Bay Street Likely To Open Lower

RTTNews | 173 일 전

(RTTNews) - Lower Canadian and U.S. futures and weak metal prices point to a negative start on Bay Street Thursday morning.

The Canadian trade surplus widened to CAD 4.0 billion in January 2025, the largest since May 2022.

Canada's merchandise exports rose 5.5% to a record CAD 74.5 billion, while imports increased 2.3%, marking the fourth consecutive monthly rise for both.

The Ivey PMI reading for the month of February is due at 10 AM ET.

The Ivey Purchasing Managers Index in Canada dropped to 47.1 in January 2025, from 54.7 in December.

Canadian Natural Resources reported fourth quarter net earnings of C$1.14 billion compared to $2.63 billion, last year. Earnings per share was C$0.54 compared to C$1.21. Adjusted earnings per share declined to C$0.93 from C$1.17. Analysts on average expected the company to report profit per share of C$0.95, for the quarter. Analysts' estimates typically exclude special items.

The Canadian market closed on a strong note on Wednesday as stocks rallied on news the Trump administration is considering reducing the tariffs on Canadian and Mexican imports.

The mood remained positive following U.S. Secretary of Commerce Howard Lutnick hinting at some potential adjustments for U.S. tariffs on Canada and Mexico, noting that carve-outs for some industries are a possibility.

The benchmark S&P/TSX Composite Index ended with a gain of 298.82 points or 1.22% at 24,870.82.

Asian stocks advanced on Thursday after U.S. President Donald Trump exempted automakers from newly imposed tariffs on Mexico and Canada for one month, raising hopes for negotiations.

After opening higher, European stocks pared gains and are turning in a mixed performance with investors reacting to results, and taking some profits. The European Central Bank, as widely expected, has cut interest rates by 25 basis points today.

In commodities, West Texas Intermediate Crude oil futures are up $0.23 or 0.35% at $66.54 a barrel.

Gold futures are down $14.00 or 0.48% at $2,912.00 an ounce, while Silver futures are lower by $0.039 or 0.12% at $33.095 an ounce.

Australia Inflation Accelerates To 1-Year High

Australia's consumer price inflation accelerated more than expected to a one-year high in July, indicating a more gradual approach to monetary policy easing. The CPI indicator advanced 2.8 percent year-on-year in July, following June's 1.9 percent rise, the Australian Bureau of Statistics reported. This was the strongest since July 2024.

RTTNews | 40 분 전

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 | 1 시간 15 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 | 2 시간 5 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 | 2 시간 8 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 | 3 시간 35 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 | 3 시간 54 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 | 4 시간 5 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 | 4 시간 11 분 전

EURUSD	1.16187	GBPUSD	1.34538	AUDUSD	0.64865
USDJPY	147.894	USDCAD	1.38412	USDCHF	0.80494