Bay Street Likely To Open On Subdued Note

RTTNews | 111 dni temu

(RTTNews) - Canadian shares are likely to open on a subdued note Monday morning with investors looking for directional clues, after recent record highs following the Federal Reserve's jumbo interest-rate cut. The market is likely to move in a tight range for much of the day's session amid lackluster moves.

CGI Inc. (GIB.A.TO) announced today that Harley-Davidson Financial Services selected the company to modernize its loan origination system.

Data on Canadian new housing prices for the month of August is due at 8:30 AM ET.

After an early setback, the Canadian market recovered gradually in cautious trade on Friday and eventually ended the day's session with a slender gain.

Investors digested the nation's retail sales, and producer & raw materials prices reports, and largely made stock specific moves.

The benchmark S&P/TSX Composite Index, which dropped to 23,740.37 in early trades, ended the session with a small gain of 1.10 points at 23,867.37. The index gained about 4.8% in the week.

Asian stocks ended mixed on Monday as tensions escalated in the Middle East and China's central bank lowered a short-term policy rate and pumped more liquidity into the financial system in a bid to boost the world's second-largest economy.

European stocks are turning in a mixed performance in cautious trade as investors react to weak business activity data and the latest political developments in the region.

Eurozone business activity contracted more than expected in September, with the corresponding PMI falling to 48.9 from 51.0 as both services and manufacturing sectors weakened.

Similarly, growth softened across U.K. businesses in September.

In political news, German Chancellor Olaf Scholz's Social Democratic Party (SPD) has narrowly beaten the far-right Alternative for Germany (AfD) in an election in the east German state of Brandenburg, according to official results released this morning.

In France, Prime Minister Michel Barnier said his new government could increase taxes for big business and the wealthiest to help tackle the budget deficit.

Elsewhere in the U.K., Finance Minister Rachel Reeves said there would be no return to austerity or widespread cuts despite financial challenges.

In commodities, West Texas Intermediate crude oil futures are up $0.31 or 0.44% at $71.31 a barrel.

Gold futures are up $3.00 or 0.1% at $2,649.20 an ounce, while Silver futures are down $0.495 or 1.56% at $31.010 an ounce.

TSX Ends Notably Lower As Stocks Drop On Interest Rate Concerns

The Canadian market closed notably lower on Friday, hurt by rising bond yields, and fading optimism about interest rate cuts by the Federal Reserve after data showed stronger-than-expected growth in U.S. non-farm payroll employment. Canadian employment data too came in stronger than expected, reducing prospects of any significant monetary easing by the Bank of Canada.

RTTNews | 1 dni temu

Dollar Climbs Higher After Buoyant Jobs Data

The U.S. dollar firmed against its major counterparts on Friday amid fading hopes of further reductions in interest rates after data from the Labor Department showed stronger-than-expected growth in non-farm payroll employment in the month of December.

RTTNews | 1 dni temu

U.S. Stocks Close Sharply Lower As Strong Jobs Data Raises Interest Rate Concerns

U.S. stocks tumbled on Friday due to heavy selling across the board as buoyant non-farm payroll data raised concerns that the Federal Reserve will likely hold interest rates at current levels or slow down the pace of reductions. Rising bond yields hurt as well.

RTTNews | 1 dni temu

Swiss Market Ends Notably Lower

The Switzerland market settled notably lower on Friday, in line with markets across Europe, as upbeat U.S. jobs data raised concerns that the Federal Reserve will likely hold interest rates unchanged from current levels, or go slow on interest rate cuts this year. Data showing an increase in Swiss unemployment weighed as well.

RTTNews | 1 dni temu

U.S. Dollar Firms As Strong Jobs Data Dampens Rate Cut Hopes

The U.S. dollar climbed against its most major counterparts in the New York session on Friday, as stronger-than-expected jobs data for December strengthened expectations that the Federal Reserve will hold rates steady for sometime.

RTTNews | 1 dni temu

European Stocks Close Lower As Strong U.S. Jobs Data Fuels Interest Rate Concerns

European stocks closed lower on Friday after stronger-than-expected U.S. jobs data raised concerns that the Federal Reserve will hold interest rates at current levels for longer. Higher Euro zone bond yields, and potential tariff hikes by the U.S. weighed as well on investor sentiment.

RTTNews | 1 dni temu

Canadian Stocks Tumble As Upbeat Jobs Data Raises Interest Rate Concerns

Canadian stocks are down sharply on Friday with stronger-than-expected U.S. jobs data raising concerns that the Federal Reserve will likely hold interest rates unchanged from current levels for sometime. Also, a buoyant Canadian employment reports has dimmed the prospects for further easing by the Canadian central bank for now.

RTTNews | 2 dni temu

U.S. Consumer Sentiment Edges Lower In January As Inflation Expectations Surge

Consumer sentiment in the U.S. has unexpectedly seen a modest deterioration in the month of January, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index edged down to 73.2 in January from 74.0 in December. Economists had expected the index to inch up to 74.5.

RTTNews | 2 dni temu

EURUSD	1.02441	GBPUSD	1.22097	AUDUSD	0.61461
USDJPY	157.737	USDCAD	1.44282	USDCHF	0.91664