Canadian Market Modestly Higher Around Noon

RTTNews | 482 dias atrás

(RTTNews) - The Canadian market is up in positive territory around noon on Thursday, led by gains in industrials, real estate and energy sectors. Investors are largely reacting to quarterly earnings updates, and the undertone is a bit firm thanks to comments from Bank of India Governon Tiff Macklem that the central bank is getting closer to start reducing interest rates.

Fed Chair Jerome Powell's comments that the next rate move from the central bank will most likely be an interest rate reduction also contribute to the positive mood in the market.

The benchmark S&P/TSX Composite Index is up 75.34 points or 0.35% at 21,803.89 a few minutes past noon.

On the economic front, data from Statistics Canada showed Canada recorded a trade deficit of C$ 2.28 billion in March. Exports dropped to C$ 62.56 billion, while imports decreased to C$ 64.84 billion in the month.

Thomson Reuters (TRI.TO) is up 5.8% after reporting an operating profit of US$ 556 million for the first quarter ended March 2o24, compared to US$ 508 million in the year-ago quarter.

GFL Environmental (GFL.TO) is rising 6.7%. Bombardier Inc (BBD.A.TO), Cameco Corporation (CCO.TO), CGI Inc (GIB.A.TO) and Stantec (STN.TO) are gaining 2.5 to 3%.

Shopify Inc (SHOP.TO), Morguard Corporation (MRC.TO), FirstService Corporation (FSV.TO), TFI International (TFII.TO), WSP Global (WSP.TO) and George Weston (WN.TO) are up 1 to 1.8%.

Colliers International Group (CIGI.TO) is down 1.2%. The company reported first-quarter adjusted earnings of US$37.5 million, or US$0.77 per share, down from US$40.6 million, or US$0.86 per share, a year earlier.

Bausch Health Companies (BHC.TO) is plunging 9% despite reporting higher earnings. The company reported first-quarter revenue of $2.15 billion, compared with $1.94 billion in the first quarter of 2023, an increase of $209 million, or 11%.

Maple Leaf Foods Inc. (MFI.TO) is down 5% despite reporting turnaround results. The company reported first-quarter net earnings of $51.6 million ($0.42 per basic share) compared to a loss of $57.7 million ($0.48 loss per basic share) last year.

Canadian Natural Resources (CNQ.TO) reported adjusted net earnings of $1,474 million for the quarter ended March 2024, compared to adjusted net earnings of $1,881 million in the year-ago quarter. The stock is down marginally.

BCE Inc (BCE.TO) is down 2.2%. The company reported first-quarter net earnings of $457 million, compared to $788 million in the year-ago quarter.

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | 31 minutos atrás

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.

RTTNews | 46 minutos atrás

Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect

Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.

RTTNews | 1h 17min atrás

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.

RTTNews | 1h 28min atrás

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.

RTTNews | 1h 37min atrás

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.

RTTNews | 1h 45min atrás

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | 1h 53min atrás

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,935-point plateau and it may add to its winnings on Thursday.

RTTNews | 2h 15min atrás

EURUSD	1.16452	GBPUSD	1.35097	AUDUSD	0.65144
USDJPY	147.134	USDCAD	1.37763	USDCHF	0.8013