Bay Street May Open On Positive Note

RTTNews | 908 hari yang lalu

(RTTNews) - Canadian shares are likely to open with a slightly positive bias on Tuesday, tracking firm bullion prices.

However, with the Bank of Canada's interest rate decision, the ECB's policy announcement and a slew of economic data from the U.S., and the minutes from the Federal Reserve's most recent policy meeting due this week, the mood is likely to remain a bit cautious at times.

Upcoming earnings from U.S. banks JP Morgan, Wells Fargo and Citigroup are also in focus.

BlackBerry Limited (BB.TO) announced that it has joined hands with AMD to boost their capabilities in robotics-focused hardware with a platform to deliver enhanced performance, reliability, and scalability for robotic systems in industrial and healthcare sectors.

Cognizant Technology Solutions Corp. (CTSH) announced Tuesday a strategic alliance with Shopify Inc. (SHOP.TO) and Google Cloud to drive digital transformation and platform modernization for global retailers and brands.

The Canadian market recovered from early lows and settled just marginally down on Monday as investors stayed largely cautious ahead of some crucial economic events, including Bank of Canada's monetary policy announcement.

The benchmark S&P/TSX Composite Index, which dropped to 22,178.67 early on in the session, ended down 4.08 points at 22,260.30.

Asian stocks ended mixed on Tuesday as ceasefire talks between Israel and Gaza stalled, and more Federal Reserve officials warned about upside risks to inflation. Investors largely stayed cautious ahead of results from major U.S. banks.

European stocks are weak amid geopolitical tensions and uncertainty over rate cuts.

In commodities, West Texas Intermediate Crude oil futures are up $0.12 or 0.14% at $86.55 a barrel.

Gold futures are gaining $22.20 or 0.96% at $2,373.20 an ounce, while Silver futures are up $0.333 or 1.2% at $28.140 an ounce.

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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.

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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.

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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.

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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.

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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.

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Euro Slides Against Majors

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

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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 | 2 hari 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 | 2 hari yang lalu

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