Australia Building Approval Data Due On Monday

Energy, Materials Stocks Dragging Down Canadian Market; BoC Cuts Rate By 50 Bps

Despite the Bank of Canada's big 50-basis point interest rate cut, the Canadian market is languishing in negative territory on Wednesday after a weak start, with stocks from energy and materials sectors reeling under selling pressure due to declining commodity prices.

RTTNews | 4h 16min ago

U.S. Existing Home Sales Unexpectedly Slump By 1.0% In September

A report released by the National Association of Realtors on Wednesday unexpectedly showed a continued decrease by existing home sales in the U.S. in the month of September. NAR said existing home sales slid by 1.0 percent to an annual rate of 3.84 million in September after tumbling by 2.0 percent to a revised rate of 3.88 million in August.

RTTNews | 6h 1min ago

Bank Of Canada Slashes Interest Rates By 50 Basis Points

Following three straight quarter point interest rate cuts, the Bank of Canada on Wednesday announced its widely expected decision to slash rates by a half point. The Bank of Canada said it decided to reduce its target for the overnight rate by 50 basis points to 3.75 percent, with the Bank Rate at 4 percent and the deposit rate at 3.75 percent.

RTTNews | 6h 21min ago

Decline In U.S. Mortgage Applications Slows: MBA

The number of mortgage applications in the U.S. fell for the third week in a row, but at a slower pace in the week ended October 18, as higher interest rates continue to weigh on demand, results of a survey by the Mortgage Bankers Association showed Wednesday. The Market Composite Index, a measure of mortgage loan application volume, fell 6.7 percent from the previous week.

RTTNews | 7h 21min ago

Bay Street Seen Opening Weak; BoC Rate Decision In Focus

Lower stock futures and commodity prices point to a weak start for the Canadian market on Wednesday. The focus will be on the Canadian central bank's interest rate decision due after the opening bell.

RTTNews | 7h 28min ago

UK Pay Growth Stalled In September, Likely To Slow Next Year: Survey

Growth in the employee earnings in the U.K. stalled in the September quarter and the rate of increase is expected to fall next year as employers weigh the cost, the performance of their companies and possibly lower inflationary pressures. Median pay award forecast for the next 12 months was 3 percent.

RTTNews | 7h 38min ago

Sensex, Nifty Give Up Early Gains

Indian shares gave up early gains to end marginally lower on Wednesday.

RTTNews | 9h 58min ago

Deutsche Bank Q3 Profit Climbs, Confirms Outlook; Stock Dips

German banking major Deutsche Bank AG reported Wednesday higher profit in its third quarter, driven by partial release of Postbank litigation provisions, lower expenses, as well as improved revenues. The company also said it is on track to achieve its annual revenue target, as well as 2025 goals. Meanwhile, Deutsche Bank shares were losing around 3 percent in the morning trading in Germany...

RTTNews | 10h 13min ago

EURUSD	1.07722	GBPUSD	1.29287	AUDUSD	0.66273
USDJPY	152.898	USDCAD	1.38429	USDCHF	0.86684