Bay Street Likely To Open On Mixed Note

RTTNews | hace 19h 25min

(RTTNews) - Canadian shares are likely to open on a mixed note Monday morning, tracking commodity prices and European markets. The mood is likely to remain cautious with investors looking ahead to the Federal Reserve's monetary policy announcement on Wednesday.

The Bank of Japan and the Bank of England are also scheduled to announce their rate decisions this week.

U.S. Treasury Secretary Scott Bessent's remarks that there are "no gurantees" that the U.S. will avoid recession, may hurt sentiment a bit. Bessent said on Sunday that he isn't concerned about the recent market slump that has erased trillions of dollars from equities, and that markets will do great if good tax policy, tax regulation and energy security are put in place.

U.S. President Donald Trump's assertion that there will be no exceptions to U.S. steel and aluminum tariffs could also weigh on the market.

Data from Canada Mortgage and Housing Corporation said housing starts in Canada decreased to 229,000 units in February from 239,000 units in January.

The Canadian market ended on a strong note on Friday thanks to sustained buying in stocks from across several sectors.

A batch of encouraging economic data, and optimism on the political front following the swearing-in of former BoC Governor Mark Carneyas the new Canadian Prime Minister, triggered some strong buying in the market.

The benchmark S&P/TSX Composite Index ended the session with a gain of 350.17 points or 1.45% at 24,553.40. For the week, the index shed about 0.8%.

Asian stocks closed higher on Monday after China announced plans featuring measures to boost wages and stabilize stock and real estate markets.

European stocks are marginally up in cautious trade as investors await crucial central bank meetings, and a vote on a spending plan in Germany. Ukraine peace talks are in focus as well.

In commodities, West Texas Intermediate Crude oil futures are up $0.91 or 1.35% at $68.09 a barrel.

Gold futures are up $6.00 or 0.2% at $3,007.10 an ounce, while Silver futures are down $0.133 or 0.37% at $34.300 an ounce.

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders continued to pick up stocks at reduced levels following recent weakness. They also seemed reluctant to make more significant moves ahead of the US Fed's monetary policy announcement on Wednesday. Asian markets closed mostly higher on Monday.

RTTNews | hace 4h 20min

Sensex, Nifty Seen Higher At Open

Indian shares look set to open higher on Tuesday following strong gains in global markets.

RTTNews | hace 5h 5min

Australian Market Sharply Trims Early Gains In Mid-market

The Australian stock market is sharply trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 7,850 level, with a mixed performance across most sectors. Energy stocks were the only bright spot.

RTTNews | hace 5h 14min

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving above the 37,900 level, with gains across most sectors led by index heavyweights, financial and technology stocks.

RTTNews | hace 5h 23min

Rebound Anticipated For Thai Stock Market

The Thai stock market headed south again on Monday, one session after ending the two-day slide in which it had stumbled almost 30 points or 2.4 percent. The Stock Exchange of Thailand now sits just above the 1,170-point plateau although it figures to bounce higher again on Tuesday.

RTTNews | hace 5h 46min