Bay Street Seen Opening On Subdued Note

RTTNews | Před 10 dny
Bay Street Seen Opening On Subdued Note

(RTTNews) - Canadian stocks look headed for a subdued start Wednesday morning with investors looking for directional clues. Activity is likely to remain stock specific.

Loblaw Companies Ltd (L.TO) announced that it has opened its 16th location, a small-format No Frills, in downtown Toronto. The food and pharmacy retailer said it is on track to open 40 new stores this year and convert dozens more.

The Canadian market ended marginally up on Tuesday, after posting losses in the previous three sessions. Energy stocks climbed higher on firm crude oil prices. Slight optimism about an interest rate cut by the Federal Reserve later this year aided sentiment.

The benchmark S&P/TSX Composite Index, which touched a high of 21,708.06 a little past noon, ended the session with a gain of 23.42 points or 0.11% at 21,611.30.

Asian stocks turned in a mixed performance on Wednesday as investors reacted to cautious Fed comments, a weaker-than-expected U.S. retail sales report and signs of escalating tensions in Europe and the Middle East.

The dollar recovered some ground, after having fallen Tuesday on bets of imminent Federal Reserve rate cuts.

European stocks are somewhat subdued in cautious trades with investors watching the latest political developments in the region and reacting to hawkish Fed comments. Investors await Thursday's monetary policy announcements from Bank of England and the Swiss National Bank

The risk premium on French bonds held steady despite lingering worries about the country's debt path and fiscal situation.

National Rally leader Jordan Bardella said he will not become prime minister if his party doesn't get a resounding victory in France's snap election. Polls indicate Marine Le Pen's party is best placed to become the largest group in the National Assembly, but projections show the party is set to fall short of an outright majority.

In commodities, West Texas Intermediate Crude oil futures are down marginally at $81.51 a barrel.

Gold futures are down $2.70 or 0.12% at $2,344.20 an ounce, while Silver futures are gaining $0.066 or 0.22% at $29.630 an ounce.

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Euro Advances Against Majors

Euro Advances Against Majors

The euro appreciated against its major counterparts in the New York session on Friday.
RTTNews | Před 1 dnem
Swiss Market Ends Slightly Weak

Swiss Market Ends Slightly Weak

Despite spending much of the day's trading session in positive territory, the Switzerland market ended marginally down on Friday with a few key stocks turning weak past mid afternoon. Investors digested inflation data from the European region, and a report on U.S. personal consumption expenditure.
RTTNews | Před 1 dnem
Canadian Stocks Turning In Mixed Performance

Canadian Stocks Turning In Mixed Performance

Canadian stocks are turning in a mixed performance on Friday with investors digesting the nation's GDP data, and the Personal Consumption Expenditure report from the U.S.
RTTNews | Před 1 dnem
U.S. Dollar Slides After PCE Inflation Data

U.S. Dollar Slides After PCE Inflation Data

The U.S. dollar declined against its major counterparts in the New York session on Friday, as PCE inflation data came in line with economist estimates in May.
RTTNews | Před 1 dnem
German Unemployment Rises More Than Forecast

German Unemployment Rises More Than Forecast

Joblessness in German grew more than expected in June and the unemployment rate edged up, preliminary figures from the Federal Labor Agency showed Friday. The seasonally adjusted unemployment grew by 19,000 persons in June following a 25,000 increase in May. Economists had forecast a rise of 15,000.
RTTNews | Před 1 dnem
U.S. Consumer Sentiment Deteriorates Much Less Than Previously Estimated In June

U.S. Consumer Sentiment Deteriorates Much Less Than Previously Estimated In June

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by much less than previously estimated in the month of June. The University of Michigan said the consumer sentiment index for June was upwardly revised to 68.2 from the preliminary reading of 65.6.
RTTNews | Před 1 dnem