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Bay Street May Open On Positive Note

The Canadian market is likely to open on a positive note on Wednesday, tracking fairly strong quarterly earnings updates from major banks. Concerns about Middle East tensions may weigh a bit and render the mood cautious.
RTTNews | 107 days ago
French Consumer Confidence Weakest Since Early 2023

French Consumer Confidence Weakest Since Early 2023

French consumer confidence fell to the lowest in more than three years in May, survey data from the statistical office INSEE showed Wednesday. The consumer sentiment index dropped more-than-expected to 82 in May from 84 in the previous month. This was the lowest since March 2023. The survey showed that the proportion of households believing it is a good time to make major purchases fell sharply.
RTTNews | 107 days ago
Euro Rises As European Shares Seen Mostly Higher On Iran Peace Deal Hopes

Euro Rises As European Shares Seen Mostly Higher On Iran Peace Deal Hopes

The euro strengthened against other major currencies in the European session on Wednesday, as European stock markets traded higher on improved prospects of a U.S.-Iran deal. Hours after the U.S. struck Iranian naval facilities, U.S. Secretary of State Marco Rubio said a potential deal to end the Middle East conflict could "take a few days" amid unresolved issues surrounding Tehran's frozen assets and unrestricted passage through Hormuz.
RTTNews | 107 days ago
FTSE 100 Up Marginally

FTSE 100 Up Marginally

U.K. stocks turned in a mixed performance Wednesday morning with investors assessing Middle East news and hoping for a peace deal between the United States and Iran sometime soon.
RTTNews | 107 days ago
CAC 40 Rises Nearly 1%; Auto, Luxury Stocks Move Higher

CAC 40 Rises Nearly 1%; Auto, Luxury Stocks Move Higher

French stocks gained significant ground in positive territory on Wednesday despite lingering concerns about Middle East tensions and likely interest rate hike by the European Central Bank in June.
RTTNews | 107 days ago
Europe New Car Sales Growth Eases

Europe New Car Sales Growth Eases

Europe's new car registrations grew at a slower pace in April amid heightened geopolitical risks, data from the European Automobile Manufacturers' Association, or ACEA, showed Wednesday. New car registrations grew 5.1 percent year-on-year in April, slower than the 12.5 percent increase in March.
RTTNews | 107 days ago
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Gold Dips Below $4500 On Rate Hike Worries

Gold Dips Below $4500 On Rate Hike Worries

Gold prices traded lower on Wednesday, extending losses from the previous session as investors fretted about oil-driven inflation and the potential impact on interest rates.
RTTNews | 107 days ago
DAX Moves Higher; Auto Stocks Among Top Gainers

DAX Moves Higher; Auto Stocks Among Top Gainers

German stocks climbed higher on Wednesday despite concerns about inflation, possible rate hikes and lingering uncertainty about Iran and the U.S. reaching a quick peace deal.
RTTNews | 107 days ago
Oil Prices Tumble On US-Iran Deal Hopes

Oil Prices Tumble On US-Iran Deal Hopes

Oil prices traded sharply lower on Wednesday as U.S.-Iran talks continued despite new American attacks on missile sites and mine-laying ships in the Strait of Hormuz.
RTTNews | 107 days ago
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | 107 days ago
European Shares Edge Up In Cautious Trade

European Shares Edge Up In Cautious Trade

European stocks edged up in cautious trade on Wednesday despite heightened inflation concerns and expectations that major central banks could raise borrowing costs soon. In geopolitical news, media reports suggest that the release of frozen Iranian assets has emerged as the main sticking point in talks between Iran and the United States.
RTTNews | 107 days ago

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