Bay Street Likely To Open Higher On Positive Global Cues

RTTNews | 172日前

(RTTNews) - Higher U.S. and Canadian futures, firm commodity prices and rising European stocks point to a positive start for the Canadian market on Friday. Trade war worries might weigh a bit and limit market's upside.

Wheaton Precious Metals (WPM.TO) reported adjusted net earnings of $198.97 million for the fourth quarter of 2024, compared with $164.57 million a year ago.

NFI Ltd., (NFI.TO) reported fourth quarter net earnings of $18.6 million, an increase of $20.9 million. Net earnings per share came in at $0.16.

Data on manufacturing sales and new motor vehicles sales for the month of January, are due at 8:30 AM ET.

The Canadian market ended notably lower on Thursday, with its benchmark S&P/TSX Composite Index falling to a four-and-a-half-month low, as rising concerns about global economic growth due to the trade war triggered heavy selling at several counters from across various sectors.

After U.S. President Donald Trump slapped new tariffs on steel and aluminum exported by Canada into the U.S., the Canadian government announced retaliatory tariffs on $29.8 billion of U.S. goods. Trump also threatened to impose a 200% tariff on wines, champagnes and alcoholic products imported into the U.S. from France and other countries in the European Union.

The S&P/TSX Composite Index closed down 220.11 points or 0.9% at 24,203.23, nearly 60 points off the day's low of 24,145.59.

Asian stocks ended mostly higher on Friday after U.S. Senate Minority Leader Chuck Schumer said he plans to vote for a Republican bill to fund the government through September, helping ease worries about a potential federal government shutdown.

Chinese and Hong Kong markets rallied after Chinese authorities announced late on Thursday that they would hold a press conference on "boosting consumption" on Monday.

European stocks are up firmly in positive territory today with investors shrugging off tariff concerns now, and focusing on earnings and other corporate news. Some optimism about a ceasefire in Ukraine, and bargain hunting in banking and mining sectors contribute to the rise in stock prices.

In commodities, West Texas Intermediate Crude oil futures are up $0.43 or 0.63% at $66.98 a barrel.

Gold futures are gaining $17.40 or 0.58% at $3,008.70 an ounce, while Silver futures are up $0.409 or 1.19% at $34.715 an ounce.

South Korea Shares May Head South Again On Wednesday

The South Korea stock market on Tuesday ended the two-day slide in which it had given up mor than 50 points or 1.6 percent. The KOSPI now rests just above the 3,170-point plateau although it's expected to turn lower again on Wednesday.

RTTNews | 19分前

Australia GDP Data Due On Wednesday

Australia will on Wednesday release Q2 figures for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GP is expected to rise 0.5 percent on quarter and 1.6 percent on year, up from 0.2 percent on quarter and 1.3 percent on year in the three months prior.

RTTNews | 1時19分前

U.S. Dollar Climbs Amid Rising Treasury Yields

The U.S. dollar strengthened against its major counterparts in the New York session on Tuesday, as investors awaited upcoming nonfarm payrolls data.

RTTNews | 1時44分前

Swiss Shares Extend Losing Streak

The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.

RTTNews | 6時30分前

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.

RTTNews | 6時36分前

European Markets Finish In The Red On Tuesday

The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.

RTTNews | 6時43分前

U.S. Construction Spending Unexpectedly Edges Lower In July

A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.

RTTNews | 8時44分前

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Pizza, the largest pizza company in the world, announced the launch of two new Bread Bite flavors: Cinnamon and Garlic, to join Domino's Parmesan Bread Bites, adding to its line of oven-baked mouthwatering options for customers to enjoy.

RTTNews | 8時56分前

EURUSD	1.16338	GBPUSD	1.33852	AUDUSD	0.65181
USDJPY	148.514	USDCAD	1.37851	USDCHF	0.805