Bay Street May Open On Weak Note

RTTNews | 51天前

(RTTNews) - The Canadian market is likely to open on a weak note Tuesday morning as lower crude oil prices may weigh on energy stocks. Movements are likely to be a bit volatile with investors looking for directional clues.

Geopolitical news will remain in focus, and investors are also likely to closely monitor the movement of Hurricane Milton, which is forecast to make a landfall in Florida on Wednesday. Florida ports have reportedly imposed restrictions on vessel navigation as Hurricane Milton rapidly intensified.

Most energy infrastructure on the U.S. Gulf Coast, including oil and gas production facilities, liquefied natural gas (LNG) plants and refineries, is expected to be out of the storm path, but the closure of terminals could temporarily disrupt exports and imports.

The Canadian market ended modestly lower on Monday, weighed down by losses in utilities and technology sectors. Several stocks from healthcare, consumer discretionary and materials sectors also closed weak.

Escalating Middle East tensions hurt sentiment. With a slew of crucial data, including Canada's unemployment report and U.S. consumer price inflation report, due later in the week, the mood remained cautious.

Israeli defense forces intensified air strikes targeting Gaza and the Lebanese capital of Beirut simultaneously on the first anniversary of Hamas' cross-border attack in Israel, which triggered the Middle East war.

The benchmark S&P/TSX Composite Index ended down 60.12 points or 0.25% at 24,102.71 after scaling a low of 23,988.17 and a high of 24,173.06 intraday.

Asian stocks declined on Tuesday, with Hong Kong markets leading regional losses as China's National Development and Reform Commission pledged more measures to boost the Chinese economy but gave little in the way of details.

Investors looked ahead of key U.S. inflation readings and the release of the Fed's latest meeting minutes this week for additional clues on the Fed's rate trajectory.

The major European markets are weak with stocks falling to two-week lows amid persisting worries about Middle East tensions. Also, a lack of new plans for major stimulus in China hurts as well.

In commodities, West Texas Intermediate crude oil futures are down $1.70 or 2.19 percent at 75.44 a barrel.

Gold futures are gaining $5.30 or 0.2% at $2,670.50 an ounce, while Silver futures are down $0.354 or 1.11% at $31.650 an ounce.

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Friday, following the lack of cues from Wall Street and despite the positive cues from European markets overnight, as traders react to a slew of economic data from Japan and manufacturing data from South Korea. The developments in the Middle East are also hurting market sentiment. Asian markets ended mixed on Thursday.

RTTNews | 5小時24分鐘前

Sensex, Nifty Set For Weak Open On Sluggish Asian Cues

Indian shares are likely to open on a weak note Friday, tracking sluggish cues from Asian peers as investors ponder over Donald Trump's tariff policies and look for more signals on the pace of future Federal Reserve interest rate cuts.

RTTNews | 6小時30分鐘前

Japanese Market Notably Lower

Reversing the gains in the previous session, the Japanese stock market is notably lower on Friday, following the lack of cues from Wall Street and despite the positive cues from European markets overnight. The benchmark Nikkei 225 is falling to near the 38,100 level, with weakness in automakers, exporters and technology stocks partially offset gains in financial stocks.

RTTNews | 6小時48分鐘前

Australian Market Modestly Lower

The Australian stock market is modestly lower on Friday, giving up some of the gains in the previous two sessions, following the lack of cues from Wall Street and despite the positive cues from European markets overnight. The benchmark S&P/ASX 200 is falling to near the 8,400 level, with weakness across most sectors led by mining and financial stocks.

RTTNews | 7小時18分鐘前

TSX Keeps Hitting New Highs, Ends 0.22% Up

The Canadian market recorded a new closing high Thursday with energy stocks contributing significantly to the rise. The volume of business was thin due to Thanksgiving holiday in the U.S.

RTTNews | 9小時46分鐘前

U.S. Dollar Retreats Against Franc

The U.S. dollar pulled back against the Swiss franc in the New York session on Thursday.

RTTNews | 13小時39分鐘前

Swiss Market Ends On Firm Note

The Switzerland market, which very nearly slipped into the red around mid afternoon on Thursday, after a good spell in positive territory, recovered well to end the day's session on a firm note.

RTTNews | 13小時55分鐘前

European Stocks Close Higher

European stocks closed higher on Thursday although the volume of business remained thin in most of the markets in the region due to Thanksgiving holiday in the U.S. Investors digested Germany's consumer price inflation data and tracked corporate news for direction.

RTTNews | 15小時5分鐘前

EURUSD	1.0574	GBPUSD	1.2713	AUDUSD	0.6521
USDJPY	150.1	USDCAD	1.39857	USDCHF	0.88122