Bay Street Is Seen Opening On Positive Note

RTTNews | 931 hari yang lalu

(RTTNews) - Canadian stocks may open higher Friday morning, tracking firm metal prices, and positive lead from European markets. Uncertainty around Fed easing might limit market's upside.

Premium Brands Holdings Corporation (PBH.TO) reported adjusted earnings of $37.9 million, or $0.85 per share, for fourth-quarter of 2023, compared to adjusted earnings of $52.9 million, or $1.19 per share, in the fourth quarter of 2022.

Quarterhill Inc. (QTRH.TO) reported a net loss of $0.14 per share in the fourth quarter of 2023, compared to net loss of $0.18 per share in the year-ago quarter.

Data on Canadian housing starts for the month of February is due at 8:15 AM ET.

At 6 AM ET, final data on Canadian wholesale sales for the month of January is due.

Canadian stocks ended on a weak note on Thursday as data showing a bigger than expected increase in U.S. producer price inflation dented hopes of an interest rate cut by the Federal Reserve in June.

The benchmark S&P/TSX Composite Index, which tumbled to 21,737.51, ended with a loss of 140.26 points or 0.64% at 21,829.85.

Asian stocks ended lower on Friday, with uncertainty around Fed easing, a lack of big-ticket stimulus from top metals consumer China and anxiety ahead of next week's Bank of Japan (BOJ) policy meeting weighing on sentiment.

European stocks are modestly higher in cautious trade with investors digesting the latest batch of economic data from the region, and looking ahead to the Federal Reserve's monetary policy meeting next week.

In commodities, West Texas Intermediate Crude oil futures are down $0.47 or 0.58% at $80.79 a barrel.

Gold futures are up $4.50 or 0.2% at $2,172.00 an ounce, while Silver futures are gaining $0.330 or 1.32% at $25.390 an ounce. Copper futures are up $0.059 or about 1.5% at $4.1045 per pound.

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Swiss Market Ends On Firm Note

Save for a few minutes at the start, the Switzerland market's benchmark index SMI stayed positive on Friday as lower oil prices and bond yields helped underpin sentiment. Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month.

RTTNews | 9 jam 55 menit yang lalu

European Markets Recover From Multi-month Lows, Close On Positive Note

A day after falling to multi-month lows, European markets rebounded fairly strongly on Friday as oil prices fell sharply and bond yields dropped, easing concerns about inflation and interest rates a bit.

RTTNews | 10 jam 17 menit yang lalu

Canadian Market Remains Firmly Up In Positive Territory

The Canadian market is up firmly in positive territory around noon on Friday thanks to weak oil prices and lower bond yields aiding sentiment. Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month.

RTTNews | 11 jam 37 menit yang lalu

U.S. Factory Orders Inch Up In Line With Estimates In August

A report released by the Commerce Department on Friday showed a slight uptick in new orders for U.S. manufactured goods in the month of August. The Commerce Department said factory orders crept up by 0.1 percent in August after climbing by a downwardly revised 0.8 percent in July.

RTTNews | 13 jam 42 menit yang lalu

U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected

The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of September. The report said non-farm payroll employment rose by 29,000 jobs in September after jumping by a downwardly revised 133,000 jobs in August. Economists had expected employment to increase by 85,000 jobs.

RTTNews | 14 jam 10 menit yang lalu

Euro Slides Against Majors

The euro weakened against other major currencies in the European session on Friday.

RTTNews | 14 jam 44 menit yang lalu

Walmart Recalls Over 4.4 Mln Grill Brushes For Ingestion Risk

Retail giant Walmart Inc. is recalling around 4.478 million units of metal wire bristle grill brushes, citing risk of ingestion and internal injuries, according to the U.S. Consumer Product safety Commission or CPSC. The recall involves certain Walmart Expert Grill brushes with black plastic or stainless-steel handles. Some brushes come with metal scraper attached.

RTTNews | 14 jam 48 menit yang lalu

Bay Street Headed For Positive Start

Canadian stocks look headed for a positive start on Friday with concerns about inflation and interest rates easing a bit following a sharp drop in oil prices. Bond yields have dropped as well. U.S. non-farm payroll data for the month of September is likely to make an impact on investor sentiment.

RTTNews | 15 jam 6 menit yang lalu

EURUSD	1.1253	GBPUSD	1.3241
USDJPY	157.845	USDCAD	1.4248