Bay Street Seen Opening Higher

RTTNews | Před 180 dny

(RTTNews) - Canadian shares may open higher on Thursday, on strong results from Royal Bank of Canada and higher crude oil prices.

Weak bullion prices, and worries about U.S. tariffs may hurt sentiment and limit market's upside.

Royal Bank of Canada (RY.TO) reported net income of C$5.011 billion or C$3.54 per share for the first quarter, higher than C$3.522 billion or C$2.50 per share in the same quarter a year ago, mainly helped by increase in revenue.

Canadian Imperial Bank of Commerce (CM.TO) reported adjusted net income of $2,179 million, or $2.20 per share, for the first-quarter of 2025, compared to $1,770 million, or $1.81 per share in the year-ago quarter.

Toronto-Dominion Bank (TD.TO) reported adjusted net income of $3632 million, or $2.02 per share, for the first-quarter of fiscal year 2025, compared to $3,637 million, or $2.00 per share, in the year-ago quarer.

On the economic front, data on Canada's current account for the fourth quarter, and average weekly earnings for December are due at 8:30 AM ET.

After a marginally positive start and a subsequent rise to higher levels, the Canadian market pared gains and very nearly slipped into negative territory in late afternoon trades on Wednesday, but recovered swiftly and finally ended the day's session on a firm note.

Fairly good earnings updates, and slightly easing worries about U.S.-Ukraine tensions after the two nations agreed on a minerals deal, helped keep investor sentiment a bit positive.

The benchmark S&P/TSX Composite Index closed up 124.38 points or 0.49% at 25,328.36, gaining for a third straight session. The index scaled a low of 25,208.56 and a high of 25,441.73 intraday.

Asian shares ended mixed on Thursday as U.S. President Donald Trump floated a 25 percent "reciprocal" tariff on European cars and other goods and signaled another month-long extension for looming levies on Canada and Mexico.

U.S. Commerce Secretary Howard Lutnick clarified that the "big transaction" would be April 2, but the "fentanyl-related" tariffs would be re-evaluated at the end of the 30-day pause on March 4, stoking uncertainty.

European stocks are broadly higher, although the German market is notably lower due to a sell-off in the automobile sector.

In commodities, West Texas Intermediate Crude oil futures are up $0.70 or 1.02% at 69.32 a barrel.

Gold futures are down $30.20 or 1.03% at $2,900.40, while Silver futures are lower by $0.167 or 0.52% at $32.105.

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.

RTTNews | Před 17 minutami

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | Před 28 minutami

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.

RTTNews | Před 34 minutami

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.

RTTNews | Před 43 minutami

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.

RTTNews | Před 58 minutami

Win Streak May Continue For Taiwan Stock Market

The Taiwan stock market has tracked higher in back-to-back sessions, gathering almost 540 points or 2.2 percent along the way. The Taiwan Stock Exchange now rests just above the 24,300-point plateau and it may add to its winnings again on Wednesday.

RTTNews | Před 1 h 28 min

Singapore Stock Market Expected To Open In The Green

The Singapore stock market on Tuesday snapped the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,240-point plateau although it may move back above water on Wednesday.

RTTNews | Před 1 h 58 min

Malaysia Stock Market Expected To Open To The Upside On Wednesday

The Malaysia stock market on Tuesday wrote a finish to the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau although it's likely to rebound on Wednesday.

RTTNews | Před 2 h 28 min

EURUSD	1.16342	GBPUSD	1.34696	AUDUSD	0.64974
USDJPY	147.614	USDCAD	1.38314	USDCHF	0.80442