Bay Street Seen Opening On Weak Note

RTTNews | 1602 hari yang lalu

(RTTNews) - Sharply lower Canadian and U.S. futures, weak global markets and falling commodities point to a gap down opening on Bay Street Monday morning.

Amid mounting worries about growth and news about a surge in coronavirus cases in China, markets in Asia tumbled today, and most of the markets across Europe are firmly down in negative territory.

In Canadian company news, Alithya Group inc. (ALYA.TO) today announced details of its Alithya 365 Power Apps for Manufacturing which further strengthen Alithya's position as a go-to partner for the Microsoft Cloud for Manufacturing.

Canadian stocks plunged sharply on Friday as data showing a bigger than expected surge in U.S. inflation in May raised concerns about growth and triggered a sell-off in the market.

The benchmark S&P/TSX Composite Index ended with a loss of 289.07 points or 1.41% at 20,274.82, after dropping to a low of 20,196.16.

Asian stocks tanked on Monday as hotter-than-expected U.S. inflation data coupled with news that China's capital Beijing is facing an "explosive" COVID-19 outbreak connected to a bar stoked concerns about global growth.

European stocks are plunging sharply, extending losses from the previous session, on falling appetite for riskier assets amid fears of a recession and news of a "ferocious" COVID-19 outbreak in Beijing's most populous district of Chaoyang. Weak UK growth data also raised concerns about the economic outlook in the region.

In commodities trading, West Texas Intermediate Crude oil futures are down $1.97 or 1.65% at $118.70 a barrel.

Gold futures are down $16.00 or 0.85% at $1,859.50 an ounce, while Silver futures are lower by $0.321 or 1.46% at $21.610 an ounce.

baca selengkapnya

U.S. Dollar Ticks Lower As Investors Monitor Developments In Middle East

The U.S. Dollar value posted incremental losses on Friday as markets focused on the U.S. call to Iran for discussions to avert a planned intense attack by the U.S. on Iran after November mid-term elections. Iran has not responded until now.

RTTNews | 1 hari yang lalu

TSX Drops Nearly 2.5%; Materials, Tech Stocks Down Sharply

Canadian stocks are down sharply on Friday amid renewed fears about inflation and interest rates following oil prices climbing higher amid supply concerns after a tanker attack in the Strait of Hormuz.

RTTNews | 1 hari yang lalu

Swiss Market Ends Modestly Higher

The Switzerland market's benchmark SMI ended modestly higher on Friday after holding firm throughout the trading session, outperforming most of its peers in Europe.

RTTNews | 1 hari yang lalu

Major European Markets End Mixed As Investors React To Earnings, Economic Data

The major European markets closed mixed on Friday even as most of the other markets across the continent ended notably lower, as investors reacted to a slew of corporate earnings announcements and the latest batch of regional economic data. Higher oil prices and weakness in the tech sector due to renewed uncertainty about returns on AI-related investments hurt sentiment.

RTTNews | 1 hari yang lalu

Chicago Business Barometer Pulls Back But Still Indicates Growth In October

Growth in Chicago-area business activity slowed moderately in the month of October, according to a report released by MNI Indicators on Friday. The report said the Chicago business barometer fell to 55.3 in October after spiking to 58.8 in September, although a reading above 50 still indicates growth. Economists had expected the business barometer to pull back to 56.0.

RTTNews | 2 hari yang lalu

Colgate-Palmolive Q3 Results Rise, Lifts FY26 Base Business EPS View; Stock Gains

Consumer products major Colgate-Palmolive Co., while reporting higher third-quarter results, on Friday confirmed fiscal 2026 outlook for earnings per share. Further, the firm raised guidance for Base Business earnings per share and gross profit margin, while narrowing sales growth view. In pre-market activity on the NYSE, the shares were gaining around 3.34 percent

RTTNews | 2 hari yang lalu

Bay Street Likely To Open Notably Lower

https://tradingeconomics.com/commodities https://www.rttnews.com/3706244/asian-shares-mixed-as-ai-concerns-pressure-chip-stocks.aspx?type=acom https://www.rttnews.com/3706421/magna-international-reaffirms-midpoint-of-full-year-outlook-for-adj-eps.aspx?type=cn https://www.rttnews.com/3705776/canadian-stocks-little-changed-as-investors-parse-boc-rate-decision-u-s-outreach-to-iran.aspx?type=cacom

RTTNews | 2 hari yang lalu

UK Nationwide House Price Growth Softest Since 2024

UK house prices grew at the slowest pace since the start of 2024 as rising interest rate expectations weighed on the property market in October, data published by Nationwide Building Society showed Friday. House prices grew only 0.5 percent in October from the previous year. This was weaker than the 0.8 percent rise in September and economists' forecast of 0.6 percent.

RTTNews | 2 hari yang lalu

EURUSD	1.1158	GBPUSD	1.3391
USDJPY	157.546	USDCAD	1.39708