Bay Street Likely To Open On Mixed Note

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(RTTNews) - Canadian shares are likely to open on mixed note on Thursday, tracking mixed commodity prices and weak European stocks. Concerns about trade tensions may continue to weigh on sentiment. Also, with a long weekend ahead, investors may stay a bit wary of making significant moves.

A report from the Canadian Federation of Independent Business (CFIB) said, small business sentiment in Canada increased to 34.80 points in April from 25 points in March of 2025.

The Canadian market closed modestly higher on Wednesday after seeing considerable volatility over the course of the trading session. Energy and gold stocks gained, contributing to market's positive close.

After moving higher early in the session, the S&P/TSX Composite Index pulled back into negative territory before rebounding going into the close to end the day up 38.86 points or 0.2% at 24,106.79.

Asian stocks advanced on Thursday despite escalating U.S.-China tensions and warnings from Federal Reserve Chair Jerome Powell that trade tensions risk undermining the U.S. central bank's employment and inflation goals.

European stocks are exhibiting weakness despite a 25-basis-point rate cut announced by the European Central Bank. Worries about global growth due to trade tensions weigh on sentiment.

The ECB, which has cut its rate by 25 basis points to 2.25%, has warned of 'deteriorated' growth outlook due to trade tensions.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.66 or 1.06% at $63.13 a barrel.

Gold futures are down $9.00 or 0.28% at $3,337.40 an ounce, while Silver futures are lower by $0.650 or 1.97% at $32.330 an ounce.

Singapore Bourse May Extend Monday's Gains

The Singapore stock market on Monday wrote a finish to the four-day losing streak in which it had slipped more than 20 points or 0.4 percent. The Straits Times Index now sits just above the 4,610-point plateau and it's expected to open to the upside again on Tuesday.

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Malaysia Shares May Open To The Upside Again On Tuesday

The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

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Japan Stock Market May Add To Its Winnings On Tuesday

The Japanese stock market has finished higher in two consecutive trading days, soaring more than 1,400 points or 2.7 percent along the way. The Nikkei 225 now sits just above the 50,400-point plateau and it may extend its gains on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead. The Nikkei finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers. For the day, the index jumped 895.18 points or 1.81 percent to finish at 50,402.39 after trading between 49,982.20 and 50,590.88. Among the actives, Nissan Motor improved 0.75 percent, while Mazda Motor accelerated 4.34 percent, Toyota Motor advanced 0.91 percent, Honda Motor strengthened 1.61 percent, Softbank Group soared 4.09 percent, Mitsubishi UFJ Financial jumped 1.86 percent, Mizuho Financial vaulted 1.40 percent, Mitsubishi Electric rallied 1.74 percent, Panasonic Holdings spiked 3.47 percent and Hitachi expanded 1.89 percent.

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Additional Support Called For South Korea Shares

The South Korea stock market has moved higher in two straight sessions, advancing more than 110 points or 2.7 percent along the way. The KOSPI now sits just above the 4,100-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

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