Bay Street Seen Opening Higher

RTTNews | 18小时37分钟前
Bay Street Seen Opening Higher

(RTTNews) - 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.

The Canadian market closed marginally up on Tuesday, lifted by gains in energy and materials sectors. Optimism about interest rate cuts by the Bank of Canada and the Federal Reserve next week, helped keep investor sentiment positive.

The benchmark S&P/TSX Composite Index ended the day's session with a gain of 35.28 points or 0.12% at 29,063.01.

Asian stocks closed higher on Wednesday, tracking the overnight advance to record highs on Wall Street. A larger-than-expected decline in consumer prices in China reignited hopes of fresh governmental support.

Expectations that the new political establishment in Japan would support a less hawkish monetary policy also boosted sentiment amidst the political uncertainty.

The major European markets are slightly higher amid hopes of a rate cut by the Federal Reserve, and easing concerns about the political situation in France.

In commodities trading, West Texas Intermediate crude oil futures are up $0.68 or 1.09% at $63.31 a barrel.

Gold futures are gaining $6.30 0.17% at $3,688.50 an ounce, while Silver futures are up $0.304 or 0.74% at $41.645 an ounce.

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European Economic News Preview: ECB To Hold Key Rates

European Economic News Preview: ECB To Hold Key Rates

The European Central Bank is set to hold its key interest rates for the second straight session on Thursday as inflation stayed around the target and the economy showed resilience to higher tariffs. Markets expect the ECB to retain the deposit rate at 2.00 percent. The refinancing rate is seen unchanged at 2.15 percent and the marginal lending rate at 2.40 percent.
RTTNews | 19分钟前
Sensex, Nifty Little Changed After Recent Gains

Sensex, Nifty Little Changed After Recent Gains

Indian shares were little changed on Thursday after recent gains on optimism over GST reforms, hopes of Federal Reserve interest-rate cuts and comments from U.S. President Donald Trump suggesting that his administration is continuing negotiations to address trade barriers with India.
RTTNews | 2小时25分钟前
Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian market is maintaining its early losses in mid-market moves on Thursday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to 8,800 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.
RTTNews | 3小时42分钟前
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the mixed cues from Wall Street overnight, on increasing optimism the US Fed will lower interest rates a couple of times this year after report showed softer-than-expected US producer price figures, while traders await US consumer inflation data later in the day. Asian markets closed mostly higher on Wednesday.
RTTNews | 4小时7分钟前
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Thursday after reports emerged that the sixth round of talks over an India-United States trade agreement will take place shortly.
RTTNews | 4小时29分钟前
Soft Start Expected For Thai Stock Market

Soft Start Expected For Thai Stock Market

The Thai stock market has moved higher in four straight sessions, adding more than 25 points or 2.1 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,280-point plateau although it's likely to open to the downside on Thursday.
RTTNews | 5小时5分钟前
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese market is trading significantly higher on Thursday, extending the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 44,200 level, with gains in index heavyweights and technology stocks partially offset by weakness in automakers and financial stocks.
RTTNews | 5小时21分钟前