Bay Street Looks Headed For Positive Start

RTTNews | Před 25 dny

(RTTNews) - Canadian shares look headed for a positive start Thursday morning, with investor sentiment getting a boost thanks to strong results from US tech majors Meta Platforms and Microsoft.

Data from Statistics Canada showed Canada's GDP increased to 0.1% in June from -0.1% in May, according to preliminary estimates.

Average weekly earnings in Canada increased 3.3% in May over the same month in the previous year, a separate report from Statistics Canada showed.

In Canadian earnings news, Gildan Activewear Inc. (GIL.TO) reported a 6.5% surge in second quarter revenues. On an adjusted basis, earnings were $145.9 million or $0.97 per share, up from $124.7 million or $0.74 per share a year ago.

Bombardier Inc. (BBD.B.TO) Thursday reported net income from continuing operations of $193 million or $1.87 per share for the second quarter, significantly higher than $19 million or $0.12 per share in the same quarter a year ago.

Cenovus Energy (CVE.TO) reported earnings per share of $0.45 for the second quarter, compared to $0.53 in the year-ago quarter. However, EPS in the latest quarter came in stronger than the expected $0.31.

The Canadian market ended notably lower on Wednesday on concerns about a lack of progress in US-Canada trade talks.

The benchmark S&P/TSX Composite Index, which climbed to 27,581.23, failed to hold gains and settled at 27,369.96, down by 169.92 points or 0.62%.

Asian stocks ended mostly lower on Thursday, with the Federal Reserve's interest-rate decision, tech earnings, U.S. President Donald Trump's tariff threats and Chinese data in focus.

Japanese markets outperformed as the Bank of Japan held interest rates steady and offered a cautiously optimistic view on the economic outlook.

European stocks have mostly pared early gains today with investors reacting to a slew of earnings announcements, and the latest batch of crucial economic data. The UK market is outperforming the other major markets, with the FTSE 100 rising more than 0.5%.

In commodities trading, West Texas Intermediate Crude oil futures are down $0.49 or 0.7% at $69.51 a barrel.

Gold futures are gaining $4.30 or 0.13% at $3,357.10 an ounce, while Silver futures are down $1.064 or 2.82% at $36.675 an ounce.

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | Před 16 minutami

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | Před 46 minutami

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | Před 1 h 1 min

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | Před 1 h 16 min