Reklāma

Bay Street Likely To Open Higher

RTTNews | 9 days ago

(RTTNews) - Canadian shares may open higher on Wednesday amid renewed hopes the U.S. and China will agree on a positive trade deal. The focus is also on the Federal Reserve's monetary policy announcement later in the day.

The U.S. central bank is widely expected to hold rates. The accompanying statement and Fed Chair Jerome Powell's post meet conference are eyed for clues about the central bank's future moves with regard to interest rates.

A somewhat muted outcome of the meeting between U.S. President Donald Trump and Canadian Primer Minister Mark Carney may weigh a bit and limit market's upside.

On the earnings front, Barrick Gold reported earnings per share of $0.35 for the latest quarter, compared to $0.19 in the year-ago quarter.

Stella-Jones Inc. (SJ.TO) announced that its net income increased to C$93 million from C$77 million last year. Earnings per share were C$1.67 versus C$77 last year.

Manulife Financial, Great-West Lifeco, Nutrien, WSP Global, Tourmaline Oil Corp, Canadian Utilities and Pan American Silver Corp. are among the companies slated to announce their quarterly earnings today.

The Canadian market ended marginally up after a choppy ride. The benchmark S&P/TSX Composite Index closed up 21.20 points or 0.1% at 24,974.72.

Asian stocks advanced on Wednesday after confirmation that trade talks between the U.S. and China would take place in Switzerland this week, marking the first formal talks between the countries since U.S. President Donald Trump declared sweeping tariffs last month.

European stocks are exhibiting weakness in cautious trade as investors react to earnings and economic data, and await policy announcements from the Federal Reserve and the Bank of England.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.50 or 0.84% at $59.59 a barrel.

Gold futures are down $21.00 or 0.61% at $3,401.80 an ounce, while Silver futures are down $0.216 or 0.65% at $33.165 an ounce.

Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian stocks are turning in a mixed performance a little past noon on Friday after recovering from an early setback. Investors appear to be making cautious moves after eight straight days of gains that saw the market climb to a new record high on Thursday.

RTTNews | 31 minutes ago

U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index dipped to 50.8 in May after slumping to 52.2 in April. Economists had expected the index to inch up to 53.4.

RTTNews | 2h 37min ago

U.S. Import, Export Prices Unexpectedly Inch Higher In April

The Labor Department released a report on Friday unexpectedly showing modest increases by both U.S. import and export prices in the month of April. The report said import prices crept up by 0.1 percent in April after falling by a downwardly revised 0.4 percent in March.

RTTNews | 2h 40min ago

U.S. Housing Starts Rebound Less Than Expected In April, Building Permits Pull Back Sharply

While the Commerce Department released a report on Friday showing a rebound by new residential construction in the U.S. in the month of April, the report also showed a substantial pullback by building permits during the month.

RTTNews | 2h 44min ago

Eurozone Trade Surplus Surges On Exports To US

The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.

RTTNews | 3h 30min ago

Richemont Shares Gain On Higher FY25 Results, Dividend Hike

Shares of Richemont SA were gaining around 6 percent in the Swiss trading after the Cartier owner reported higher net profit and sales in its fiscal 2025 on strong Jewellery performance. Meanwhile, earnings from continuing operations was lower than last year amid weak China results. Further, the luxury goods firm declared higher dividend.

RTTNews | 3h 36min ago

U.S. Import, Export Prices Unexpectedly Inch Up 0.1% In April

The Labor Department released a report on Friday unexpectedly showing modest increases by U.S. import and export prices in the month of April.

RTTNews | 4h 16min ago

EU Seeks Public Feedback On Microsoft's Proposed Changes To Teams In Antitrust Probe

The European Commission has invited public response regarding Microsoft Corp.'s offers to address competition concerns related to Teams. In a statement, the EU agency noted that the tech major has offered commitments, among others, to sell its Office product without communication and collaboration product Teams at a lower price than Office with Teams.

RTTNews | 4h 19min ago

EURUSD	1.11453	GBPUSD	1.32707	AUDUSD	0.63999
USDJPY	145.937	USDCAD	1.39855	USDCHF	0.8389