Bay Street May Open With Slightly Negative Bias

RTTNews | Před 552 dny

(RTTNews) - Canadian shares may open with a slightly negative bias on Friday due to weak crude oil prices. Gold stocks may edged higher on steay bullion prices. Activity is most likely to be stock specific with quarterly earnings updates providing some direction.

Onex Corporation (ONEX.TO) reported net earnings of $373 million, or $4.81 per diluted share, for the quarter ended December 2023, compared to net earnings of $435 million, or $5.32 per share, in the corresponding quarter of the previous year.

Lundin Gold Inc (LUG.TO) reported fourth quarter 2023 net income of $11.06 million, as against a net loss of $68.3 million in the year-ago quarter.

TransAlta Corp (TA.TO) reported net loss of $84 million in the fourth quarter of 2023, significantly down from a net loss of $163 million a year ago.

Docebo Inc (DCBO.TO) reported fourth-quarter net income of $3.2 million, or $0.10 per share, compared to net income of $1.6 million, or $0.05 per share in the year-ago quarter.

Jamieson Wellness Inc (JWEL.TO) reported a 5.4% jump in adjusted net earnings at $15.0 million in the fourth quarter ended December 2023, as a result of higher revenue and gross profit. The Canadian market ended on a firm note on Thursday, led by gains in technology, healthcare, industrials and consumer staples sectors.

Strong fourth quarter results and upbeat revenue guidance from U.S. chipmaker NVIDIA buoyed up technology stocks.

The benchmark S&P/TSX Composite Index, which opened with a positive gap of nearly 90 points at 21,259.99 and advanced to 21,365.35, ended the day's session with a gain of 145.70 points or 0.69% at 21,318.08.

Asian stocks rose broadly in thin trade on Friday, with Japanese markets closed for a public holiday. While a rally on Wall Street to record closing highs boosted sentiment, potential gains were capped by heightened geopolitical tensions, hawkish comments from a Federal Reserve official and signs that China's real-estate downturn is getting worse.

European stocks are turning in a mixed performance with investors reacting to hawkish comments from a Fed official, and digesting earnings news and regional economic data. Standard Chartered shares are soaring after the lender reported an 18% surge in pre-tax profits.

In commodities, West Texas Intermediate Crude oil futures are down $1.17 or 1.49% at $77.44 a barrel.

Gold futures are up $5.70 or 0.28% at $2,036.40 an ounce, while Silver futures are up $0.019 or 0.08% at $22.765 an ounce.

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.

RTTNews | Před 10 minutami

Sensex, Nifty Seen Tad Higher At Open As IIP Growth Recovers

Indian shares may open on a positive note on Friday after official data showed India's industrial output production expanded at the fastest pace in four months in July.

RTTNews | Před 44 minutami

Thai Stock Market Tipped To Open In The Green

The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.

RTTNews | Před 1 h 16 min

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.

RTTNews | Před 1 h 33 min

Additional Support Predicted For Indonesia Shares

The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.

RTTNews | Před 1 h 46 min

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.

RTTNews | Před 1 h 55 min

Hong Kong Shares May Stop The Bleeding On Friday

The Hong Kong stock market has finished lower in three straight sessions, tumbling almost 830 points or 3.3 percent along the way. The Hang Seng Index now rests just beneath the 25,000-point plateau although it may find traction on Friday.

RTTNews | Před 2 h 1 min

Higher Open Called For China Stock Market

The China stock market on Thursday snapped the two-day losing streak in which it had stumbled more than 80 points or 2.1 percent. The Shanghai Composite Index now sits just above the 3,840-point plateau and it's expected to see additional support on Friday.

RTTNews | Před 2 h 16 min

EURUSD	1.16602	GBPUSD	1.3496	AUDUSD	0.65345
USDJPY	146.96	USDCAD	1.37567	USDCHF	0.80288