(RTTNews.com) - The Canadian stock market has not strayed very far from the flat line in early trade Friday. There has been precious little market moving news at the end of the trading week. Commodity prices are also relatively flat this morning.
The majority of the European markets are trading slightly to the downside Friday. With few catalysts to drive trading action, the markets have been stuck in a sideways pattern.
Markets on Wall Street are little changed in early trade Friday. Traders appear reluctant to make significant moves amid uncertainty about the second round of trade talks between the U.S. and China. The lack of U.S. economic data is also keeping some investors on the sidelines.
The benchmark S&P/TSX Composite Index is up 0.90 points or 0.01 percent at 16,144.45.
On Thursday, the index closed up 35.49 points or 0.22 percent, at 16,143.55. The index scaled an intraday high of 16,179.45 and a low of 16,117.52.
The Capped Healthcare Index is higher by 2.64 percent. Valeant Pharmaceuticals International (VRX.TO) is climbing 1.71 percent and Concordia International (CXR.TO) is rising 2.67 percent.
The Capped Information Technology Index is gaining 0.85 percent. BlackBerry (BB.TO) is increasing 0.74 percent and Constellation Software (CSU.TO) is adding 0.50 percent. Descartes Systems Group (DSG.TO) is up 0.72 percent and Sierra Wireless (SW.TO) is gaining 0.13 percent.
The Gold Index is increasing 0.21 percent. Gold prices are slightly lower yet again Friday morning, having dropped to the lowest level since December 2017.
IAMGOLD (IMG.TO) is up 1.05 percent and Yamana Gold (YRI.TO) is adding 0.42 percent. Eldorado Gold (ELD.TO) is climbing 2.76 percent.
Detour Gold Corp.(DGC.TO) said P Martin will retire as President And CEO on June 1. The stock is advancing 1.49 percent.
The Energy Index is rising 0.03 percent. Crude oil prices are little changed Friday morning, holding strong recent gains amid speculation OPEC supplies are dwindling.
Husky Energy (HSE.TO) is up 1.25 percent and Imperial Oil (IMO.TO) is higher by 0.45 percent. Canadian Natural Resources (CNQ.TO) is rising 0.31 percent.
The heavyweight Financial Index is decreasing 0.27 percent. Canadian Imperial Bank of Commerce (CM.TO) is down 0.27 percent and Bank of Nova Scotia (BNS.TO) is lower by 0.72 percent. Royal Bank of Canada (RY.TO) is losing 0.63 percent and Toronto-Dominion Bank (TD.TO) is falling 0.40 percent. Bank of Montreal (BMO.TO) is weakening by 0.44 percent.
On the economic front, data from Statistics Canada showed that consumer prices climbed 0.1 percent on a seasonally adjusted monthly basis in April, the same rate of increase as seen in March.
Economists had expected the index to rise by 0.3 percent.
On year, the consumer price index rose 2.2 percent in April, following a 2.3 percent increase in March.
Separate data showed that core retail sales fell 0.2 percent following a flat reading in February.
Core retail sales have been expected to climb by 0.5 percent.
Meanwhile, the retail sales rose 0.6 percent in March after climbing 0.5 percent in the previous month.
Economists had expected sales to rise by 0.3 percent.
Eurozone trade surplus increased in March from a month earlier, as exports grew faster than imports, data from Eurostat showed Friday. The seasonally adjusted trade surplus rose to EUR 21.2 billion in March from EUR 20.9 billion in February.
The euro area current account surplus declined for the second straight month in March to the lowest level in nine months, the European Central Bank reported Friday. The current account surplus fell to a seasonally adjusted EUR 32.0 billion in March from EUR 36.8 billion in February.
Germany's consumer price inflation accelerated unexpectedly in April, though marginally, data from Destatis showed Friday. Producer price inflation rose to 2.0 percent in April from 1.9 percent in March. Meanwhile, the rate was forecast to slow to 1.8 percent.
Germany's wholesale price inflation accelerated in April after remaining stable in the previous month, data from Destatis showed Friday. Wholesale prices climbed 1.4 percent year-over-year in April, faster than March's 1.2 percent increase.
In commodities, crude oil futures for June delivery are down 0.25 or 0.35 percent at $71.24 a barrel.
Natural gas for June is down 0.01 or 0.35 percent at $2.849 per million btu.
Gold futures for June are down 1.60 or 0.12 percent at $1,287.80 an ounce.
Silver for July is down 0.081 or 0.49 percent at $16.40 an ounce.
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