Bay Street May Open On Positive Note

RTTNews | 252 hari yang lalu

(RTTNews) - Canadian shares are likely to open higher on Wednesday, tracking firm crude oil and marginally higher gold prices. The focus is on the Federal Reserve's interest rate decision due later in the day.

The Fed is widely expected to lower interest rate by 25 basis points. The central bank's Summary of Economic Projections and a press conference by Fed Chair Jerome Powell could signal changes in the size and pace of projected future rate cuts.

Organigram Holdings Inc. (OGI.TO) reported a narrower net loss for the fourth quarter, helped by increased revenue and a decline in costs. For the three-month period to September 30, the firm recorded a net loss of C$5.433 million, compared with a loss of C$26.595 million, registered for the same period last year.

Canadian Western Bank (CWB.TO) reported fourth quarter net income of $62 million and adjusted EPS of $0.67, down 19% and 29%, respectively, compared to the same quarter last year.

The Canadian market extended its losing streak on Tuesday although the downside was just marginal thanks to investors picking up several stocks from technology, healthcare and real estate sectors.

The market digested the nation's consumer price inflation data and looked ahead to the U.S. Federal Reserve's monetary policy announcement on Wednesday.

The benchmark S&P/TSX Composite Index ended with a marginal oss of 27.50 points or 0.11% at 25,119.71, recovering gradually from an early low of 25,008.08.

Asian stocks ended mixed in cautious trade on Wednesday as investors waited for the Federal Reserve's policy announcement later in the day.

European stocks are slightly higher in cautious trade ahead of upcoming Fed and BoE meetings. The British pound held steady despite new data showing that U.K. inflation rose to an eight-month high in November.

In commodities, West Texas Intermediate Crude oil futures are up $0.60 or 0.86% at $70.68 a barrel.

Gold futures are gaining $1.50 or 0.06% at $2,663.50 an ounce, while Silver futures are down $0.021 or 0.07% at $30.900 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 | 17 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 | 32 minit 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 2min 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 14min 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 22min 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 | 1j 31min 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 | 1j 39min 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 1min yang lalu

EURUSD	1.16472	GBPUSD	1.3514	AUDUSD	0.65185
USDJPY	147.216	USDCAD	1.37731	USDCHF	0.80132