Bay Street Likely To Open On Mixed Note

RTTNews | 413 hari yang lalu

(RTTNews) - Canadian shares are likely to open on a mixed note Wednesday morning, reacting to corporate earnings updates and key economic data from the U.S. Energy stocks may move up on firm crude oil prices.

Ivanhoe Mines Ltd. (IVN.TO) reported a net profit of $108 million for the third-quarter of 2024, compared with $67 million in the second-quarter.

Capital Power Corporation (CPX.TO) reported net income of $178 million for the quarter ended September 30, 2024, compared with $272 million in the year-ago quarter.

Secure Energy Services (SES.TO) reported a net income of $94 million for the third-quarter this year, compared with $47 million in the year-ago quarter.

Methanex Corporation (MX.TO) announced today the successful syndication of acquisition financing to support the earlier announced agreement to acquire OCI Global's international methanol business for $2.05 billion.

After a weak start and a subsequent modest upmove, the Canadian market retreated Tuesday morning and spent the rest of the day's session in negative territory as investors digested quarterly earnings updates from Canadian and U.S. companies and awaited some crucial economic data for directional cues.

The benchmark S&P/TSX Composite Index ended down 3.11 points or 0.01% at 24,562.55. The index touched a low of 24,461.86 and a high of 24,591.36 intraday.

Asian stocks ended broadly lower on Wednesday, as earnings from Google parent Alphabet and chipmaker AMD proved to be a mixed bag and the European Union announced the imposition of additional tariffs on electric vehicles imported from China, prompting an angry response from Beijing.

Caution ahead of key U.S. economic data due this week and next week's presidential election also kept investors on the sidelines.

European stocks are notably lower with investors digesting the latest batch of earnings announcements and economic data, and looking ahead to the U.K. government's budget.

In commodities, West Texas Intermediate crude oil futures are up $0.84 or 1.23% at $68.05 a barrel.

Gold futures are up $7.80 or 0.28% at $2,788.90 an ounce, while Silver futures are down $0.296 or 0.86% at $34.145 an ounce.

European Shares Seen Tad Lower Ahead Of ECB And BoE Rate Decisions

European stocks are seen opening a tad lower on Thursday as investors await key U.S. consumer price inflation data later in the day for fresh guidance on the outlook for interest rates.

RTTNews | 2j 16min yang lalu

Indian Shares Open Lower On Sluggish Global Cues

Indian shares opened lower on Thursday, tracking weak cues from global markets and amid uncertainty over a trade deal with the United States.

RTTNews | 3j 10min yang lalu

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming its early losses in mid-market moves on Thursday, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,600 level, with weakness in gold miners and technology stocks as well as a mixed performance in most other sectors.

RTTNews | 4j 37min yang lalu

Asian Markets Track Wall Street Lower

Asian markets are trading mostly lower on Thursday, following the negative cues from Wall Street overnight, on continuing concerns over the valuation of technology stocks, mirroring the steep drop on tech-heavy Nasdaq. Traders seemed reluctant to make significant moves ahead of the release of report on US consumer price inflation later in the day, which could impact the outlook for interest rates.

RTTNews | 4j 51min yang lalu

Indian Shares Set To Follow Global Peers Lower

Indian shares look set to open lower on Thursday, tracking weak cues from global markets. Uncertainty over a trade deal with the United States, sustained foreign capital outflows and higher oil prices may also weigh on markets as the session progresses.

RTTNews | 5j 15min yang lalu

Thai Stock Market Likely To Open Under Pressure

The Thai stock market has moved lower in back-to-back sessions, slipping more than 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,255-point plateau and it may extend its losses on Thursday.

RTTNews | 5j 55min yang lalu

Canadian Dollar Falls Against U.S. Dollar

The Canadian dollar declined against the U.S. dollar in the New York session on Wednesday.

RTTNews | 6j 6min yang lalu

Lower Open Expected For Indonesia Stock Market

The Indonesia stock market has alternated between positive and negative finishes through the last 11 trading days since the end of the two-day winning streak in which it had picked up almost 110 points or 1.3 percent. The Jakarta Composite Index now sits just above the 8,675-point plateau and it's expected to open under water again on Thursday.

RTTNews | 6j 25min yang lalu

EURUSD	1.17456	GBPUSD	1.33683	AUDUSD	0.66082
USDJPY	155.873	USDCAD	1.37727	USDCHF	0.79496