Bay Street Likely To Open Mixed; Corporate Earnings In Focus

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(RTTNews) - Canadian shares are likely to open on a mixed note on Thursday with investors reacting to a slew of earnings updates, and the mixed trend in the commodities markets.

In earnings news, BCE Inc. (BCE.TO) reported adjusted net income of $691 million for the fourth quarter of 2023, compared to $654 million a year ago.

Thomson Reuters Inc (TRI.TO) reported adjusted EBITDA of US$707 million for the quarter ended December 2023, compared with US$633 million in the year-ago quarter.

Colliers International Group Inc. (CIGI.TO) reported fourth-quarter revenues of US$1,235.2 million, compared with US$1,222.4 million in the year-ago quarter.

Bombardier Inc (BBD.A.TO) reported adjusted EBITDA of $1.23 billion for 2023, up 32% from the previous year.

Lightspeed Commerce Inc (LSPD.TO) reported third-quarter net loss of $40.2 million, compared to a net loss of $814.8 million in the year-ago quarter.

The Canadian market ended slightly up on Wednesday after a lackluster session as investors largely refrained from making significant moves amid a lack of triggers. Uncertainty about interest rates rendered the mood cautious.

The benchmark S&P/TSX Composite Index ended up 11.44 points or 0.05% at 20,969.18, after scaling a low of 20,900.94 and a high of 20,990.69 intraday.

Asian stocks ended mixed on Thursday as caution crept in before the Lunar New Year holidays. Treasuries were unchanged and the dollar moved in a tight range amid Fed rate cut uncertainty.

Despite geopolitical tensions and uncertainty about the Federal Reserve's interest-rate trajectory, European stocks are broadly higher with investors tracking a slew of earnings updates for direction.

In commodities, West Texas Intermediate Crude oil futures are up $0.91 or 1.25% at $74.77 a barrel.

Gold futures are down $13.30 or 0.65% at $2,038.40 an ounce, while Silver futures are down marginally at $22.340 an ounce.

TSX Down Marginally In Lackluster Trade

Canadian stocks are turning in a mixed performance in somewhat lackluster trade on Friday, with investors focusing on the upcoming US - Russia summit that could help end the war in Ukraine.

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Swiss Market Ends On Firm Note

The Switzerland market ended on a firm note on Friday with stocks from across several sectors gaining ground on sustained buying support. The mood remained positive right through the day's session, amid some expectations about an end to the Ukraine war.

RTTNews | 1h 46minuter sedan

European Stocks Close Mixed After Cautious Session

European stocks closed on a mixed note on Friday with investors largely staying cautious, awaiting the meeting of the Presidents of the U.S. and Russia, and continuing to assess Trump administration's tariff moves and their impact on global economic growth.

RTTNews | 2h 5minuter sedan

U.S. Business Inventories Rise In Line With Estimates In June

A report released by the Commerce Department on Friday showed business inventories in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said business inventories rose by 0.2 percent in June after coming in unchanged in May. The uptick matched expectations.

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U.S. Consumer Sentiment Unexpectedly Deteriorates In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.

RTTNews | 4h 0minuter sedan

U.S. Industrial Production Pulls Back Slightly In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.

RTTNews | 4h 29minuter sedan

New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August. The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.

RTTNews | 4h 54minuter sedan

U.S. Consumer Sentiment Index Unexpectedly Decreases In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday.

RTTNews | 5h 20minuter sedan

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