Bay Street Eyes U.S. Data; Technology Stocks Likely To Rise On Strong U.S. Tech Earnings

RTTNews | 572 gün önce

(RTTNews) - Key U.S. economic data, including non-farm payrolls employment, factory orders, and the University of Michigan's report on consumer confidence, are set to determine the trend on Wall Street and Bay Street in early trades on Friday.

Technology stocks are likely to fare reasonably well thanks to strong results from Meta Platforms, Amazon Inc., and Apple Inc.

In Canadian earnings news, Open Text Corporation (OTEX.TO) reported adjusted EBITDA of $566.3 million for the second-quarter, up 66.1% over the adjusted EBITDA of $340.9 million in the year-ago quarter.

Brookfield Business Partners (BBU.UN.TO) announced that net income attributable to Unitholders for the year ended December 31, 2023 was $1,405 million, compared to net income of $98 million in the prior year. The firm said current year results include net gains primarily related to the sale of our nuclear technology services operation.

The Canadian market shrugged off early weakness and ended on a firm note on Thursday, led by gains in materials, industrials, consumer sectors.

The benchmark S&P/TSX Composite Index ended with a gain of 97.33 points or 0.46% at 21,119.21. The index climbed to 21,189.26 in early trades, but dropped to 20,980.93 around late morning, but recovered gradually as the session progressed to eventually close well above the flat line.

Asian stocks ended higher on Friday after Meta and Amazon delivered forecast beating results. iPhone maker Apple also delivered strong results for its fiscal first quarter, but its China sales missed Wall Street targets. A weaker dollar and falling yields contributed as well to the positive sentiment in Asian markets.

Chinese shares fell sharply despite promises of further fiscal stimulus from the government to boost the government amid a deepening property slump.

European markets are modestly higher in cautious trade, a day after the Bank of England signaled that it will likely lower borrowing costs this year for the first time since 2020. Data showing strong industrial production growth in France is aiding sentiment.

In commodities, West Texas Intermediate Crude oil futures are down $0.05% at $73.77 a barrel.

Gold futures are gaining $1.30 at $2,072.40 an ounce, while Silver futures are up $0.068 at $23.305 an ounce.

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.

RTTNews | 25 dakika önce

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.

RTTNews | 26 dakika önce

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 | 1s 51 dakika önce

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 | 2s 6 dakika önce

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 | 2s 37 dakika önce

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 | 2s 49 dakika önce

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 | 2s 57 dakika önce

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 | 3s 6 dakika önce

EURUSD	1.16397	GBPUSD	1.35043	AUDUSD	0.65102
USDJPY	147.157	USDCAD	1.37818	USDCHF	0.80164