Canadian Shares Likely To Open On Mixed Note

RTTNews | 681天前

(RTTNews) - Bay Street is likely to see a mixed start on Tuesday, tracking somewhat subdued European markets and commodity prices.

The focus now is on the Federal Reserve's policy meeting that gets underway today. The Fed is widely expected to announce a 25 basis point hike in interest rate on Wednesday. The accompanying statement is eyed for hints on future rate hikes.

The European Central Bank and the Bank of Japan are scheduled to announce their monetary policies on Thursday and Friday, respectively.

Preliminary data on Canadian manufacturing sales for the month of June is due at 8:30 AM ET. Manufacturing sales in Canada advanced 1.2% month-over-mont in May, following a downwardly revised 0.1% drop in the prior month.

On the earnings front, Canadian National Railway (CNR.TO) and First Quantum Minerals (FM.TO) are announcing their results today.

The Canadian market ended marginally up on Monday thanks to strong gains in the energy sector as oil prices rose sharply.

The benchmark S&P/TSX Composite Index ended with a gain of 34.61 points or 0.17% at 20,582.12, the highest close in about eleven weeks.

Asian stocks ended mixed on Tuesday, with Chinese and Hong Kong markets posting strong gains after reports emerged that policymakers are looking to bolster growth in the world's second-largest economy.

Chinese shares rallied after policymakers promised steps to shore up growth by supporting real estate and other sectors.

European stocks are slightly higher with investors digesting earnings and economic updates from the region, and looking ahead to monetary policy announcements from the Fed, ECBO and BoJ.

In commodities, West Texas Intermediate Crude oil futures are up $0.20 or 0.25% at $78.94 a barrel.

Gold futures are down $7.70 or 0.39% at $1,954.50 an ounce, while Silver futures are gaining $0.089 or 0.36% at $24.670 an ounce.

Swiss Market Ends Marginally Up

The Switzerland market, which stayed positive till well past noon on Thursday, suffered a mild setback in the penultimate hour of the session, but recovered to end the day's session marginally higher. Investors reacted positively to the European Central Bank's decision to lower interest rate by 25 basis points.

RTTNews | 1小时14分钟前

European Stocks Close Slightly Higher

European stocks closed slightly higher on Thursday with investors digesting the European Central Bank's interest rate decision, and a slew of regional economic data, in addition to assessing the potential impact of Trump Administration's tariff moves on global trade and growth.

RTTNews | 1小时27分钟前

Canadian Market Modestly Higher In Cautious Trade

Canadian stocks are turning in a mixed performance on Thursday with investors largely making cautious moves, looking ahead to the crucial U.S. and Canadian jobs data due on Friday.

RTTNews | 2小时9分钟前

U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated

Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025. The Labor Department said labor productivity slumped by 1.5 percent in the first quarter compared to the previously reported 0.8 percent decline. Economists had expected the decrease by labor productivity to be revised to 0.7 percent.

RTTNews | 4小时40分钟前

U.S. Trade Deficit Narrows Substantially In April As Imports Plummet

Largely reflecting a sharp pullback by the value of the imports, the Commerce Department released a report on Thursday showing a substantial decrease in the size of the U.S. trade deficit in the month of April. The Commerce Department said the U.S. trade deficit narrowed to $61.6 billion in April from a revised $138.3 billion in March.

RTTNews | 4小时57分钟前

U.S. Jobless Claims Unexpectedly Rise To Nearly Eight-Month High

With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly increased in the week ended May 31st. The report said initial jobless claims climbed to 247,000, an increase of 8,000 from the previous week's revised level of 239,000.

RTTNews | 5小时16分钟前

German Manufacturing Orders Rise Unexpectedly

German manufacturing orders increased in April confounding fears that higher tariffs by the US administration would hit the factory sector, official data revealed Thursday. Factory orders rose 0.6 percent month-on-month in April, following a revised 3.4 percent rise in March, Destatis said. This was the second consecutive month of growth. Orders were expected to fall 1.0 percent.

RTTNews | 5小时44分钟前

U.S. Labor Productivity Slumps Much More Than Previously Estimated In Q1

Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025.

RTTNews | 5小时57分钟前

EURUSD	1.14407	GBPUSD	1.35799	AUDUSD	0.65123
USDJPY	143.682	USDCAD	1.36622	USDCHF	0.82035

Advertisement

Canadian Shares Likely To Open On Mixed Note