Bay Street Likely To Open On Subdued Note

RTTNews | 744 hari yang lalu

(RTTNews) - Canadian shares are likely to open on a subdued note Monday morning with investors looking for directional clues, after recent record highs following the Federal Reserve's jumbo interest-rate cut. The market is likely to move in a tight range for much of the day's session amid lackluster moves.

CGI Inc. (GIB.A.TO) announced today that Harley-Davidson Financial Services selected the company to modernize its loan origination system.

Data on Canadian new housing prices for the month of August is due at 8:30 AM ET.

After an early setback, the Canadian market recovered gradually in cautious trade on Friday and eventually ended the day's session with a slender gain.

Investors digested the nation's retail sales, and producer & raw materials prices reports, and largely made stock specific moves.

The benchmark S&P/TSX Composite Index, which dropped to 23,740.37 in early trades, ended the session with a small gain of 1.10 points at 23,867.37. The index gained about 4.8% in the week.

Asian stocks ended mixed on Monday as tensions escalated in the Middle East and China's central bank lowered a short-term policy rate and pumped more liquidity into the financial system in a bid to boost the world's second-largest economy.

European stocks are turning in a mixed performance in cautious trade as investors react to weak business activity data and the latest political developments in the region.

Eurozone business activity contracted more than expected in September, with the corresponding PMI falling to 48.9 from 51.0 as both services and manufacturing sectors weakened.

Similarly, growth softened across U.K. businesses in September.

In political news, German Chancellor Olaf Scholz's Social Democratic Party (SPD) has narrowly beaten the far-right Alternative for Germany (AfD) in an election in the east German state of Brandenburg, according to official results released this morning.

In France, Prime Minister Michel Barnier said his new government could increase taxes for big business and the wealthiest to help tackle the budget deficit.

Elsewhere in the U.K., Finance Minister Rachel Reeves said there would be no return to austerity or widespread cuts despite financial challenges.

In commodities, West Texas Intermediate crude oil futures are up $0.31 or 0.44% at $71.31 a barrel.

Gold futures are up $3.00 or 0.1% at $2,649.20 an ounce, while Silver futures are down $0.495 or 1.56% at $31.010 an ounce.

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European Shares Seen Lower At Open

European stocks may drift lower at open on Thursday, with technology stocks likely to be in focus after the Wall Street Journal reported that SpaceX, Broadcom and Oracle were looking to raise money to buy AI chips, leaving investors worried about whether the expected profits will materialize.

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Indian Shares Drift Lower In Cautious Trade; IT Stocks Buck Trend

Indian shares traded lower on Thursday amid lingering concerns about rising oil prices and elevated bond yields in international markets.

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Australian Market Extends Early Losses In Mid-market

The Australian market is extending its early losses in mid-market moves on Thursday, adding to the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,700 level, with weakness in mining and technology stocks partially offset by gains in energy and financial stocks.

RTTNews | 2 jam 39 menit yang lalu

Asian Markets Track Wall Street Lower

Asian markets are trading mostly lower on Thursday, following the broadly negative cues from Wall Street overnight, as rising volatility in crude oil prices, global currency and bond yields continue to weigh on market sentiment. Technology stocks are also dragging the markets amid a surge in AI-related corporate debt. Asian markets closed mostly lower on Wednesday.

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Indian Shares Set To Follow Asian Peers Lower

Indian shares are seen opening lower on Thursday as investors fret about rising volatility in global currency and bond markets.

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Rally May Stall For Thai Stock Market

The Thai stock market has tracked higher in five straight sessions, gathering almost 25 points or 1.6 percent in that span. The Stock Exchange of Thailand now sits just above the 1,580-point plateau although it may run out of steam on Thursday.

RTTNews | 4 jam 13 menit yang lalu

Japanese Market Significantly Lower

The Japanese market is trading significantly lower on Thursday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 69,400 level, with weakness in index heavyweights, exporters, financial and technology stocks partially offset by gains in automaker stocks.

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Indonesia Stock Market May Give Up Support At 6,100 Points

The Indonesia stock market on Wednesday snapped the three-day winning streak in which it had improved almost 185 points or 2.8 percent. The Jakarta Composite Index now sits just beneath the 6,150-point plateau and it's likely to open to the downside again on Thursday.

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