Bay Street Likely To Open Higher

RTTNews | hace 853
Bay Street Likely To Open Higher

(RTTNews) - Canadian shares are likely to open on a positive note on Monday, tracking European markets and higher commodity prices.

Worries about global economic slowdown might weigh on sentiment and limit market's upside. Investors will be looking ahead to U.S. inflation data, due on Tuesday, for more clues about the Federal Reserve's possible moves on interest rates at the upcoming policy meeting. The Canadian market ended on a buoyant note on Friday, with stocks across the board turning in a fine performance thanks to sustained buying interest. The benchmark S&P/TSX Composite Index ended with a gain of 360.34 points or 1.86% at 19,773.34. The index gained about 2.61% in the week.

Asian stocks closed mostly higher on Monday, led by gains in technology and mining sectors amidst a positive global market sentiment ahead of the crucial inflation data from the U.S. on Tuesday.

European stocks are up firmly in positive territory a little past noon on Monday with investors looking ahead to U.S. inflation data, due on Tuesday.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.53 or about 0.6% at $87.32 a barrel.

Gold futures are gaining $9.50 or 0.55% at $1,738.10 an ounce, while Silver futures are up $0.458 or 2.44% at $19.225 an ounce.

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Frozen Chicken & Cheese Taquitos Sold At ALDI Stores Recalled

Frozen Chicken & Cheese Taquitos Sold At ALDI Stores Recalled

Valencia, California-based Bestway Sandwiches Inc. has called back around 24,870 pounds of frozen chicken and cheese taquito products citing the potential to be contaminated with foreign material, specifically metal, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS.
RTTNews | hace 5h 27min
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Monday, following the broadly negative cues from Wall Street on Friday, as stronger than expected US employment data weighed heavily on the outlook for interest rates. It raised concerns the US Fed will likely hold interest rates at current levels or slow down the pace of reductions. Rising bond yields also hurt. Asian markets closed mostly lower on Friday.
RTTNews | hace 7h 20min
Indian Shares Likely To Open Lower On Weak Global Cues

Indian Shares Likely To Open Lower On Weak Global Cues

Lower GIFT Nifty futures, and weak global cues amid uncertainty about the outlook for interest rate cuts by the Federal Reserve following upbeat non-farm payroll data point to a negative start for Indian shares on Monday.
RTTNews | hace 7h 26min
Australian Market Drifts Further Lower In Mid-market

Australian Market Drifts Further Lower In Mid-market

The Australian stock market is drifting further lower in mid-market trading on Monday, also adding to the losses in the previous two sessions, with the benchmark S&P/ASX 200 index falling well below the 8,200.00 level, with weakness in financial and technology stocks, partially offset by gains in mining and energy stocks amid spiking commodity prices.
RTTNews | hace 7h 55min
Thai Stock Market Expected To Open In The Red

Thai Stock Market Expected To Open In The Red

The Thai stock market on Friday snapped the two-day slide in which it had stumbled almost 30 points or 2.2 percent. The Stock Exchange of Thailand now sits just beneath the 1,370-point plateau although it figures to head south again on Monday.
RTTNews | hace 8h 35min
Indonesia Bourse May Hand Back Friday's Gains

Indonesia Bourse May Hand Back Friday's Gains

The Indonesia stock market on Friday wrote a finish to the two-day slide in which it had slumped almost 20 points or 0.3 percent. The Jakarta Composite Index now sits just beneath the 7,090-point plateau although it's expected to turn lower again on Monday.
RTTNews | hace 9h 5min
Australian Market Significantly Lower

Australian Market Significantly Lower

The Australian stock market is currently trading significantly lower on Monday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,200.00 level, with weakness in financial and technology stocks, partially offset by gains in mining and energy stocks amid spiking commodity prices.
RTTNews | hace 9h 12min
Hong Kong Shares Tipped To Open To The Downside

Hong Kong Shares Tipped To Open To The Downside

The Hong Kong stock market has finished lower in five straight sessions, retreating more than 700 points or 3.7 percent along the way. The Hang Seng Index now sits just above the 19,060-point plateau and it's expected to extend its misery when it opens on Monday.
RTTNews | hace 9h 20min