Bay Street Likely To Open With Positive Bias

RTTNews | 156 dias atrás

(RTTNews) - Canadian shares may open with a positive bias Monday morning, tracking higher crude oil and bullion prices. However, concerns about the impact of U.S. tariffs may weigh on sentiment and limit market's upside.

Canada's CFIB Business Barometer long-term index, which measures 12-month forward expectations for business performance, tumbled 24.8 points to a record low of 25.0 in March, the levels seen during the 2020 pandemic, and the 9/11 attacks. The reading marked the largest monthly drop since the index's inception in 2000.

MAG Silver Corp (MAG.TO) reported that its net income for fiscal 2024 rose to US$77.8 million, or US$0.75 per share, from US$47.8 million, or US$0.47 per share, last year.

The Canadian market ended weak on Friday, extending losses from the previous session, amid ongoing concerns about the economic outlook along with rising geopolitical tensions and uncertainty about the impact of President Donald Trump's tariffs.

Negative sentiment may also have been generated in reaction to a report from Statistics Canada showing Canadian retail sales fell by 0.6% in January, led by decreases at motor vehicle and parts dealers.

The benchmark S&P/TSX Composite Index regained ground after an early slump but still closed down 91.75 points or 0.4% at 24,968.49.

Asian stocks ended mixed on Monday as investors awaited clarity on the next round of tariffs from U.S. President Donald Trump set for April 2.

Oil and gold prices edged up slightly in Asian trade as the dollar resumed fall after a modest recovery in recent days.

China's Shanghai Composite index edged up by 0.15 percent to 3,370.03 after U.S. President Donald Trump said his top trade chief, Jamieson Greer, will hold talks with his Chinese counterpart this week on tariffs.

Chinese Premier Li Qiang said the country is prepared for "shocks that exceed expectations" from the looming tariff announcement.

European stocks pared early gains and are turning in a mixed performance Monday afternoon with investors digesting regional manufacturing and service sector activity data, and awaiting clarity on

In commodities, West Texas Intermediate Crude oil futures are up $0.40 or 0.59% at $68.68 a barrel.

Gold futures are gaining $9.20 or 0.3% at $3,030.60 an ounce, while Silver futures are up $0.159 or 0.47% at $33.645 an ounce.

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | 14 minutos atrás

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.

RTTNews | 29 minutos atrás

Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect

Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.

RTTNews | 1h 0min atrás

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.

RTTNews | 1h 11min atrás

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.

RTTNews | 1h 20min atrás

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.

RTTNews | 1h 29min atrás

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | 1h 36min atrás

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,935-point plateau and it may add to its winnings on Thursday.

RTTNews | 1h 59min atrás

EURUSD	1.16489	GBPUSD	1.35139	AUDUSD	0.65183
USDJPY	147.22	USDCAD	1.3774	USDCHF	0.8013