Bay Street Likely To Open Slightly Higher

RTTNews | vor 301 Tagen

(RTTNews) - Canadian shares may open with a slightly positive bias on Wednesday, tracking higher crude oil and bullion prices. U.S. consumer price inflation data is likely to make an impact on investor sentiment.

Loblaw Companies Limited (L.TO) reported adjusted net earnings of $767 million for the third-quarter, an increase of $48 million, or 6.7%, compared to a year ago.

Hudbay Minerals (HBM.TO) reported net earnings of $49.8 million, or $0.13 per share in the third quarter of 2024, compared to net loss of $16.6 million, or $0.05 per share in the year-ago quarter.

Maple Leaf Foods Inc. (MFI.TO) reported earnings for the third quarter of 2024 were $18 million ($0.14 per basic share) compared to a loss of $4 million ($0.04 loss per basic share) last year.

The Canadian market closed on a firm note on Tuesday thanks to strong gains in technology stocks after Shopify reported strong quarterly earnings and came up with encouraging revenue guidance.

The benchmark S&P/TSX Composite Index, which rose to a new all-time high of 25,024.93, ended the session with a gain of 133.73 points or 0.54% at 24,923.01.

Asian stocks hit two-month lows on Wednesday as investors fretted about the impact of U.S. President-elect Trump's proposed tariffs on inflation and interest rates. Trump's choice of China hawks in his Cabinet and China's faltering growth also kept investors on the sidelines.

Traders are currently pricing in about two Fed rate cuts through June, against almost four seen at the start of last week.

European stocks are weak, extending recent losses, amid concerns that Donald Trump's protectionist policies would put upward pressure on inflation and hamper global growth.

Eurozone bond yields pushed higher as investors awaited key U.S. consumer and producer inflation readings this week for hints of a possible Federal Reserve rate cut in December.

In commodities, West Texas Intermediate Crude oil futures are up $0.25 or 0.37% at $68.37 a barrel.

Gold futures are gaining $9.20 or 0.35% at $2,615.50 an ounce, while Silver futures are up $0.186 or 0.6% at $30.945 an ounce.

U.S. Dollar Rises Against Majors

The U.S. dollar strengthened against other major currencies in the Asian session on Thursday.

RTTNews | vor 28 Minuten

European Economic News Preview: ECB To Hold Key Rates

The European Central Bank is set to hold its key interest rates for the second straight session on Thursday as inflation stayed around the target and the economy showed resilience to higher tariffs. Markets expect the ECB to retain the deposit rate at 2.00 percent. The refinancing rate is seen unchanged at 2.15 percent and the marginal lending rate at 2.40 percent.

RTTNews | vor 59 Minuten

European Shares Seen Opening Mixed Before ECB Rate Decision

European stocks may open on a mixed note Thursday, with technology stocks seen rising following stronger commentary from Oracle management over the future of its cloud infrastructure business.

RTTNews | vor 2Std 12 Minuten

Sensex, Nifty Little Changed After Recent Gains

Indian shares were little changed on Thursday after recent gains on optimism over GST reforms, hopes of Federal Reserve interest-rate cuts and comments from U.S. President Donald Trump suggesting that his administration is continuing negotiations to address trade barriers with India.

RTTNews | vor 3Std 5 Minuten

Australian Market Maintains Early Losses In Mid-market

The Australian market is maintaining its early losses in mid-market moves on Thursday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to 8,800 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.

RTTNews | vor 4Std 22 Minuten

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the mixed cues from Wall Street overnight, on increasing optimism the US Fed will lower interest rates a couple of times this year after report showed softer-than-expected US producer price figures, while traders await US consumer inflation data later in the day. Asian markets closed mostly higher on Wednesday.

RTTNews | vor 4Std 47 Minuten

Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Thursday after reports emerged that the sixth round of talks over an India-United States trade agreement will take place shortly.

RTTNews | vor 5Std 9 Minuten

Soft Start Expected For Thai Stock Market

The Thai stock market has moved higher in four straight sessions, adding more than 25 points or 2.1 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,280-point plateau although it's likely to open to the downside on Thursday.

RTTNews | vor 5Std 45 Minuten

EURUSD	1.16934	GBPUSD	1.35157	AUDUSD	0.66112
USDJPY	147.792	USDCAD	1.38773	USDCHF	0.79945