Bay Street Likely To Open On Mixed Note

RTTNews | Před 718 dny

(RTTNews) - Canadian shares are likely to see a mixed start on Thursday with investors reacting to earnings updates from major banks, and upbeat results from U.S. chipmaker Nvidia.

In Canadian earnings news, Royal Bank of Canada (RY.TO) reported net income of $3.9 billion for the quarter ended July 31, 2023, up $295 million or 8% from the prior year. The bank reported adjusted net income and adjusted EPS of $4.0 billion and $2.84, respectively, both up 11% from the prior year.

Toronto-Dominion Bank (TD.TO) reported adjusted net income $3,731 million for the third quarter, compared with $3,813 million a year ago. The bank also announced that it intends to launch a new issuer bid to repurchase up to 90 million shares, representing around 4.9% of the 1.827 billion shares issued and outstanding as of July 31.

On the economic front, data on Canadian manufacturing sales for the month of July is due at 8:30 AM ET.

U.S. chipmaker NVIDIA Corporation (NVDA) announced after trading hours on Wednesday that its bottom line totaled $6.19 billion, or $2.48 per share. This compares with $0.66 billion, or $0.26 per share, in last year's second quarter. Excluding items, NVIDIA Corporation reported adjusted earnings of $6.74 billion or $2.70 per share for the period.

The Canadian market ended on a firm note on Wednesday, aided by strong gains in technology, materials, financials and real estate stocks.

The benchmark S&P/TSX Composite Index ended with a gain of 188.58 points or 0.96% at 19,879.79, after scaling a low of 19,713.51 and 19,907.28 intraday.

Asian stocks ended mostly higher on Thursday as bond yields retreated from recent highs on the back of August PMI data signaling weaker economic activity in Asia, Europe and the U.S.

Blockbuster earnings and a bullish outlook from Nvidia also offered some support as investors looked ahead to the Federal Reserve's upcoming Jackson Hole symposium.

After opening on a firm note, European stocks are paring gains today, and are currently up marginally. A drop in bond yields, and expectations of a pause in interest rate hikes lifted stock prices earlier in the day.

In commodities, West Texas Intermediate Crude oil futures are down marginally at $78.84 a barrel.

Gold futures are down $5.90 or 0.31% at $1,942.20 an ounce, while Silver futures are down $0.162 0r 0.65% at $24.230 an ounce.

European Shares Seen Opening Up On US-China Trade Truce

European stocks may open higher on Tuesday as the United States and China agreed to extend their tariff truce for another 90 days.

RTTNews | Před 12 minutami

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and economic confidence from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics publishes UK unemployment data. The jobless rate is forecast to remain unchanged at 4.7 percent in the second quarter. At 3.00 am ET, retail sales figures are due from Turkey.

RTTNews | Před 27 minutami

Sensex, Nifty Slightly Higher In Early Trade

Indian shares were slightly higher on Tuesday despite mixed cues from global markets.

RTTNews | Před 1 h 16 min

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks partially offset by weakness in mining and technology stocks.

RTTNews | Před 2 h 3 min

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.

RTTNews | Před 2 h 42 min

Sensex, Nifty Set For Muted Open On Mixed Global Cues

Indian shares are seen opening flat to slightly lower on Tuesday after rising sharply in the previous session as the announcement of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets.

RTTNews | Před 3 h 13 min

Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.

RTTNews | Před 4 h 7 min

Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | Před 4 h 15 min

EURUSD	1.16148	GBPUSD	1.34253	AUDUSD	0.6502
USDJPY	148.246	USDCAD	1.3778	USDCHF	0.811