Bay Street Likely To Open With Positive Bias

RTTNews | 854 hari yang lalu

(RTTNews) - The Canadian market may open with a positive bias on Wednesday, as technology shares are likely to see some buying after U.S. tech majors Microsoft and Alphabet reported stronger than expected quarterly earnings.

Activity may well remain stock specific with investors reacting to a slew of earnings announcements from Canadian companies.

Precision Drilling Corp. (PD.TO) reported first quarter net earnings of C$96 million or C$5.57 per share compared with a net loss of C$44 million or a C$3.25 loss per share in the first quarter of 2022.

Cenovus Energy Inc (CVE.TO) reported net earnings of $636 million for the quarter ended March 31, 2023, compared with net earnings of $784 million in the corresponding quarter of the previous year.

Rogers Communications Inc (RCI.A.TO) reported adjusted net income of $553 million for the three months ended March 31, 2023, compared with adjusted net income of $462 million a year ago.

CGI Inc (GIB.A.TO) reported net earnings of $419.4 million inthe second-quarter of its current financial year, up $12.7% from a year ago.

FirstService Corp (FSV.TO) reported consolidated revenues of $1.02 billion for the first quarter, up 22% relative to the same quarter in the prior year.

The Canadian market ended sharply lower on Tuesday, dragged down by losses in energy, financials, industrials and technology stocks. Concerns about turmoil in the banking sector resurfaced after First Republic reported a loss of more than $100 billion in deposits in the first quarter. Disappointing results from several other U.S. companies to hurt sentiment.

The benchmark S&P/TSX Composite Index ended with a loss of 236.87 points or 1.15% at 20,439.87, a six-week closing low.

Asian stocks ended weak on Wednesday, although regional losses remained capped by consensus-beating earnings results from tech giants Microsoft and Alphabet. Economic jitters and interest rate concerns weighed on sentiment.

European stocks are down firmly in negative territory, weighed down by weak U.S. economic data and worries about interest rates and banking sector jitters.

In commodities trading, West Texas International Crude oil futures are down $0.21 or 0.27% at $76.86 a barrel.

Gold futures are up $1.30 or 0.07% at $2,005.80 an ounce, while Silver futures are gaining $0.243 or 0.98% at $25.125 an ounce.

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | 52 minit yang lalu

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.

RTTNews | 1j 7min yang lalu

Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect

Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.

RTTNews | 1j 38min yang lalu

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.

RTTNews | 1j 49min yang lalu

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.

RTTNews | 1j 58min yang lalu

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.

RTTNews | 2j 6min yang lalu

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | 2j 14min yang lalu

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of 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 7,935-point plateau and it may add to its winnings on Thursday.

RTTNews | 2j 36min yang lalu

EURUSD	1.16403	GBPUSD	1.35071	AUDUSD	0.65119
USDJPY	147.14	USDCAD	1.37786	USDCHF	0.80151