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

RTTNews | 530天前

(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.

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.

RTTNews | 1小時34分鐘前

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.

RTTNews | 1小時52分鐘前

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping 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 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | 2小時4分鐘前

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.

RTTNews | 2小時10分鐘前

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.

RTTNews | 2小時19分鐘前

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.

RTTNews | 2小時34分鐘前

Win Streak May Continue For Taiwan Stock Market

The Taiwan stock market has tracked higher in back-to-back sessions, gathering almost 540 points or 2.2 percent along the way. The Taiwan Stock Exchange now rests just above the 24,300-point plateau and it may add to its winnings again on Wednesday.

RTTNews | 3小時4分鐘前

Singapore Stock Market Expected To Open In The Green

The Singapore stock market on Tuesday snapped the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,240-point plateau although it may move back above water on Wednesday.

RTTNews | 3小時34分鐘前

EURUSD	1.16275	GBPUSD	1.34605	AUDUSD	0.64906
USDJPY	147.82	USDCAD	1.38383	USDCHF	0.80461