Higher Commodity Prices Point To Slightly Positive Start On Bay Street

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(RTTNews) - Higher crude oil bullion prices point to a positive start for the Canadian market Wednesday morning. However, U.S. inflation data, which is due before the opening bell, is likely to significantly impact investor sentiment in early trades.

The Labor Department's consumer price inflation data is due at 8:30 AM ET. Analysts expect the headline CPI to have risen 0.2% month-on-month in August, unchanged from the previous month.

In Canadian corporate news, Dollarama, Inc. (DOL.TO) reported Wednesday that net earnings for the second quarter increased to $285.94 million or $1.02 per share from $245.76 million or $0.86 per share in the prior-year quarter.

Canadian stocks tumbled after a slightly flat start Tuesday morning, but recovered gradually as the day's session progressed and eventually ended with a marginal loss.

The benchmark SMI, which was down by about 235 points at 22,791.55 at noon, ended the day's session with just a marginal loss of 24.06 points or 0.1% at 23,003.09.

Asian stocks declined on Wednesday as investors watched the latest updates on the Trump-Harris presidential debate and braced for U.S. consumer price inflation data that could influence the Federal Reserve's policy moves next week.

European stocks are slightly higher ahead of U.S. consumer inflation data. The focus is also on the European Central Bank's monetary policy announcement due on Thursday. The ECB is widely expected to lower interest rates for the second time this year.

In commodities, West Texas Intermediate Crude oil futures are up $1.65 or 2.5% at $67.39 a barrel.

Gold futures are gaining $8.00 or 0.32% at $2,551.10 an ounce, while Silver futures are up $0.531 or 1.86% at $29.145 an ounce.

Malaysia Bourse May Extend Monday's Losses

The Malaysia stock market on Monday ended the two-day winning streak in which it had picked up almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,645-point plateau and the losses may accelerate on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead. The KLCI finished barely lower on Monday following mixed performances from the financial shares, property stocks, industrials and telecoms. For the day, the index eased 0.31 points or 0.02 percent to finish at 1,645.68 after trading between 1,642.52 and 1,648.05. Among the actives, Celcomdigi slumped 0.83 percent, while CIMB Group collected 0.61 percent, Genting added 0.49 percent, IHH Healthcare perked 0.14 percent, Kuala Lumpur Kepong retreated 0.94 percent, Maxis dropped 0.54 percent, MISC increased 0.52 percent, MRDIY tumbled 1.36 percent, Nestle Malaysia tanked 1.64 percent, Petronas Chemicals jumped 1.07 percent, Petronas Dagangan rallied 2.23 percent, Petronas Gas climbed 0.91 percent, PPB Group improved 0.70 percent, Press Metal advanced 0.83 percent, RHB Bank fell 0.16 percent, Sime Darby sank 0.41 percent, SD Guthrie gained 0.21 percent, Sunway lost 0.22 percent, Telekom Malaysia rose 0.15 percent, Tenaga Nasional shed 0.27 percent, YTL Corporation plummeted 3.03 percent, YTL Power plunged 2.56 percent and Axiata, Public Bank, QL Resources, Genting Malaysia, IOI Corporation and Maybank were unchanged.

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South Korea Bourse May Hand Back Monday's Gains

The South Korea stock market on Monday snapped the three-day slide in which it had slumped almost 40 points or 1.6 percent. The KOSPI now sits just above the 2,600-point plateau although it may see renewed selling pressure on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead. The KOSPI finished modestly higher on Monday following gains from the chemical companies and a mixed performance from the financials and technology stocks. For the day, the index added 11.1 points or 0.43 percent to finish at 2,604.92 after trading between 2,594.05 and 2,618.71. Volume was 235.86 million shares worth 7.6 trillion won. There were 434 gainers and 427 decliners. Among the actives, Shinhan Financial retreated 1.24 percent, while KB Financial dropped 0.95 percent, Hana Financial skidded 1.07 percent, Samsung Electronics fell 0.34 percent, Samsung SDI rallied 1.36 percent, LG Electronics dipped 0.10 percent, SK Hynix jumped 1.92 percent, LG Chem added 0.61 percent, Lotte Chemical spiked 2.79 percent, SK Innovation accelerated 2.05 percent, POSCO shed 0.43 percent, SK Telecom perked 0.18 percent, KEPCO advanced 0.95 percent, Hyundai Mobis was down 0.20 percent, Hyundai Motor climbed 1.07 percent, Kia Motors eased 0.11 percent and Naver was unchanged.

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TSX Turns Weak After Hitting New High, Ends 0.4% Down

The Canadian market rose to a new record high Monday morning, but retreated soon and stayed weak right through the session as investors turned cautious ahead of earnings updates and some key economic events, including the Bank of Canada's monetary policy meeting due this week.

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New Zealand Trade Data Due On Tuesday

New Zealand will on Tuesday release September figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.

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ECB's Kazimir Says All Options Remain On Table For December

The European Central Bank could have waited till December to lower interest rates, but the economic data since the September policy session signaled a shift in risks to inflation to the downside, and thus policymakers opted for a rate cut this month, Governing Council member Peter Kazimir said on Monday.

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EURUSD	1.08152	GBPUSD	1.29827	AUDUSD	0.66537
USDJPY	150.623	USDCAD	1.38339	USDCHF	0.86548

Higher Commodity Prices Point To Slightly Positive Start On Bay Street

Malaysia Bourse May Extend Monday's Losses

South Korea Bourse May Hand Back Monday's Gains

TSX Turns Weak After Hitting New High, Ends 0.4% Down

New Zealand Trade Data Due On Tuesday

ECB's Kazimir Says All Options Remain On Table For December

Dollar Rises Against Major Counterparts

Canadian Market Moderately Lower In Cautious Trade

Swiss Market Ends Moderately Lower