Commodity Prices, Jobs Data In Focus

RTTNews | 312 days ago

(RTTNews) - Lower Canadian and U.S. futures point to a negative start on Bay Street Friday morning, but fairly strong commodity prices could trigger some buying in resources stocks and limit market's downside.

Canadian jobs data, due at 8:30 AM ET, may well set the trend for the market.

Ensign Energy Services Inc. (ESI.TO), reported funds flow from operations of C$88.221 million, or C$0.47 per share in the three months to September 2025, less than C$116.914 million, or $0.63 per share, in the same period last year.

Onex Corp. (ONEX.TO) reported third-quarter net earnings of $39 million, or $0.57 a share, compared to $127 million, or $1.68 a share, last year.

Brookfield Asset Management Ltd. (BAM) reported third-quarter earnings of $724 million or $0.44 per share, compared to $544 million or $0.34 per share in the year-ago quarter.

The Canadian market ended on a weak note on Thursday as investors resorted to profit-taking. Worries about growth due to the 35% tariffs imposed by the Trump administration on majority of Canada's exports to the U.S. hurt sentiment.

The benchmark S&P/TSX Composite Index settled at 29,868.59, down by 234.89 or 0.78%.

Data released by Ivey Business School today revealed that Canada's Ivey Purchasing Managers Index fell to 52.4 in October from 59.8 in September, missing expectations of 55.2.

Asian stocks declined on Friday as U.S. job data signaled weakness in the country's labor market and customs data showed Chinese exports unexpectedly fell in October after months of frontloading U.S. orders to beat President Donald Trump's tariffs.

Traders also weighed cautious comments from Federal Reserve officials expressing hesitation about continuing with further interest rate cuts.

The major European markets are down in negative territory amid concerns about growth and uncertainty over central banks' future policy moves.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.58 or 0.98% at $60.01 a barrel.

Gold futures are gaining $21.70 or 0.54% at $4,012.70 an ounce, while Silver futures are up $0.575 or 1.2% at $48.525 an ounce.

European Shares Set For Firm Open Ahead Of Fed Verdict

European stocks are seen opening a tad higher on Wednesday ahead of the U.S. Federal Reserve's interest-rate decision later in the day, with markets pricing in a 92.4 percent chance of a 25-bps rate hike in response to a recent hot inflation report.

RTTNews | 1h 2min ago

Indian Shares Modestly Higher In Cautious Trade

Indian shares were modestly higher on Wednesday after falling sharply in the previous session on concerns over rising oil and U.S. bond yields amid escalating Middle East tensions.

RTTNews | 1h 57min ago

Australian Market Slightly Trims Early Gains In Mid-market

The Australian stock market is slightly trimming its early gains in mid-market moves on Wednesday, reversing some of the losses in the previous session, with the benchmark S&P/ASX 200 moving well above the 8,650 level, despite the broadly negative cues from Wall Street overnight, with gains in energy and financial stocks partially offset by weakness in technology stocks.

RTTNews | 3h 12min ago

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Wednesday, despite the broadly negative cues from Wall Street overnight, as traders are cautious and seemed reluctant to make more significant moves ahead of the US Fed's monetary policy decision later in the day. Some traders are looking to pick stocks at a bargain following the recent slump in the markets. Asian markets closed mostly lower on Tuesday.

RTTNews | 3h 28min ago

Indian Shares Seen Flat To Higher At Open

Indian shares may see a fragile, tentative recovery at the open on Wednesday following the previous session's sell-off.

RTTNews | 3h 58min ago

Continued Consolidation Called For Thai Stock Market

The Thai stock market has moved lower in five straight sessions, retreating more than 40 points or 2.7 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,580-point plateau and it's expected to spin its wheels again on Wednesday.

RTTNews | 4h 36min ago

Lower Open Expected For Indonesia Bourse

The Indonesia stock market has finished lower in five straight sessions, sinking more than 225 points or 3.4 percent along the way. The Jakarta Composite Index now sits just above the 6,460-point plateau and it's looking at another soft start again on Wednesday.

RTTNews | 5h 6min ago

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Wednesday, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling to near the 63,350 level, with weakness index heavyweights partially offset by gains in automakers and financial stocks.

RTTNews | 5h 7min ago

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