Bay Street May Open With Slightly Negative Bias

RTTNews | 303天前

(RTTNews) - Canadian shares may open with a negative bias Friday morning as energy and materials stocks are likely to be under some pressure due to lower commodity prices. Canadian retail sales data may provide some direction.

Final report on Canadian retail sales for the month of December, and preliminary Canadian retail sales numbers for the month of January are due at 8:30 AM ET.

In earnings news, Emera Incorporated (EMA.TO) reported fourth-quarter net income of $154 million, or $0.52 per common share, compared with net income of $289 million, or $1.04 per common share, in the year-ago quarter.

Onex Corporation (ONEX.TO) reported net loss of $2 million for the quarter ended December 2024, compared to net earnings of $373 million in the year-ago quarter.

Iamgold Corporation (IMG.TO) reported fourt-quarter net earnings of and adjusted net earnings per share of $0.15 and $0.10, respectively.

Canadian stocks closed weak on Thursday, weighed down by fears of fresh levies by the Trump administration on more goods sometime soon.

The U.S. President, who previously announced duties on cars, semiconductors and pharma products imported into America, has announced plans to unveil fresh tariffs on lumber and forest products, which could significantly hurt Canada.

Investors reacted to a slew of corporate earnings updates and digested the nation's producer prices data.

The benchmark S&P/TSX Composite Index ended with a loss of 112.08 points or 0.44% at 25,514.08, nearly 80 points off an early low of 25,436.88.

Asian stocks ended mixed on Friday as tariff worries offset investor optimism over China's artificial intelligence potential. Also, U.S. President Donald Trump's comments have raised hopes of a de-escalation in the trade war between the world's two largest economies.

Trump told reporters that a trade deal with China "is possible" in an interview aboard Air Force One.

European stocks are up in positive territory with investors digesting the regional PMI data, and reacting to more quarterly earnings updates.

In commodities, West Texas International Crude oil futures are down $0.74 or 1.02% at $71.83 a barrel.

Gold futures are down $9.70 or 0.33% at $2,946.40 an ounce, while Silver futures are lower by $0.141 or 0.42% at $33.345 an ounce.

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market trading on Monday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 8,650.00 level, with gains across most other sectors led by mining and technology stocks.

RTTNews | 1小時29分鐘前

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, boosted by sharp gains in technology shares which mirrored their peers on the tech-heavy Nasdaq amid solid earnings news and easing concerns of a tech bubble. Optimism about more monetary easing by the US Fed following soft inflation data continues to lift the markets.

RTTNews | 1小時33分鐘前

Indian Shares Likely To Open On Firm Note

Fairly strong GIFT Nifty and firm Asian markets indicate a positive start for Indian shares on Monday.

RTTNews | 1小時54分鐘前

Thai Shares Tipped To Move Higher On Monday

The Thai stock market of Friday ended the three-day losing streak in which it had stumbled more than 20 points or 1.8 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it's expected to open to the upside again on Monday.

RTTNews | 2小時47分鐘前

Indonesia Bourse Poised To Snap Losing Streak

The Indonesia stock market has moved lower in three straight sessions, shedding almost 80 points or 0.9 percent along the way. The Jakarta Composite Index now sits just beneath the 8,610-point plateau although it's due for support on Monday.

RTTNews | 3小時17分鐘前

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving above the 50,400 level, with gains across most sectors led by index heavyweights, financial and technology stocks.

RTTNews | 3小時20分鐘前

Hang Seng May Add To Its Winnings On Monday

The Hong Kong stock market has moved higher in three straight sessions, collecting more than 450 points or 1.8 percent in that span. The Hang Seng Index now sits just beneath the 25,700-point plateau and it may see additional support on Monday.

RTTNews | 3小時32分鐘前

China Stock Market May See Continued Strength

The China stock market has moved higher in three straight sessions, advancing more than 65 points or 1.6 percent along the way. The Shanghai Composite Index now sits just above the 3,890-point plateau and it has a solid lead for Monday's trade.

RTTNews | 3小時47分鐘前

EURUSD	1.17171	GBPUSD	1.3397	AUDUSD	0.66234
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