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Resources Stocks May Edge Higher As Bay Street Looks Headed For Mixed Open

RTTNews | 228 days ago

(RTTNews) - Canadian shares are likely to turn in a mixed performance on Thursday, with investors looking ahead to U.S. and Canadian jobs data, due on Friday. Energy and materials stocks may find some support thanks to higher commodity prices.

Volume of business is likely to be a bit thin as U.S. markets are closed today in honor of former U.S. President Jimmy Carter, who died in late December at age 100.

In company news, Osisko Development (ODV) announced the appointment of David Rouleau as Vice President, Project Development. The company also announced that ric Tremblay, Chief Operating Officer, is leaving the company effective immediately.

Endeavour Silver Corp. (EDR.TO) reported a decline in gold and silver production for the fourth quarter. However, the company posted an improvement in annual gold output. For the three-month period to December 31, 2024, the company recorded gold output of 9,075 ounces, lower than 9,608 ounces, registered for the same period last year. For the full year, gold output was 39,047 ounces, higher than 37,858 ounces in 2023.

The Canadian market closed on a firm note on Wednesday thanks to strong buying in technology and materials sectors.

Weakness in healthcare, communications and consumer discretionary sectors limited the market's upside.

The market gained despite reports that U.S. President-elect Donald Trump is planning to impose new tariffs.

The benchmark S&P/TSX Composite Index ended the session with a gain of 121.79 points or 0.49% at 25,051.68, slightly off the day's high of 25,061.55.

Asian stocks closed broadly lower on Thursday as investors reacted to U.S. President-elect Donald Trump's tariff threats, a buoyant dollar and disappointing Chinese inflation data.

The U.S. dollar was underpinned by rising Treasury yields amid expectations that Trump's fiscal and tariff policies may add to price pressures and keep U.S. interest rates higher for longer.

European stocks are up mostly in positive territory with investors digesting recent economic data, and looking ahead to jobs report from the U.S. for clues about the outlook for interest rate cuts by the Federal Reserve.

In commodities, West Texas Intermediate Crude oil futures are up $0.15 or 0.2% at $73.47 a barrel.

Gold futures are gaining $17.60 or 0.66% at $2,690.00 an ounce, while Silver futures are up $0.340 or 1.11% at $31.030 an ounce.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | 11 minutes ago

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | 32 minutes ago

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 1h 2min ago

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1h 43min ago

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 2h 10min ago

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to 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 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2h 13min ago

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2h 28min ago

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 2h 30min ago

EURUSD	1.16279	GBPUSD	1.34556	AUDUSD	0.64755
USDJPY	147.719	USDCAD	1.38563	USDCHF	0.80549