Bay Street Likely To Open Higher

RTTNews | vor 479 Tagen

(RTTNews) - Canadian shares look headed for a positive start Friday morning, tracking firm crude oil prices and gains in European markets. Encouraging earnings updates from Apple Inc., is also likely to aid sentiment.

Investors will also be reacting to a slew of earnings updates from Canadian and U.S. companies, and U.S. non-farm payroll data for April.

TC Energy Corp (TRP.TO) reported first-quarter net income of $1.2 billion or $1.16 per common share compared to $1.3 billion or $1.29 per common share in first quarter 2023 TransAlta Corporation (TA.TO) reported net earnings of $222 million for the first quarter of 2024, compared to $294 million for the same period in 2023.

Brookfield Business Partners (BBU.UN.TO) reported net income of $48 million for the three months ended March 31, 2024, compared to net income of $74 million in the prior period.

On the economic front, data on manufacturing and service sector acitivty in Canada for the month of April is due at 9:30 AM ET.

The Canadian market edged higher on Thursday, as comments from Bank of India Governor Tiff Macklem that the central bank is getting closer to start reducing interest rates aided sentiment.

Fed Chair Jerome Powell's comments that the next rate move from the central bank will most likely be an interest rate reduction also contributed to the positive mood in the market.

The benchmark S&P/TSX Composite Index, which climbed to 21,889.26, rising more than 200 points from an early low, ended the session with a gain of 94.67 points or 0.44% at 21,823.22.

Asian stocks rose broadly on Friday, with tech shares leading the charge following Apple's quarterly earnings beat and massive buyback program. Regional trading volumes were thin due to market holidays in mainland China and Japan.

European stocks are up in positive territory, buoyed by comments from European Central Bank policymaker Yannis Stournaras that he sees three rate cuts in 2024.

A slew of encouraging earnings updates and signs of improvement in U.K. services growth also help underpin investor sentiment.

In commodities, West Texas Intermediate Crude oil futures are up $0.49 or 0.62% at $79.44 a barrel.

Gold futures are down $3.70 or 0.17% at $2,305.90 an ounce, while Silver futures are lower by $0.159 or 0.59% at $26.670 an ounce.

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 | vor 12 Minuten

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 | vor 28 Minuten

RBA Minutes On Tap For Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its August 12 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.

RTTNews | vor 1Std 28 Minuten

U.S. Dollar Climbs Against Majors

The U.S. dollar strengthened against its major counterparts in the New York session on Monday.

RTTNews | vor 2Std 40 Minuten

Swiss Market Ends Moderately Lower

After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved slightly above the flat line in late afternoon trades on Monday, but quickly tumbled again to eventually settle on a weak note.

RTTNews | vor 5Std 26 Minuten

European Markets Close Weak After Cautious Session

European stocks closed on a weak note on Monday after a cautious session as investors awaited key inflation data from major economies in the region, and looked for more details about U.S. - EU trade deal.

RTTNews | vor 5Std 46 Minuten

Canadian Market Down More Than 0.5% On Profit Taking

After opening slightly down, the Canadian market slipped deeper into the red on Monday, weighed down by losses in healthcare, consumer staples, utilities and materials sectors.

RTTNews | vor 6Std 26 Minuten

U.S. New Home Sales Pull Back From Upwardly Revised Level In July

New home sales in the U.S. decreased from an upwardly revised level in the month of July, according to a report released by the Commerce Department on Monday. The Commerce Department said new home sales fell by 0.6 percent to an annual rate of 652,000 in July after surging by 4.1 percent to an upwardly revised rate of 656,000 in June.

RTTNews | vor 8Std 10 Minuten

EURUSD	1.16147	GBPUSD	1.3451	AUDUSD	0.64801
USDJPY	147.809	USDCAD	1.38608	USDCHF	0.80627