Bay Street Likely To Open Slightly Higher

RTTNews | 863 일 전

(RTTNews) - Canadian shares are likely to open with a slightly positive bias on Monday, tracking higher bullion prices, and optimism about Chinese economy.

Uncertainty about U.S. interest rates and concerns about a potential recession later this year might limit market's upside.

In Canadian company news, Algonquin Power & Utilities Corp. (AQN.TO) reaffirmed its previously-disclosed fiscal 2023 estimate of adjusted net earnings per share for the 2023 fiscal year within a range of $0.55 to $0.61.

Meanwhile, American Electric Power announced that it has mutually agreed to terminate its previously announced deal to sell Kentucky operations, i.e., Kentucky Power Co. and AEP Kentucky Transmission Co., Inc., to Liberty Utilities Co., a subsidiary of Algonquin Power & Utilities Corp.

HLS Therapeutics Inc. (HLS.TO) announced the appointment of Craig Millian as Chief Executive Officer, effective May 1, 2023, concurrent with the retirement of Gilbert Godin.

The Canadian market ended mixed on Friday with investors largely staying cautious amid a bit of uncertainty about the Federal Reserve's interest rate moves.

Strong earnings updates from some top U.S. banks such as JP Morgan Chase and Wells Fargo aided sentiment.

The benchmark S&P/TSX Composite Index ended up 15.42 points or 0.07% at 20,579.91, the highest close since March 3. The index, which has now gained for the fourth straight week, added 1.9% in the week.

Asian markets gained on Monday amidst optimism on the Chinese economic scenario ahead of the release of key readings including GDP, industrial production, retail sales, unemployment rate etc. Dovish comments from Bank of Japan's Governor and People's Bank of China also supported sentiment.

The Chinese economy is expected to have grown 4% in the first quarter versus 2.9% earlier. Industrial production in March is seen rising to 4% from 2.4% in the previous period.

European stocks are turning in a mixed performance with investors looking ahead to more earnings updates from U.S. companies for more clarity on the state of the world's largest economy.

In commodities trading, West Texas Intermediate Crude oil futures are down $0.44 or 0.55% at $82.08 a barrel.

Gold futures are gaining $6.00 or 0.3% at $2,021.80 an ounce, while Silver futures are up $0.080 or 0.31% at $25.540 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 시간 26 분 전

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 시간 42 분 전

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 | 2 시간 12 분 전

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 시간 24 분 전

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 시간 32 분 전

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 시간 41 분 전

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 시간 49 분 전

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 | 3 시간 11 분 전

EURUSD	1.16417	GBPUSD	1.35064	AUDUSD	0.65116
USDJPY	147.168	USDCAD	1.37801	USDCHF	0.80148