Bay Street Likely To Open On Positive Note

RTTNews | vor 841 Tagen

(RTTNews) - Data showing a drop in U.S. consumer price inflation, higher crude oil and gold prices, and positive lead from European markets point to a firm start for the Canadian market on Thursday.

Data from Labor Department showed a modest decrease in U.S. consumer prices in the month of December.

The Labor Department said its consumer price index edged down by 0.1% in December after inching up by 0.1% in November. Economists had expected consumer prices to come in unchanged.

The report also showed the annual rate of consumer price growth slowed to 6.5% in December from 7.1% in November, in line with expectations. The annual growth was the slowest since October 2021.

The annual rate of core price growth slowed to 5.7% in December from 6.0 percent in November. The year-over-year growth was also in line with expectations.

In Canadian company news, Organigram Holdings Inc. (OGI.TO) reported first-quarter net revenue of $43.3 million, up 43% from $30.4 million in the same prior-year period.

The Canadian market ended on a firm note on Wednesday, riding on gains in real estate, healthcare, utilities, consumer discretionary and industrials sectors.

The benchmark S&P/TSX Composite Index, which rose to 20,038.26 at the start, but dropped to 19,910.30 around mid morning, ended the session with a gain of 126.19 points or 0.63% at 20,025.05.

Asian stocks pared early gains and ended on a muted note on Thursday as investors awaited U.S. inflation data for December later in the day that might show price pressures eased from the previous month.

European stocks are up firmly in positive territory Thursday afternoon with investors digesting the latest batch of economic data from the region, and reacting to U.S. inflation data and jobless claims report.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.99 or 1.28% at $78.40 a barrel.

Gold futures are gaining $13.50 or 0.71% at $1,892.40 an ounce, while Silver futures are up $0.444 or 1.89% at $23.925 an ounce.

Swiss Market Ends On Bright Note

The Switzerland market closed on a strong note on Friday, mirroring the trend in markets across Europe and elsewhere, as worries about trade tensions eased after China stated its willingness to hold talks with the U.S.

RTTNews | vor 2Std 19 Minuten

European Stocks Close On Buoyant Note

European stocks closed higher on Friday, with the major markets in the region posting strong gains, amid easing concerns about U.S-China trade relations, and on upbeat U.S. non-farm payroll data.

RTTNews | vor 2Std 41 Minuten

Canadian Market Up Firmly In Positive Territory

The Canadian market is up firmly in positive territory a little past noon on Friday, amid easing concerns about U.S.-China trade tensions following China expressing willingness to hold tariff talks with the United States. Data showing a much higher than expected increase in U.S. non-farm payroll growth in the month of April is also aiding sentiment.

RTTNews | vor 3Std 38 Minuten

U.S. Factory Orders Spike Slightly Less Than Expected In March

The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.

RTTNews | vor 5Std 36 Minuten

U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs.

RTTNews | vor 6Std 30 Minuten

Eurozone Inflation Remains Stable At 2.2%

Euro area annual inflation remained stable in April near the European Central Bank's 2 percent target, but the trade tariff uncertainty clouds the outlook. The harmonized index of consumer prices grew 2.2 percent on a yearly basis in April, the same pace of increase as seen in March, flash data from Eurostat showed on Friday. Prices were expected to climb at a slower pace of 2.1 percent.

RTTNews | vor 6Std 54 Minuten

Eurozone Manufacturing Activity Shrinks At Slower Pace

Euro area factory activity contracted at a slower pace in April as production grew at the fastest pace in more than three years, final data of the purchasing managers' survey by S&P Global showed Friday. The HCOB manufacturing Purchasing Managers' Index rose to a 32-month high of 49.0 in April from 48.6 in March. The score was also above the flash estimate of 48.7.

RTTNews | vor 7Std 6 Minuten

Bay Street May Open Higher

The Canadian market is likely to open on a positive note on Friday, tracking firm European stocks amid easing concerns over U.S.-China trade tensions after Beijing stated its willingness to engage in tariff negotiations with the United States.

RTTNews | vor 7Std 9 Minuten

EURUSD	1.13037	GBPUSD	1.32767	AUDUSD	0.64436
USDJPY	144.966	USDCAD	1.38103	USDCHF	0.8268

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Bay Street Likely To Open On Positive Note