Bay Street Seen Opening On Mixed Note

RTTNews | 49 days ago
Bay Street Seen Opening On Mixed Note

(RTTNews) - Canadian shares are likely to open on a mixed note Wednesday morning with investors assessing the potential impact of impending tariffs from the U.S., and tracking commodity prices and the trend in European markets.

The mood is likely to remain cautious as investors await crucial U.S. PCE data later in the week for more clarity about the Federal Reserve's interest rate moves.

Sangoma Technologies Corporation (SANG.TO) announced a Normal Course Issuer Bid - NCIB for its common shares following the early achievement of its debt reduction targets. Earlier this week, the company made an additional $2.9 million debt repayment, bringing total Q3 repayments to $7.3 million and fully settling Term Loan 1.

Dundee Corporation (DC-A.TO) reported fourth-quarter net loss of $8.2 million compared with a profit of $2.8 million, a year earlier. The company said fourth-quarter loss from all portfolio investments widened to $2.1 million compared with a loss of $0.8 million, a year-ago.

The Canadian market ended marginally up on Tuesday, supported by gains in consumer staples, materials and communications sectors.

Although optimism about some tariff exemptions by the Trump administration lifted the market early on in the session, investors turned cautious, choosing to wait for more clarity about the U.S. President's moves.

The benchmark S&P/TSX Composite Index ended with a gain of 35.40 points or 0.14% at 25,339.51, after scaling a low of 25,318.27 and a high of 25,454.86 intraday.

Asian stocks closed mostly higher on Wednesday despite deteriorating U.S. consumer confidence in the face of tariff fears coincided with economists' forecasts suggesting a risk of stagflation and rising odds of recession.

Japanese markets advanced after Prime Minister Shigeru Ishiba pledged to take "strong measures" to counter soaring prices.

European stocks broadly lower, although the U.K. market outperforms thanks to data showing a smaller than expected increase in inflation in the month of February.

In commodities, West Texas Intermediate Crude oil futures are up $0.61 or 0.88% at $69.61 a barrel.

Gold futures are gaining $6.30 or 0.21% at $3,032.10 an ounce, while Silver futures are up $0.093 or 0.27% at $34.280 an ounce.

read more
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 50 minutes ago
European Markets Seen Opening Weak On Thursday

European Markets Seen Opening Weak On Thursday

Stock markets in Europe are expected to open on a weak note on Thursday amidst fading enthusiasm regarding the de-escalation in global trade tensions. Absence of fresh catalysts on the trade front, a cooling tech rally as well as anxiety ahead of a speech by Fed Chair Jerome Powell are also expected to keep market sentiment muted.
RTTNews | 50 minutes ago
European Economic News Preview: UK GDP & Foreign Trade Data Due

European Economic News Preview: UK GDP & Foreign Trade Data Due

First quarterly GDP estimates and foreign trade from the UK and flash GDP and employment from the euro area are the major reports due on Thursday. At 2.00 am ET, the Office for National Statistics publishes UK GDP, industrial output and foreign trade figures. The economy is expected to remain flat on month in March after expanding 0.5 percent in February.
RTTNews | 2h 1min ago
Australian Market Turns To Modest Gains In Mid-market

Australian Market Turns To Modest Gains In Mid-market

The Australian market is turning its early losses to modest gains in mid-market on Thursday, after being in the red most of the morning session, extending the gains in the previous six sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,300 level, with gains in financial and technology stocks nearly offset by weakness in mining stocks.
RTTNews | 3h 22min ago
Indian Market Likely To Open On Cautious Note

Indian Market Likely To Open On Cautious Note

Subdued GIFT Nifty, weak Asian stocks and the overnight mixed close on Wall Street point to a slightly negative start for Indian shares Thursday morning. Investors are likely to react to a slew of quarterly earnings announcements.
RTTNews | 3h 29min ago
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Thursday, following the mixed cues from Wall Street overnight, as traders remain cautious amid continued uncertainty surrounding US President Donald Trump's trade policies, despite reaching trade deals between the U.S. and China as well as the U.S. and the U.K. Asian Markets closed mostly higher on Wednesday.
RTTNews | 3h 33min ago
Mild Upside Seen For Thai Stock Market

Mild Upside Seen For Thai Stock Market

The Thai stock market has alternated between positive and negative finishes through the last six trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,215-point plateau and it's poised to inch higher again on Thursday.
RTTNews | 4h 47min ago