Bay Street Likely To Open Higher

RTTNews | vor 1120 Tagen

(RTTNews) - Higher index futures and firm crude oil prices indicate a positive start for Canadian shares on Wednesday. Investors will be reacting to a slew of quarterly earnings announcements.

The mood is likely to remain a bit cautious at times with investors looking ahead to the upcoming U.S. jobs data for the month of July, due later in the week.

In earnings news, Colliers International Group Inc. (CIGI.TO) reported revenues of $1.13 billion for the quarter ended June 30, 2022, up 19% over the year-ago quarter.

Endeavour Mining Plc (EDV.TO) reported adjusted net earnings of $111 million for the quarter ended June 30, 2022, compared with $134 million in the previous quarter.

Boralex Ltd. (BLX.TO) announced that it posted net earnings of $14 million for the quarter ended June 2022, as against net loss of $12 million for the corresponding period in 2021.

Nuvista Energy (NVA.TO) reported net earnings of $178 million for the April - June 2022 quarter, as against net loss of about $11 million in the year-ago quarter.

The Canadian market ended notably lower on Tuesday, led by sharp losses in materials and energy sectors. There were gains for technology and healthcare stocks, but the market remained in negative territory right through the day's session.

Worries about slowing global growth, and tensions between the U.S. and China due to U.S. House Speaker Nancy Pelosi's trip to Taiwan weighed on the market. The benchmark S&P/TSX Composite Index ended with a loss of 187.59 points or 0.95% at 19,505.33, near the day's low of 19,486.68.

Asian stocks turned in a mixed performance on Wednesday after a private survey showed China's services sector grew at a faster clip in July from the previous month as a result of easing COVID-19 curbs. The mood was cautious after U.S. House Speaker Nancy Pelosi's visit to Taiwan triggered a strong reaction from China.

After opening weak, European stocks are modestly higher in cautious trade today with investors weighing the possible impact of U.S.-China tensions on global economy. Markets have shrugged off the latest survey results suggesting that Eurozone business activity contracted in July amid a downturn in the manufacturing sector and slowing in the service economy.

In commodities trading, West Texas Intermediate Crude oil futures are up $1.40 or 1.47% at $95.82 a barrel.

Gold futures are down $8.30 or 0.45% at $1,781.40 an ounce, while Silver futures are down $0.114 or 0.57% at $20.025 an ounce.

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | vor 1Std 17 Minuten

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.

RTTNews | vor 1Std 32 Minuten

Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect

Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.

RTTNews | vor 2Std 3 Minuten

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.

RTTNews | vor 2Std 15 Minuten

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.

RTTNews | vor 2Std 23 Minuten

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.

RTTNews | vor 2Std 32 Minuten

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | vor 2Std 40 Minuten

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of 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 7,935-point plateau and it may add to its winnings on Thursday.

RTTNews | vor 3Std 2 Minuten

EURUSD	1.16413	GBPUSD	1.35072	AUDUSD	0.65132
USDJPY	147.128	USDCAD	1.37781	USDCHF	0.80146