Bay Street Likely To Open On Mixed Note

RTTNews | Před 412 dny

(RTTNews) - Canadian shares are likely to open on a mixed note Wednesday morning, reacting to corporate earnings updates and key economic data from the U.S. Energy stocks may move up on firm crude oil prices.

Ivanhoe Mines Ltd. (IVN.TO) reported a net profit of $108 million for the third-quarter of 2024, compared with $67 million in the second-quarter.

Capital Power Corporation (CPX.TO) reported net income of $178 million for the quarter ended September 30, 2024, compared with $272 million in the year-ago quarter.

Secure Energy Services (SES.TO) reported a net income of $94 million for the third-quarter this year, compared with $47 million in the year-ago quarter.

Methanex Corporation (MX.TO) announced today the successful syndication of acquisition financing to support the earlier announced agreement to acquire OCI Global's international methanol business for $2.05 billion.

After a weak start and a subsequent modest upmove, the Canadian market retreated Tuesday morning and spent the rest of the day's session in negative territory as investors digested quarterly earnings updates from Canadian and U.S. companies and awaited some crucial economic data for directional cues.

The benchmark S&P/TSX Composite Index ended down 3.11 points or 0.01% at 24,562.55. The index touched a low of 24,461.86 and a high of 24,591.36 intraday.

Asian stocks ended broadly lower on Wednesday, as earnings from Google parent Alphabet and chipmaker AMD proved to be a mixed bag and the European Union announced the imposition of additional tariffs on electric vehicles imported from China, prompting an angry response from Beijing.

Caution ahead of key U.S. economic data due this week and next week's presidential election also kept investors on the sidelines.

European stocks are notably lower with investors digesting the latest batch of earnings announcements and economic data, and looking ahead to the U.K. government's budget.

In commodities, West Texas Intermediate crude oil futures are up $0.84 or 1.23% at $68.05 a barrel.

Gold futures are up $7.80 or 0.28% at $2,788.90 an ounce, while Silver futures are down $0.296 or 0.86% at $34.145 an ounce.

Thai Stock Market May Extend Tuesday's Losses

The Thai stock market on Tuesday ended the two-day winning streak in which it had climbed almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,260-point plateau and it may take further damage on Wednesday.

RTTNews | Před 1 h 26 min

U.S. Dollar Drops Against Most Majors

The U.S. dollar dropped against its most major counterparts in the New York session on Tuesday.

RTTNews | Před 1 h 26 min

Indonesia Shares Expected To Remain Rangebound

The Indonesia stock market has alternated between positive and negative finishes through the last 10 trading days since the end of the two-day winning streak in which it had picked up almost 110 points or 1.3 percent. The Jakarta Composite Index now sits just beneath the 8,690-point plateau although it's likely to hand back those gains on Wednesday.

RTTNews | Před 1 h 56 min

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Wednesday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 49,300 level, with weakness in exporters and a mixed performance across most other sectors.

RTTNews | Před 2 h 8 min

Mild Upside Seen For Hong Kong Stock Market

The Hong Kong stock market has finished lower in two straight sessions, sinking more than 740 points or 2.8 percent along the way. The Hang Seng Index now sits just above the 25,230-point plateau although it may tick higher on Wednesday.

RTTNews | Před 2 h 11 min

China Bourse May Test Support At 3,800 Points

The China stock market has moved lower in back-to-back sessions, sinking almost 65 points or 1.7 percent along the way. The Shanghai Composite Index now sits just beneath the 3,825-point plateau and it's expected to open to the downside on Wednesday.

RTTNews | Před 2 h 26 min

Australian Market Modestly Lower

Australian shares are trading modestly lower on Wednesday, adding to the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 falling well below the 8,600 level, with weakness in financial and energy stocks partially offset by gains in gold mining stocks.

RTTNews | Před 2 h 29 min

Taiwan Shares May Find Traction On Wednesday

The Taiwan stock market has finished lower in two straight sessions, sinking more than 660 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just above the 27,530-point plateau although it may stop the bleeding on Wednesday.

RTTNews | Před 2 h 56 min

EURUSD	1.17405	GBPUSD	1.34102	AUDUSD	0.66262
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