Bay Street Seen Opening On Slightly Volatile Note

RTTNews | Před 1125 dny

(RTTNews) - Lower U.S. and Canadian stock futures, and rising commodity prices point to a slightly volatile start for the Canadian market on Thursday.

US GDP data is likely to make an impact on price movements. Investors will be reacting to a slew of earnings announcements from Canadian companies, and looking ahead to Canadian GDP data, due on Friday.

In company news, the Board of Directors of Canadian Pacific Railway Limited (CP.TO) Wednesday declared a quarterly dividend of $0.19 per share on the outstanding Common Shares.

TC Energy Corporation (TRP.TO) today announced that its Board of Directors declared a quarterly dividend of $0.90 per common share for the quarter ending Sep. 30, 2022, on the Company's outstanding common shares.

Cenovus Energy (CVE.TO) reported second-quarter net earnings of $2.43 billion, compared to $1.63 billion in the year-ago quarter.

Fortis Inc. (FTS.TO) reported adjusted net earnings of $0.57 per common share for the second quarter of the current financial year, up from $0.55 in the second quarter of 2021.

Whitecap Resources (WCP.TO) reported net income of $380.7 million for the quarter ended June 30, 2022, compared with $18.56 million in the year-ago quarter.

ATCO Ltd. (ACO.X.TO) today announced second quarter 2022 adjusted earnings of $92 million ($0.81 per share), compared with $80 million ($0.70 per share) in the second quarter of 2021.

The Canadian market ended on a firm note on Wednesday, tracking U.S. stocks, after Fed Chair Jerome Powell said he does not think the U.S. is currently in a recession and added that the central bank will likely slow rate increases at some point.

Fairly good earnings updates from Google parent Alphabet, and software giant Microsoft lifted Nasdaq today, and triggered some strong buying in the tech space in the Canadian market as well.

The benchmark S&P/TSX Composite Index ended with a gain of 281.88 points or 1.49% at 19,254.56, after touching a high of 19,315.46.

Asian stocks advanced on Thursday after the U.S. Federal Reserve announced a 75 basis point rate hike, as widely expected, and indicated that it may be appropriate to slow the pace of increases going forward. The Fed said policy will be set meeting-by-meeting amid signs of an economic slowdown.

European stocks are turning in a mixed performance with investors reacting to a slew of earnings updates and less-hawkish-than-feared messaging from Fed Chair Jerome Powell.

In commodities trading, West Texas Intermediate Crude oil futures are up $2.36 or 2.43% at $99.62 a barrel.

Gold futures are gaining $18.70 or 1.1% at $1,737.70 an ounce, while Silver futures are up $0.745 or 4.01% at $19.345 an ounce.

Australia Inflation Accelerates To 1-Year High

Australia's consumer price inflation accelerated more than expected to a one-year high in July, indicating a more gradual approach to monetary policy easing. The CPI indicator advanced 2.8 percent year-on-year in July, following June's 1.9 percent rise, the Australian Bureau of Statistics reported. This was the strongest since July 2024.

RTTNews | Před 1 h 3 min

European Economic News Preview: German GfK Consumer Confidence Due

Consumer sentiment survey data from Germany is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the market research group GfK publishes Germany's monthly consumer confidence survey results. The consumer sentiment indicator is forecast to fall to -22 in September from -21.5 in August.

RTTNews | Před 1 h 38 min

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves 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 across most sectors led by mining and financial stocks.

RTTNews | Před 2 h 27 min

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation, which could impact the outlook for interest rates.

RTTNews | Před 2 h 31 min

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.

RTTNews | Před 3 h 58 min

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 4 h 16 min

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 4 h 28 min

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 4 h 34 min

EURUSD	1.16205	GBPUSD	1.34558	AUDUSD	0.64859
USDJPY	147.81	USDCAD	1.38406	USDCHF	0.80506