Bay Street May Open On Weak Note

RTTNews | 57 일 전
Bay Street May Open On Weak Note

(RTTNews) - Canadian shares look headed for negative start on Tuesday, weighed down by weak oil prices, and concerns about global trade after U.S. President Donald Trump threatened 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.

In the Oval Office on Monday, Trump spoke of Washington's strength in its standoff with Beijing and warned that if he played the "incredible cards" at his disposal, it would "destroy China."

In earnings news, The Bank of Nova Scotia (BNS.TO) reported third quarter net income of C$2.5 billion compared to C$1.9 billion, last year. Diluted earnings per share was C$1.84, compared to C$1.41.

BMO Financial Group reported a net income of $2.33 billion or $3.14 per diluted share for the quarter ended July 31, compared with a profit of $1.87 billion or $2.48 per diluted share in the same quarter last year.

CGI Inc. (GIB-A.TO) said that the State of New Jersey has awarded it a 10-year contract to improve the State Integrated Recovery Operations Management Systems (SIROMS). Under the new contract, CGI will help the state to efficiently manage the relief funds and reduce the cost of natural disaster recovery.

In economic news, data from Statistics Canada showed manufacturing sales in Canada increased 1.8% in July, after a 0.3% increase in June.

Wholesale sales likely rose by 1.3% month-over-month in July 2025, following a 0.7% increase in the previous month, according to preliminarty estimates.

The Canadian market ended weak on Monday as investors resorted to profit-taking from last week's record high close. However, selling pressure was somewhat subdued amid renewed hopes of BoC rate cuts in line with anticipated US Fed rate cuts.

The benchmark S&P/TSX Composite, which touched a low of 28,138.70 early on in the session, settled at 28,169.94, down by 163.19 points or 0.58%.

Asian stocks closed lower on Tuesday as Fed independence concerns resurfaced and investors awaited Nvidia results amid hopes it can soothe fears about AI spending.

Trade tensions also kept investors on edge, with U.S. President Donald Trump threatening 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.

The major European markets are down in negative territory today amid concerns about political uncertainty in France, and renewed trade worries.

In commodities trading, West Texas Intermediate Crude oil futures are down 1.16 or 1.76% at $63.64 a barrel.

Gold futures are gaining $10.00 or 0.3% at $3,427.50 an ounce, while Silver futures are down $0.188 or 0.49% at $38.515 an ounce.

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Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese market is sharply lower on Thursday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 48,700 level, with weakness across most sectors led by index heavyweights and technology stocks.
RTTNews | 40 분 전
Indonesia Stock Market May Extend Wednesday's Losses

Indonesia Stock Market May Extend Wednesday's Losses

The Indonesia stock market on Wednesday snapped the two-day winning streak in which it had jumped more than 310 points or 3.9 percent along the way. The Jakarta Composite Index now rests just above the 8,150-point plateau and it's likely to open in the red again on Thursday.
RTTNews | 42 분 전
Lower Open Predicted For Hong Kong Stock Market

Lower Open Predicted For Hong Kong Stock Market

The Hong Kong stock market on Wednesday ended the two-day winning streak in which it had picked up more than 775 points or 2.8 percent. The Hang Seng Index now rests just above the 25,780-point plateau and it's looking at another soft start again on Thursday.
RTTNews | 57 분 전
Australian Market Modestly Lower

Australian Market Modestly Lower

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RTTNews | 1 시간 9 분 전
China Bourse May Extend Wednesday's Losses

China Bourse May Extend Wednesday's Losses

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RTTNews | 1 시간 12 분 전
More Pain Predicted For Taiwan Stock Market

More Pain Predicted For Taiwan Stock Market

The Taiwan stock market on Wednesday wrote a finish to the two-day winning streak in which it had collected more than 450 points or 1.7 percent. The Taiwan Stock Exchange now sits just beneath the 27,650-point plateau and it's expected to open under pressure again on Thursday.
RTTNews | 1 시간 42 분 전
Rally May Stall For Singapore Stock Market

Rally May Stall For Singapore Stock Market

The Singapore stock market has moved higher in back-to-back sessions, collecting more than 65 points or 1.5 percent along the way. The Straits Times Index now rests just above the 4,390-point plateau although it may run out of steam on Thursday.
RTTNews | 2 시간 12 분 전
Malaysia Bourse May Give Up Support At 1,600 Points

Malaysia Bourse May Give Up Support At 1,600 Points

The Malaysia stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had picked up less than a point. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau and it's likely to extend its losses on Thursday.
RTTNews | 2 시간 42 분 전