Bay Street Likely To Open On Mixed Note

RTTNews | 43 दिनों पहले

(RTTNews) - Canadian shares look headed for a mixed start Monday morning, tracking commodity prices, and digesting quarterly updates from U.S. and Canadian companies. With the Federal Reserve's monetary policy announcement due on Wednesday, the mood is likely to remain a bit cautious.

Cargojet (CJT.TO) reported first-quarter adjusted earnings of $31 million, or $1.86 per share, compared to $16.8 million, or $0.97 per share, in the year-ago quarter.

Alimentation Couche-Tard Inc. (ATD.TO) announced today that the Toronto Stock Exchange has approved the renewal of its share repurchase program, authorizing Couche-Tard to repurchase up to 78,083,521 Common Shares, representing 10% of the company's "public float" as at April 18, 2024 . Based on the current share price the completion of the Program in full would represent a total investment of approximately US $4.3 billion or CDN $5.9 billion.

The Canadian market ended modestly higher on Friday, led by gains in materials stocks as gold prices advanced on safe-haven buying.

Investors reacted positively to some upbeat earnings updates from top U.S. companies, including Alphabet and Microsoft, and digested U.S. personal consumption expenditure (PCE) data that showed a larger than expected increase in annual consumer price growth.

The benchmark S&P/TSX Composite Index ended with a gain of 83.86 points or 0.38% at 21,969.24, after moving in a tight range between 21,907.48 and 21,997.95. The index gained about 0.5% in the week.

Asian stocks ended higher in thin trade on Monday, with Japanese markets closed for a holiday.

Traders looked ahead to the Federal Reserve's policy meeting on Wednesday after the central bank's preferred inflation gauge largely met expectations.

European stocks are turning in a mixed performance. Among the major markets, U.K. is outperforming, with real estate stocks faring well after data showed house sales in the country rose for the seventh consecutive month in April thanks to higher demand for smaller homes.

In commodities, West Texas Intermediate Crude oil futures are down slightly at $83.83 a barrel.

Gold futures are up $1.50 at $2,348.70 an ounce, while Silver futures are gaining $0.088 or 0.32% at $27.340 an ounce.

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are mixed on Wednesday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead to the key US inflation report and the latest US Fed interest rate decision later in the day. While the Fed is widely expected to leave interest rates unchanged, traders are likely to pay attention to the accompanying statement for cues on the outlook for rates.

RTTNews | 4घंटे 30 मिनट पहले

Sensex, Nifty Seen Tad Lower Ahead Of Industrial Output, Inflation Readings

Indian shares may open a tad lower on Wednesday as investors react to mixed global cues and await industrial production and retail inflation figures for direction. The World Bank has retained its growth forecast for India at 6.6 percent for FY25 and said the country will continue to be the fastest-growing major economy.

RTTNews | 5घंटे 18 मिनट पहले

Japanese Market Significantly Lower

The Japanese stock market is significantly lower on Wednesday, giving up some of the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling to well below the 38,900 level, with losses exporters, auto makers and financial stocks. Traders remain cautious ahead of the cautious ahead of the Bank of Japan's policy decision later in the week.

RTTNews | 5घंटे 22 मिनट पहले

Thai Stock Market Has Flat Lead For Wednesday

The Thai stock market has moved lower in back-to-back sessions, shedding more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,315-point plateau and it's likely to see little movement on Wednesday.

RTTNews | 5घंटे 47 मिनट पहले

China Inflation Rises 0.3% On Year In May

Consumer prices in China were up 0.3 percent on year in May, the National Bureau of Statistics said on Wednesday.

RTTNews | 6घंटे 15 मिनट पहले

Mild Upside Seen For Indonesia Stock Market

The Indonesia stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had jumped almost 130 points or 1.9 percent. The Jakarta Composite Index now sits just above the 6,850-point plateau and it's likely to remain in that neighborhood on Wednesday.

RTTNews | 6घंटे 17 मिनट पहले

Japan Producer Prices Jump 0.7% In May

Producer prices in Japan were up 0.7 percent on month in May, the Bank of Japan said on Wednesday.

RTTNews | 6घंटे 22 मिनट पहले

Australian Market Notably Lower

Australian shares are trading notably lower on Wednesday, adding to the losses in the previous session, with the benchmark S&P/ASX 200 falling to near the 7,700 level, following the mixed cues from Wall Street overnight, with weakness in mining and financial stocks. Technology and energy stocks were mixed.

RTTNews | 6घंटे 29 मिनट पहले

EURUSD	1.0739	GBPUSD	1.2743	AUDUSD	0.66162
USDJPY	157.191	USDCAD	1.3747	USDCHF	0.8976