Bay Street Likely To Open On Subdued Note

RTTNews | hace 832

(RTTNews) - Canadian shares are likely to open somewhat subdued on Thursday as weak commodity prices may outweigh optimism over the progress in U.S. debt ceiling talks.

Positive lead from Europe, and higher U.S. futures may aid sentiment and lift the market up a bit.

Canada Goose Holdings Inc. (GOOS.TO) reported net loss of C$ 3.1 million for the fourth quarter of fiscal 2023, compared with net loss of C$9.1 million a year ago. For the first quarter of fiscal 2024, the company anticipates revenue of C$70 million - C$80 million.

Lightspeed Commerce Inc. (LSPD.TO) reported fourth quarter FY23 net loss of $74.5 million, as compared to a net loss of $114.5 million in the year-ago quarter.

On the economic front, Canada's new housing price index reading is due at 8:30 AM ET.

The Canadian market ended modestly higher on Wednesday thanks to strong gains in healthcare and energy sectors. Concerns about inflation and interest rates limited market's upside.

The benchmark S&P/TSX Composite Index, which opened at 20,282.85, soon dropped to 20,158.69, but recovered gradually to eventually end the day's session at 20,296.43, with a gain of 54.36 points or 0.27%.

Asian stocks advanced on Thursday after U.S. President Joe Biden and House Speaker Kevin McCarthy underscored their determination to reach a debt ceiling deal soon. This helped ease fears of a potential U.S. debt default as a June 1 deadline looms.

European stocks are up firmly in positive territory today amid easing fears of a potential U.S. debt default. Concerns have eased as U.S. President Joe Biden and House Speaker Kevin McCarthy have underscored their determination to reach a deal soon.

In commodities, West Texas Intermediate Crude oil futures are down $0.14 or 0.19% at $72.69 a barrel.

Gold futures are down $7.90 or 0.4% at $1,977.00 an ounce, while Silver futures are lower by $0.217 or 0.91% at $23.680 an ounce.

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.

RTTNews | hace 21 minutos

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.

RTTNews | hace 1h 13min

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.

RTTNews | hace 1h 14min

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 | hace 2h 40min

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 | hace 2h 55min

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 | hace 3h 26min

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 | hace 3h 37min

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 | hace 3h 46min

EURUSD	1.16377	GBPUSD	1.35034	AUDUSD	0.65074
USDJPY	147.161	USDCAD	1.37826	USDCHF	0.80175