Bay Street Looks Headed For Positive Start

RTTNews | 175日前

(RTTNews) - Canadian shares may open higher Wednesday morning, tracking positive global cues following U.S. Commerce Secretary Howard Lutnick's comments that the Trump administration was considering easing the 25% tariffs on Canadian and Mexican imports to products which comply with the trade pact negotiated during Trump's first term.

Data on Canadian Composite PMI and Services PMI for the month of February is due at 9:30 AM ET.

Fourth quarter labor productivity data is due at 8:30 AM ET.

NuVista Energy (NVA.TO) reported net earnings of $99.15 million for the quarter ended December 31, 2024, compared to $89.51 million in the year-ago quarter.

VersaBank (VBNK.TO) reported net income of C$8.14 million for the quarter ended 31 January 2025, compared with net income of C$5.5 million in the corresponding quarter last year.

The Canadian market ended sharply lower on Tuesday, hurt by heavy selling in several sectors amid concerns about growth as new tariffs by U.S. against Canada, China and Mexico took effect, and Canada and China announced retaliatory measures.

After the Trump administration's tariff moves, Canada retaliated by announcing 25% tariffs on $107 billion worth of U.S. goods, with $20.7 billion in immediate effect. Mexican President Claudia Sheinbaum said her country is preparing countermeasures.

China announced 15% tariffs on U.S. chicken, wheat, corn and cotton, plus 10% cent tariffs on soybeans, pork, beef and dairy beginning March 10.

U.S. President Donald Trump reiterated that he will impose reciprocal duties with effect from April 2, and the first target will be a levy on agricultural products.

The benchmark S&P/TSX Composite Index, which tumbled to 24,344.84 around late morning, losing more than 650 points in the process, ended the session with a loss of 429.57 points or 1.72% at 24,572.00.

Asian stocks ended mixed on Wednesday as the Trump administration indicated flexibility on some of its latest tariff measures against Canada and Mexico, and investors watched the latest developments of China's annual political gathering.

China's Shanghai Composite index rose 0.53% as the government unveiled an annual economic growth target of around 5% and announced plans to boost domestic consumption and support the economy, given the broadening global uncertainty.

European stocks are up with strong gains amid optimism that U.S. President Donald Trump's 25% duties on Canada and Mexico could be relaxed. News about German leaders agreeing to create 500 billion euros infrastructure spending is also contributing to the positive mood in European markets.

In commodities, West Texas Intermediate Crude oil futures are down $0.89 or 1.3% at $67.37 a barrel.

Gold futures are gaining $8.00 or 0.28% at $2,928.60 an ounce, while Silver futures are up $0.574 or 1.77% at $32.955 an ounce.

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | 1時5分前

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.

RTTNews | 1時20分前

Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect

Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.

RTTNews | 1時50分前

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.

RTTNews | 2時2分前

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.

RTTNews | 2時10分前

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.

RTTNews | 2時19分前

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | 2時27分前

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of 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 7,935-point plateau and it may add to its winnings on Thursday.

RTTNews | 2時49分前

EURUSD	1.16421	GBPUSD	1.35079	AUDUSD	0.6513
USDJPY	147.19	USDCAD	1.37783	USDCHF	0.80149