Bay Street Seen Opening On Cautious Note

RTTNews | 661 hari yang lalu
Bay Street Seen Opening On Cautious Note

(RTTNews) - The Canadian market is likely to open on a cautious note Tuesday morning with investors awaiting the Bank of Canada's interest rate decision, and U.S. consumer price inflation data due on Wednesday.

The Canadian central bank is widely expected to cut interest rate by 50 basis points.

North West Company Inc (NWC.TO) reported net earnings of $36.4 million for the third quarter of fiscal 2024, down 4.3% compared to net earnings of $38.0 million in the year-ago quarter.

The Canadian market hit a new record high in early trades on Monday, but soon slipped and fell into negative territory and stayed weak right till the end of the session as investors stayed cautious, looking ahead to the Bank of Canada's policy announcement and a slew of crucial economic data from the U.S.

The benchmark S&P/TSX Composite Index, which posted a new high at 25,843.20 early on in the session, closed down 66.38 points or 0.26% at 25,625.42.

Asian stocks ended mixed on Tuesday after China's exports and imports both missed expectations in November, signaling growing trade challenges. China's exports grew at a slower pace and imports posted an unexpected decline in November, official data revealed today.

European stocks are weak, with miners leading losses on weak trade data from China. Investors are awaiting U.S. CPI data and the monetary policy meeting of the European Central Bank.

In commodities, West Texas Intermediate Crude oil futures are down $0.21 or 0.31% at $68.16 a barrel.

Gold futures are gaining $13.70 or 0.51% at $2,699.50 an ounce, while Silver futures are down $0.076 or 0.23% at $32.535 an ounce.

baca selengkapnya
Swiss Market Ends On Firm Note

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 | 2 jam 41 menit yang lalu
Canadian Market Remains Firmly Up In Positive Territory

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 | 4 jam 23 menit yang lalu
U.S. Factory Orders Inch Up In Line With Estimates In August

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 | 6 jam 29 menit yang lalu
U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected

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 | 6 jam 56 menit yang lalu
Euro Slides Against Majors

Euro Slides Against Majors

The euro weakened against other major currencies in the European session on Friday.
RTTNews | 7 jam 30 menit yang lalu
Walmart Recalls Over 4.4 Mln Grill Brushes For Ingestion Risk

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 | 7 jam 34 menit yang lalu
Bay Street Headed For Positive Start

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 | 7 jam 52 menit yang lalu