Bay Street Likely To Open With Positive Bias

RTTNews | Před 173 dny

(RTTNews) - Canadian shares may open with a positive bias Thursday morning, tracking higher metal prices. Weak crude oil prices could trigger some selling in the energy space and limit market's upside.

U.S. producer price data and jobless claims data are in focus.

Telus Corporation (T.TO) reported fourth-quarter net income of $320 million, compared with net income of $310 million in the year-ago quarter.

Calian Group Inc. (CGY.TO) reported stronger-than-expected adjusted earnings of $10.5 million, or $0.88 per diluted share for the first quarter.

The Canadian market ended weak on Wednesday, as data showing a bigger than expected increase in U.S. consumer price inflation increased speculation the Federal Reserve will leave interest rates on hold for a prolonged period.

Energy stocks tumbled as crude oil prices fell sharply after data showed a sharp increase in U.S. crude inventories. Consumer discretionary and real estate stocks were among the other major losers.

Materials and communications stocks moved higher, pulling out the market from lower levels.

The benchmark S&P/TSX Composite Index ended with a loss of 68.72 points or 0.27% at 25,563.11.

Asian stocks advanced on Thursday after U.S. President Donald Trump said that he had a "lengthy and highly productive phone call" with President Vladimir V. Putin of Russia and that Ukraine's NATO membership is not "practical", raising expectations for an end to the war in Ukraine.

Trump expects to meet Putin in Saudi Arabia for Ukraine peace talks, sparking concerns about Ukraine's exclusion.

European stocks are mostly higher with investors reacting positively to earnings updates, and on optimism about an end to the Ukraine war.

In commodities, West Texas Intermediate Crude oil futures are down $0.99 or 1.39% at $70.38 a barrel.

Gold futures are gaining $17.90 or 0.61% at $2,946.60 an ounce, while Silver futures are up $0.025 or 0.08% at $32.810 an ounce.

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday, although gains in most of the markets were just marginal or modest, as investors stayed somewhat cautious, reacting to a mixed batch of economic data, and assessing the impact of steep U.S. tariffs on the global economy.

RTTNews | Před 12 minutami

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.

RTTNews | Před 2 h 49 min

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.

RTTNews | Před 3 h 35 min

U.S. Trade Deficit Narrows Slightly More Than Expected In June

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday.

RTTNews | Před 4 h 40 min

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.

RTTNews | Před 4 h 43 min