Bay Street Likely To Open Lower

RTTNews | 39 days ago
Bay Street Likely To Open Lower

(RTTNews) - Canadian shares look headed for a weak start Friday morning, tracking lower commodity prices and weak European stocks. Geopolitical tensions and tariff concerns are likely to weigh on sentiment.

Canadian retail sales data for the month of January, and new housing price index score for the month of February, are due at 8:30 AM ET.

Retail sales in Canada likely eased by 0.4% in January 2025, compared to a month earlier, according to preliminary estimates.

Premium Brands Holdings Corp (PBH.TO) reported quarterly adjusted earnings of C$1.05?? per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 85 cents. Revenue rose 5.4% to C$1.64 billion from a year ago, and the quarterly net income was C$37.3 million.

The Canadian market ended slightly down on Thursday as concerns about growth outlook and rising trade tensions weighed on sentiment. Reports that Canadian Prime Minister Mark Carney may call a snap election in late April raised uncertainty on the political front.

The benchmark S&P/TSX Composite Index ended down 8.97 points or 0.04% at 25,060.24. The index, which tumbled to 24,923.12 in early trades, climbed to 25,174.97 around late morning, but retreated to around 25,000 before recovering some lost ground.

Asian stocks turned in a mixed performance on Friday as tariff worries and rising Middle East tensions prompted traders to book some profits after recent gains.

Reports of Israeli airstrikes on Gaza and fresh U.S. sanctions on Iran pushed crude oil prices higher, reigniting worries about inflation and raising bets the Federal Reserve may delay rate cuts.

European stocks are broadly lower today, weighed down by concerns about the outlook for growth due to tarrifs and Middle East tensions.

In commodities, West Texas Intermediate Crude oil futures are down $0.25 or 0.37% at $67.82 a barrel.

Gold futures are down marginally at $3,042.90 an ounce, while Silver futures are lower by $0.221 or 0.65% at $33.770 an ounce.

read more
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares struggled for director on Wednesday as investors watched the latest developments on the trade front and awaited key U.S. inflation data for additional clues on the Fed's rate trajectory.
RTTNews | 24 minutes ago
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market moves on Wednesday, adding to the gains in the previous four sessions, with the benchmark S&P/ASX 200 moving up to near the 8,100 level, following the broadly positive cues from Wall Street overnight, with gains financial and technology stocks partially offset by weakness in energy stocks.
RTTNews | 1h 17min ago
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, amid the ongoing uncertainty about the tariff war and fears of a global economic slowdown. There are also some positive developments on the trade front, with US Commerce Secretary Howard Lutnick telling CNBC the Trump administration has reached its first trade deal.
RTTNews | 1h 44min ago
Sensex, Nifty Likely To Open On Cautious Note

Sensex, Nifty Likely To Open On Cautious Note

Indian shares may open on a cautious note Wednesday after a slew of U.S. companies suspended or tweaked their full year guidance and Samsung Electronics flagged macroeconomic uncertainties due to trade tensions and a slowdown in global growth.
RTTNews | 2h 9min ago
Thai Stock Market May Extend Winning Streak

Thai Stock Market May Extend Winning Streak

The Thai stock market has moved higher in three straight sessions, gathering almost 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,170-point plateau and it may tick higher again on Wednesday.
RTTNews | 2h 44min ago
Additional Support Expected For Indonesia Stock Market

Additional Support Expected For Indonesia Stock Market

The Indonesia stock market has moved higher in three straight sessions, advancing almost 140 points or 2.2 percent along the way. The Jakarta Composite Index now rests just beneath the 6,750-point plateau and it may extend its gains again on Wednesday.
RTTNews | 3h 14min ago
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Wednesday, extending the gains in the previous four sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving up to near the 35,900 level, with gains in exporters and financial stocks partially offset by weakness in automakers and technology stocks.
RTTNews | 3h 18min ago
Hong Kong Shares Tipped To Open In The Green

Hong Kong Shares Tipped To Open In The Green

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had jumped more than 1,000 points or 4.5 percent. The Hang Seng Index now sits just above the 22,000-point plateau and it may add to its winnings on Wednesday.
RTTNews | 3h 29min ago