Bay Street Likely To Open Mixed As Traders Eye U.S. Data For Direction

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(RTTNews) - Canadian shares are likely to see a mixed start Thursday morning, with investors tracking data on U.S. producer prices inflation, retail sales and jobless claims for some clues about the Federal Reserve's outlook for interest rates.

Investors will also be reacting to the final data on manufacturing sales in Canada for the month of January, and a report on new motor vehicles sales in January.

In company news, Empire Company Limited (EMP.A.TO) reported third-quarter net earnings of $134.2 million, compared to $125.7 million in the year-ago quarter.

Tilray Inc (TLRY.TO) announced that its has received approval for the first medical cannabis extract in Portugal called Tilray Oral Solution THC 5 CBD 20.

Perpetua Resources Corp. (PPTA.TO) announced Thursday that its President and CEO, Laurel Sayer, intends to step down from the role and as a Board member, effective March 14. The Board of Directors has appointed Jon Cherry to succeed Laurel Sayer as President and CEO and as a Board member.

The Canadian market extended gains to a third straight session and ended at a 2-year high on Wednesday as energy and materials shares rallied on firm commodity prices.

The benchmark S&P/TSX Composite Index, which opened flat 21,838.07, climbed to 22,008.04 around late morning, and stayed firm right till the end of the day's session to settle with a gain of 139.09 points or 0.64% at 21,970.11, the highest close since April 2022.

Asian stocks ended mixed on Thursday after moving in a tight range, as investors looked ahead to the release of U.S. producer price inflation, retail sales and jobless claims data due out later in the day for cues on inflation and interest rates.

European stocks are broadly higher amid bets that the European Central Bank will likey lower borrowing costs in the spring.

In commodities, West Texas Intermediate Crude oil futures are up $0.73 or 0.91% at $80.45 a barrel.

Gold futures are down $8.40 or 0.37% at $2,172.40 an ounce, while Silver futures are up $0.034 or 0.14% at $25.190 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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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EURUSD	1.16406	GBPUSD	1.35079	AUDUSD	0.65121
USDJPY	147.128	USDCAD	1.37793	USDCHF	0.80142