Bay Street Looks Set To Start On Firm Note

RTTNews | 81日前

(RTTNews) - Canadian shares look headed for a firm start on Thursday, with encouraging earnings by Royal Bank of Canada and Canadian Imperial Bank of Commerce, and a U.S. court ruling against U.S. President Donald Trump's sweeping tariff moves set to lift sentiment.

The US Court of International Trade in Manhattan has ruled Trump had overstepped his authority in imposing across-the-board duties on imports from U.S. trade partners.

The court also quashed duties imposed by Trump on Canada, Mexico and China under an emergency-powers law. Meanwhile, China has urged U.S. to "fully cancel the wrongful unilateral tariff measures."

The Trump administration has filed an appeal against the federal court ruling.

Royal Bank of Canada (RY.TO) reported net income of C$5.13 billion for the first-quarter, which was up 43% compared to the year-ago quarter. Adjusted earnings per share was C$3.62 in the first-quarter.

Royal Bank of Canada said that it intends to commence a normal course issuer bid and to repurchase up to 35 million shares.

Canadian Imperial Bank of Commerce (CM.TO) reported earnings of $2-billion, or $2.04 per share, for the first quarter of this fical year, up 15% from the same quarter last year.

On the economic front, Canada recorded a current account deficit of C$2100 million in the first quarter of 2025.

The Canadian market ended marginally up on Wednesday, closing higher for the fifth consecutive session. The benchmark S&P/TSX Composite Index closed up 14.45 points or 0.06% at 26283.45.

Asian stocks ended mostly higher on Thursday, with tech stocks surging as Nvidia posted first-quarter earnings and revenue ahead of estimates, helping ease fears of a China slowdown.

Sentiment was also underpinned after a U.S. trade court blocked President Donald Trump's "Liberation Day" import tariffs from going into effect, ruling that he did not have "unbounded authority" to tax imports from nearly every country.

European stocks are broadly higher with investors cheering a U.S. trade court's ruling that blocks U.S. President Donald Trump's sweeping tariffs levies on its trading partners.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.13 or 0.20% at $61.97 a barrel.

Gold futures are gaining $42.90 or 1.3% at $3,337.80 an ounce, while Silver futures are up $0.405 or 1.22% at $33.565 an ounce.

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market trading on Tuesday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,900 level, with weakness in mining and energy stocks partially offset by gains in financial stocks.

RTTNews | 1時10分前

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, amid optimism of a truce in the conflict between Russia and Ukraine with US President Donald Trump planning a summit meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy very soon. Asian markets closed mostly higher on Monday.

RTTNews | 1時20分前

Sensex, Nifty Likely To Open On Muted Note

Indian shares look set to open on a flat note on Tuesday, tracking muted cues from global markets.

RTTNews | 2時6分前

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Tuesday after opening in the green, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street overnight, with the Nikkei 225 falling below the 43,500 level, with weakness in index heavyweights and financial stocks partially offset by gains in automakers and exporters.

RTTNews | 2時16分前

Thai Shares May Take Further Damage On Tuesday

The Thai stock market has finished lower in three straight sessions, slipping more than 35 points or 3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,240-point plateau and it may extend its losses on Tuesday.

RTTNews | 2時36分前

Little Movement Seen For Indonesia Stock Market

Ahead of Monday's holiday for Independence Day, the Indonesia stock market had snapped the five-day winning streak in which it had surged more than 440 points or 5.8 percent. The Jakarta Composite Index now sits just beneath the 7,900-point plateau and it's likely to remain stuck in neutral again on Tuesday.

RTTNews | 3時6分前

Soft Start Expected For Hong Kong Stock Market

The Hong Kong stock market has moved lower in three straight sessions, slumping more than 430 points or 1.5 percent along the way. The Hang Seng Index now rests just above the 25,175-point plateau and it may continue to sputter on Tuesday.

RTTNews | 3時21分前

Australian Market Significantly Lower

The Australian stock market is trading significantly lower on Tuesday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,900 level, with weakness in gold miners and energy stocks partially offset by gains in iron ore miners and financial stocks.

RTTNews | 3時24分前

EURUSD	1.16579	GBPUSD	1.35004	AUDUSD	0.64876
USDJPY	147.809	USDCAD	1.38114	USDCHF	0.80738