Bay Street Likely To Open Higher

RTTNews | 1119 일 전

(RTTNews) - Higher index futures and firm crude oil prices indicate a positive start for Canadian shares on Wednesday. Investors will be reacting to a slew of quarterly earnings announcements.

The mood is likely to remain a bit cautious at times with investors looking ahead to the upcoming U.S. jobs data for the month of July, due later in the week.

In earnings news, Colliers International Group Inc. (CIGI.TO) reported revenues of $1.13 billion for the quarter ended June 30, 2022, up 19% over the year-ago quarter.

Endeavour Mining Plc (EDV.TO) reported adjusted net earnings of $111 million for the quarter ended June 30, 2022, compared with $134 million in the previous quarter.

Boralex Ltd. (BLX.TO) announced that it posted net earnings of $14 million for the quarter ended June 2022, as against net loss of $12 million for the corresponding period in 2021.

Nuvista Energy (NVA.TO) reported net earnings of $178 million for the April - June 2022 quarter, as against net loss of about $11 million in the year-ago quarter.

The Canadian market ended notably lower on Tuesday, led by sharp losses in materials and energy sectors. There were gains for technology and healthcare stocks, but the market remained in negative territory right through the day's session.

Worries about slowing global growth, and tensions between the U.S. and China due to U.S. House Speaker Nancy Pelosi's trip to Taiwan weighed on the market. The benchmark S&P/TSX Composite Index ended with a loss of 187.59 points or 0.95% at 19,505.33, near the day's low of 19,486.68.

Asian stocks turned in a mixed performance on Wednesday after a private survey showed China's services sector grew at a faster clip in July from the previous month as a result of easing COVID-19 curbs. The mood was cautious after U.S. House Speaker Nancy Pelosi's visit to Taiwan triggered a strong reaction from China.

After opening weak, European stocks are modestly higher in cautious trade today with investors weighing the possible impact of U.S.-China tensions on global economy. Markets have shrugged off the latest survey results suggesting that Eurozone business activity contracted in July amid a downturn in the manufacturing sector and slowing in the service economy.

In commodities trading, West Texas Intermediate Crude oil futures are up $1.40 or 1.47% at $95.82 a barrel.

Gold futures are down $8.30 or 0.45% at $1,781.40 an ounce, while Silver futures are down $0.114 or 0.57% at $20.025 an ounce.

European Economic News Preview: German GfK Consumer Confidence Due

Consumer sentiment survey data from Germany is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the market research group GfK publishes Germany's monthly consumer confidence survey results. The consumer sentiment indicator is forecast to fall to -22 in September from -21.5 in August.

RTTNews | 12 분 전

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves 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 across most sectors led by mining and financial stocks.

RTTNews | 1 시간 2 분 전

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation, which could impact the outlook for interest rates.

RTTNews | 1 시간 5 분 전

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 | 2 시간 32 분 전

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 | 2 시간 51 분 전

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 | 3 시간 2 분 전

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 | 3 시간 8 분 전

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 | 3 시간 17 분 전

EURUSD	1.16177	GBPUSD	1.34511	AUDUSD	0.64875
USDJPY	147.941	USDCAD	1.38421	USDCHF	0.80508