Bay Street Likely To Open On Subdued Note

RTTNews | 109 days ago
Bay Street Likely To Open On Subdued Note

(RTTNews) - Canadian shares are likely to open on a subdued note Monday morning with investors looking for directional clues. Trading volumes are likely to be thin as the U.S. market is closed today for Martin Luther King, Jr. Day holiday.

The focus will be on Donald Trump's swearing-in as President of the U.S., and his speech. Some of Trump's major policy announcements could thrust businesses into considerable uncertainty.

The Canadian market ended notably higher on Friday, extending gains to a fourth straight session, amid renewed optimism about the outlook for U.S. interest rates following the inflation data released over the past few days.

The S&P/TSX Composite Index, which remained firmly positive right through the day's session, jumped 221.72 points or 0.9% to 25,067.92.

Asian stocks closed mostly higher on Monday, tracking Friday's gains on Wall Street amid interest-rate cut optimism. However, gains were limited due to a holiday in the U.S. and amid caution ahead of U.S. President-elect Donald Trump's inauguration later in the day.

European stocks are drifting down a bit after seeing a slight upside early on in the session. The mood remains cautious with investors awaiting Trump's inauguration.

In commodities, West Texas Intermediate Crude oil futures are up $0.22 or 0.28% at $78.10 a barrel.

Gold futures are down slightly at $2,748.40 an ounce, while Silver futures are lower by $0.066 or 0.21% at $31.075 an ounce.

read more
China Exports Growth Beats Expectations; Imports Drop At Slower Pace

China Exports Growth Beats Expectations; Imports Drop At Slower Pace

China's exports grew more than expected in April despite the sharp contraction in shipments to the United States following the trade tariff hikes, while imports decreased at a meager pace, official data revealed on Friday. Exports advanced 8.1 percent on a yearly basis in April, customs data showed. While the growth rate slowed from 12.4 percent in March.
RTTNews | 1h 4min ago
NZ Dollar Falls After China Trade Data

NZ Dollar Falls After China Trade Data

The New Zealand dollar weakened against other major currencies in the Asian session on Friday, as China's most recent trade figures indicated a slowing down of outside demand.
RTTNews | 1h 21min ago
NZ Dollar Falls Against Majors

NZ Dollar Falls Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
RTTNews | 1h 53min ago
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Friday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,200 level, with gains in technology and energy stocks partially offset by weakness in mining stocks.
RTTNews | 4h 2min ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, amid easing concerns about the ongoing trade war after US President Donald Trump unveiled the framework of a trade agreement with the U.K. The Japanese markets are leading regional gains amid hopes that the country will reach a trade agreement with the U.S. in June.
RTTNews | 5h 34min ago