Bay Street Likely To Open On Mixed Note

RTTNews | 264 일 전

(RTTNews) - Canadian shares likely to open on mixed note on Wednesday with investors tracking commodity prices and awaiting U.S. President Donald Trump's announcement of "reciprocal tariffs" later in the day.

The mood is likely to remain quite cautious as Trump's announcement on what White House has dubbed "Liberation Day," threatens to disrupt decades of established trade practices.

In earnings news, BlackBerry (BB.TO) reported adjusted net income for the full fiscal year was $12.5 million and GAAP net loss was $79.0 million. The company's adjusted fourth-quarter net income was $17.7 million and GAAP net loss of $7.4 million.

The Canadian market ended moderately higher on Tuesday despite showing a lack of direction during trading. The benchmark S&P/TSX Composite Index spent the day bouncing back and forth across the unchanged line before eventually closing up 115.78 points or 0.5% at 25,033.28.

The volatility was due to uncertainty about President Donald Trump's trade policies ahead of the announcement of reciprocal tariffs on Wednesday. A report from the Washington Post earlier in the day said White House aides have drafted a proposal to impose tariffs of around 20% on most imports to the U.S.

Asian stocks ended on a muted note on Wednesday as caution prevailed ahead of U.S. President Donald Trump's sweeping tariffs announcement expected later in the day.

Oil extended losses on concerns that new U.S. tariffs may drag on global growth and weigh on fuel demand.

European stocks are down in negative territory in cautious trade as investors await Trump's announcement of "reciprocal tariffs."

In commodities trading, West Texas Intermediate Crude oil futures are down $0.42 or 0.59% at $70.78 a barrel.

Gold futures are gaining $10.70 or 0.34% at $3,156.70 an ounce, while Silver futures are up $0.271 or 0.78% at $34.580 an ounce.

European Economic News Preview: German Import Price Data Due

Import prices from Germany and revised GDP data from Spain are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to issue Germany's import price data. Economists expect import prices to grow 0.2 percent month-on-month in November, the same rate as in October. In the meantime, producer price figures are due from Sweden.

RTTNews | 1 시간 15 분 전

Cautious Optimism Expected In European Markets

Stock markets in Europe are expected to trade on a cautiously optimistic note on Tuesday amidst rising geopolitical tensions, Fed rate cut hopes, thin holiday trade as well as mixed reactions to tech valuations.

RTTNews | 1 시간 54 분 전

RBA Minutes: Policymakers Discussed Rate Hike Scenario

Policymakers of the Reserve Bank of Australia discussed scenarios in which policy tightening may need to be considered, the minutes of the meeting held on December 8 and 9 showed Tuesday. Members became less confident that monetary policy remains restrictive, the minutes showed. Policymakers assessed that inflationary pressures could be a little more persistent than had been previously estimated

RTTNews | 1 시간 58 분 전

Australian Market Sharply Extends Early Gains In Mid-market

The Australian stock market is sharply expending the early gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,750 level, with gains across most sectors led by financial and technology stocks.

RTTNews | 4 시간 24 분 전

Indian Shares Look Headed For Another Positive Start

It's likely to be a firm start for Indian shares on Tuesday with investors set to track positive cues from Wall Street and Asian markets. A drop in oil prices is also likely to aid sentiment.

RTTNews | 4 시간 33 분 전

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as the markets extend their gains boosted continued strength among technology stocks. Major currencies in the region also strengthened against the US dollar. Asian markets closed mostly higher on Monday.

RTTNews | 4 시간 36 분 전

Canadian Dollar Rises Against U.S. Dollar

The Canadian dollar advanced against the U.S. dollar in the New York session on Monday.

RTTNews | 5 시간 58 분 전

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 6 시간 34 분 전

EURUSD	1.17731	GBPUSD	1.34861	AUDUSD	0.66693
USDJPY	156.065	USDCAD	1.37393	USDCHF	0.7904