Bay Street Likely To Open On Positive Note

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(RTTNews) - Higher Canadian and U.S. futures and firm oil and metal prices point to a positive start for Canadian stocks on Thursday. However, a lack of significant positive triggers could cap market's upside.

Brookfield Asset Management (BAM.TO) shares are likely to be in focus after the company said it would sell its Australian retirement home operator Aveo to The Living Company for A$3.85 billion.

In economic news, data from Statistics Canada showed average weekly earnings in Canada rose 4.4% in April (Year-on-Year), compared to a revised 4.06% rise in the previous month.

A separte data from Statistics Canada showed wholesale sales in Canada dropped by 0.4% in May, following a 2.3% decline in April.

The Canadian market closed weak on Wednesday after investors chose to take some profits following the previous session's record high levels. Investors also digested the data on Canadian consumer price inflation. The data showed the nation's consumer price index rose 3% year-on-year in May, down from 3.1% in the previous month.

Canada's inflation rate month-on-month increased 0.6% in May over the previous month.

The benchmark S&P/TSX Composite Index settled at 26,566.32 down by 152.30 or 0.57%.

Asian stocks turned in a mixed performance on Thursday, with Japanese markets hitting a nearly five-month high boosted by tech shares, while Seoul stocks fell sharply due to profit taking following the recent market rally.

European stocks are modestly higher in cautious trade with investors closely following the developments on the geopolitical front.

In commodities trading, West Texas Intermediate Crude oil futures are up 0.37 or 0.57% at $65.29 a barrel.

Gold futures are gaining $7.80 or 0.25% at $3,350.90 an ounce, while Silver futures are up $0.549 or 1.27% at $36.570 an ounce.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

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Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

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Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 1घंटे 34 मिनट पहले

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2घंटे 14 मिनट पहले

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

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Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to 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 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

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Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2घंटे 59 मिनट पहले

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 3घंटे 2 मिनट पहले

EURUSD	1.1624	GBPUSD	1.34503	AUDUSD	0.64755
USDJPY	147.8	USDCAD	1.38591	USDCHF	0.80584