Bay Street Seen Opening On Slightly Volatile Note

RTTNews | 1120 일 전

(RTTNews) - Lower U.S. and Canadian stock futures, and rising commodity prices point to a slightly volatile start for the Canadian market on Thursday.

US GDP data is likely to make an impact on price movements. Investors will be reacting to a slew of earnings announcements from Canadian companies, and looking ahead to Canadian GDP data, due on Friday.

In company news, the Board of Directors of Canadian Pacific Railway Limited (CP.TO) Wednesday declared a quarterly dividend of $0.19 per share on the outstanding Common Shares.

TC Energy Corporation (TRP.TO) today announced that its Board of Directors declared a quarterly dividend of $0.90 per common share for the quarter ending Sep. 30, 2022, on the Company's outstanding common shares.

Cenovus Energy (CVE.TO) reported second-quarter net earnings of $2.43 billion, compared to $1.63 billion in the year-ago quarter.

Fortis Inc. (FTS.TO) reported adjusted net earnings of $0.57 per common share for the second quarter of the current financial year, up from $0.55 in the second quarter of 2021.

Whitecap Resources (WCP.TO) reported net income of $380.7 million for the quarter ended June 30, 2022, compared with $18.56 million in the year-ago quarter.

ATCO Ltd. (ACO.X.TO) today announced second quarter 2022 adjusted earnings of $92 million ($0.81 per share), compared with $80 million ($0.70 per share) in the second quarter of 2021.

The Canadian market ended on a firm note on Wednesday, tracking U.S. stocks, after Fed Chair Jerome Powell said he does not think the U.S. is currently in a recession and added that the central bank will likely slow rate increases at some point.

Fairly good earnings updates from Google parent Alphabet, and software giant Microsoft lifted Nasdaq today, and triggered some strong buying in the tech space in the Canadian market as well.

The benchmark S&P/TSX Composite Index ended with a gain of 281.88 points or 1.49% at 19,254.56, after touching a high of 19,315.46.

Asian stocks advanced on Thursday after the U.S. Federal Reserve announced a 75 basis point rate hike, as widely expected, and indicated that it may be appropriate to slow the pace of increases going forward. The Fed said policy will be set meeting-by-meeting amid signs of an economic slowdown.

European stocks are turning in a mixed performance with investors reacting to a slew of earnings updates and less-hawkish-than-feared messaging from Fed Chair Jerome Powell.

In commodities trading, West Texas Intermediate Crude oil futures are up $2.36 or 2.43% at $99.62 a barrel.

Gold futures are gaining $18.70 or 1.1% at $1,737.70 an ounce, while Silver futures are up $0.745 or 4.01% at $19.345 an ounce.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, giving up some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.

RTTNews | 46 분 전

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders remain cautious amid lingering uncertainty about the outlook for interest rates ahead of US Fed Chair Jerome Powell's highly anticipated speech at the Jackson Hole Economic Symposium later in the day. Asian markets ended mixed on Thursday.

RTTNews | 1 시간 11 분 전

Sensex, Nifty Set For Muted Start

Indian shares may open on a sluggish note on Friday following six consecutive sessions of gains on optimism about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).

RTTNews | 1 시간 36 분 전

Japanese Market Slightly Higher

The Japanese market is slightly higher on Friday, snapping a three-session losing streak, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 42,650 level, with gains across all sectors led by automakers and financial stocks as domestic inflation data beat expectations.

RTTNews | 2 시간 5 분 전

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, recouping some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.

RTTNews | 2 시간 27 분 전

U.S. Dollar Climbs Against Majors

The U.S. dollar strengthened against its major counterparts in the New York session on Thursday.

RTTNews | 6 시간 38 분 전

TSX Hovers Near Record High; Materials, Energy Stocks Shine Again

Materials and energy stocks are among the prominent gainers in the Canadian market, which is up in positive territory in mid afternoon trades on Thursday.

RTTNews | 10 시간 13 분 전

Swiss Market Ends Weak

The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.

RTTNews | 10 시간 35 분 전

EURUSD	1.15942	GBPUSD	1.3404	AUDUSD	0.6424
USDJPY	148.682	USDCAD	1.3912	USDCHF	0.80974