Bay Street Likely To Open With Positive Bias

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(RTTNews) - Canadian shares may open with a positive bias Thursday morning, tracking higher metal prices. Weak crude oil prices could trigger some selling in the energy space and limit market's upside.

U.S. producer price data and jobless claims data are in focus.

Telus Corporation (T.TO) reported fourth-quarter net income of $320 million, compared with net income of $310 million in the year-ago quarter.

Calian Group Inc. (CGY.TO) reported stronger-than-expected adjusted earnings of $10.5 million, or $0.88 per diluted share for the first quarter.

The Canadian market ended weak on Wednesday, as data showing a bigger than expected increase in U.S. consumer price inflation increased speculation the Federal Reserve will leave interest rates on hold for a prolonged period.

Energy stocks tumbled as crude oil prices fell sharply after data showed a sharp increase in U.S. crude inventories. Consumer discretionary and real estate stocks were among the other major losers.

Materials and communications stocks moved higher, pulling out the market from lower levels.

The benchmark S&P/TSX Composite Index ended with a loss of 68.72 points or 0.27% at 25,563.11.

Asian stocks advanced on Thursday after U.S. President Donald Trump said that he had a "lengthy and highly productive phone call" with President Vladimir V. Putin of Russia and that Ukraine's NATO membership is not "practical", raising expectations for an end to the war in Ukraine.

Trump expects to meet Putin in Saudi Arabia for Ukraine peace talks, sparking concerns about Ukraine's exclusion.

European stocks are mostly higher with investors reacting positively to earnings updates, and on optimism about an end to the Ukraine war.

In commodities, West Texas Intermediate Crude oil futures are down $0.99 or 1.39% at $70.38 a barrel.

Gold futures are gaining $17.90 or 0.61% at $2,946.60 an ounce, while Silver futures are up $0.025 or 0.08% at $32.810 an ounce.

U.S. Factory Orders Pull Back Sharply In June

After reporting a substantial increase by new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back sharply in the month of June. The Commerce Department said factory orders dove by 4.8 percent in June after soaring by an upwardly revised 8.3 percent in May.

RTTNews | il y a 2h 5min

Weak Jobs Data Limits Dollar's Rebound

A smaller-than expected addition to non-farm payrolls curtailed the dollar's rally fueled by a hawkish Fed stance, higher-than-expected PCE-inflation readings, as well as anxiety ahead of the U.S.-China trade talks and the looming trade tariff deadline.

RTTNews | il y a 2h 7min

Eurozone Investor Sentiment Weakens Unexpectedly

Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.

RTTNews | il y a 3h 25min

Bay Street Seen Opening On Cautious Note

Canadian stocks may open on a mixed note on Monday with investors likely to stay cautious ahead of implementation of levies imposed by U.S. President Donald Trump, and a slew of earnings announcements due this week. Weak oil prices may weigh a bit.

RTTNews | il y a 3h 33min

FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

The UK market is up in positive territory on Monday with stocks from the financial sector contributing significantly to the upmove after the outcome from the UK's motor finance investigation turned out to less severe than feared, with potential compensation estimated at 9 billion pounds, much less than the expected quantum o 30 billion pounds.

RTTNews | il y a 4h 24min