Bay Street Likely To Open On Mixed Note

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(RTTNews) - Canadian shares are likely to open on a mixed note on Friday with investors reacting to the nation's GDP data, and treading cautiously ahead of the February 1 deadline for the imposition of trade duties on Canada.

Data from Statistics Canada showed Canadian real gross domestic product decreased 0.2% in November. According to preliminary estimates, the economy rebounded in December and GDP likely grew 0.2%.

In earnings news, Imperial Oil Ltd. (IMO.TO) reported that fourth-quarter net income declined to C$1.23 billion or C$2.37 per share from C$1.37 billion or C$2.47 per share in the prior-year quarter. Total revenues and other income for the quarter decreased to C$12.61 billion from C$13.11 billion in the same quarter last year.

Analysts polled expected the company to report earnings of C$2.18 per share on revenues of C$13.21 billion for the quarter.

The Canadian market climbed to a record high on Thursday, lifted by strong gains in technology and materials sectors. While encouraging earnings from a few big name U.S. tech companies triggered heavy buying in the tech space, firm metal prices pushed up materials shares.

Healthcare, utilities, real estate and industrials stocks were the other major gainers.

Investors digested U.S. and European economic data, and the European Central Bank's monetary policy announcement.

The benchmark S&P/TSX Composite Index ended with a solid gain of 334.95 points or 1.31% at 25,808.25. The index scaled a fresh record high of 25,875.61 in the session.

Most Asian markets rose on Friday following encouraging earnings updates from Apple and Intel. Seoul stocks underperformed amid a sell-off in tech shares on concerns over China's growing AI capabilities.

The major European markets are up in positive territory, reacting to some encouraging earnings news, and on optimism about more monetary easing by central banks.

In commodities, West Texas Intermediate Crude oil futures are up $0.23 or about 0.32% at $72.96 a barrel.

Gold futures are flat at $2,854.20 an ounce, while Silver futures are gaining $0.177 or 0.54% at $32.670 an ounce.

Sensex, Nifty Marginally Higher In Early Trade

Indian shares were marginally higher on Wednesday despite rising oil prices and weak cues from global markets.

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Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.

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Asian Markets Trade Mixed

Asian stock markets are trading mixed on Wednesday, following the negative cues from Wall Street overnight, as traders remain cautious amid renewed uncertainty among various nations trading with the US, many of which have concluded tariff deals, after a US Appeals Court ruled that US President Donald Trump's "reciprocal tariffs" are illegal. Asian markets closed mixed on Tuesday.

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Sensex, Nifty Set To Open Lower Amid Rising Global Bond Yields

Indian shares look set to open on a weak note on Wednesday, with trade tensions and caution ahead of the two-day Goods and Services Tax (GST) Council meeting, scheduled for Sept 3-4, likely to keep investors on edge.

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Win Streak May End For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, adding more than a dozen points or 1 percent in that span. The Stock Exchange of Thailand now sits just shy of the 1,250-point plateau although the rally may stall on Wednesday.

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Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Wednesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 42,250 level, with weakness in index heavyweights, financial and technology stocks partially offset by gains in exporter stocks.

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Lower Open Called For Hong Kong Stock Market

The Hong Kong stock market on Wednesday ended the two-day winning streak in which it had picked up almost 620 points or 2.4 percent. The Hang Seng Index now sits just shy of the 25,500-point plateau and it's expected to open in the red again on Wednesday.

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Australian Market Notably Lower

Australian shares are trading notably lower on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.

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EURUSD	1.16311	GBPUSD	1.33695	AUDUSD	0.65206
USDJPY	148.582	USDCAD	1.37924	USDCHF	0.80519