTNews | 3小时46分钟前

EURUSD	1.16626	GBPUSD	1.34997	AUDUSD	0.6539
USDJPY	146.959	USDCAD	1.37529	USDCHF	0.80264