Bay Street Likely To See Lackluster Start

RTTNews | 7 일 전

(RTTNews) - Subdued U.S. and Canadian futures point to a lackluster start for the Canadian shares on Thursday. Weak gold and silver prices are likely to weigh on materials stocks. Energy stocks may find some support and limit market's downside.

In economic news, a report from the Canadian Federation of Independent Business said Canada's CFIB Business Barometer long-term index rose 3.4 points to 50.9 in July, the highest since January and the second reading above the 50-point threshold this year.

Investors will be focusing on the developments on the trade front, and tracking corporate news for directional clues.

Canadian stocks rose closer to previous record highs on Wednesday amid flat US PPI data along with resilient Canadian housing activity.

The benchmark S&P/TSX Composite Index hit an intraday high of 27,159.87 before settling at 27,152.97, up by 98.83 or 0.37%.

Asian stocks rose broadly on Thursday after U.S. President Donald Trump denied that he plans to fire Federal Reserve Chairman Jerome Powell.

"We're not planning on doing it," he said Wednesday at the White House. "I don't rule out anything," he added, "but I think it's highly unlikely, unless he has to leave for fraud."

The major European markets are up in positive territory, recovering from recent losses. Optimism about the European Union striking a deal with the U.S., and some encouraging corporate updates appear to be aiding sentiment.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.33 or 0.5% at $66.71 a barrel.

Gold futures are down $25.60 or 0.76% at $3,333.50 an ounce, while Silver futures are down $0.129 or 0.34% at 37.990 an ounce.

U.S. New Home Sales Rebound Much Less Than Expected In June

After reporting a steep drop by new home sales in the U.S. in the previous month, the Commerce Department released a report on Thursday showing a modest rebound by new home sales in the month of June. The Commerce Department said new home sales rose by 0.6 percent to an annual rate of 627,000 in June after plummeting by 11.6 percent to a rate of 623,000 in May.

RTTNews | 31 분 전

U.S. Initial Jobless Claims Unexpectedly Dip To 217,000

The Labor Department released a report on Thursday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended July 19th. The report said initial jobless claims edged down to 217,000, a decrease of 4,000 from the previous week's unrevised level of 221,000. Economists had expected jobless claims to rise to 227,000.

RTTNews | 1 시간 13 분 전

ECB Leaves Rates Unchanged As Expected

The European Central Bank held its key interest rates steady on Thursday, in line with expectations, as policymakers assessed that price pressures continue to ease, but acknowledged that the economic environment remains highly uncertain mainly due to the trade tariff wars.

RTTNews | 1 시간 57 분 전

UK Private Sector Growth Moderates On Services Activity

UK private sector output continued to grow in July but the pace of expansion moderated as services activity lost momentum, flash survey results from S&P Global revealed on Thursday. The composite output index slid to 51.0 in July from 52.0 in June. The reading was also above the forecast of 51.9.

RTTNews | 2 시간 38 분 전

Bay Street Likely To Open On Mixed Note; Trade Talks, Earnings In Focus

Canadian shares are likely to open on a mixed note Thursday morning with investors focusing on trade talks between Canadian and U.S. officials, and reacting to the latest batch of economic data. The focus will also be on U.S. President Donald Trump's visit to the Federal Reserve today. Ahead of next week's policy meeting of the Fed, the visit looks significant.

RTTNews | 3 시간 9 분 전

Eurozone Private Sector Growth At 11-Month High

The euro area private sector grew at the fastest pace in almost a year in July as the recession in the manufacturing sector is coming to an end, flash survey results from S&P Global revealed Thursday. The HCOB composite output index posted 51.0 in July, up from 50.6 in the previous month. A score above 50.0 signals expansion.

RTTNews | 3 시간 12 분 전

Honeywell Lifts FY25 Outlook Above Markt After Q2 Beats Street

Honeywell International Inc. (HON), which is preparing to separate into three public companies, on Thursday lifted its fiscal 2025 outlook for earnings and revenues after reporting higher second-quarter results above market estimates. In pre-market activity on the Nasdaq, Honeywell shares were losing around 1.4 percent.

RTTNews | 4 시간 33 분 전

FTSE 100 Up Nearly 1% On Encouraging Earnings Updates

U.K. stocks are up firmly in positive territory Thursday morning amid easing concerns about trade, as the U.S. and EU appear set to strike a deal sometime soon. Investors are also reacting to earnings updates and the latest batch of regional economic data.

RTTNews | 5 시간 7 분 전

EURUSD	1.17667	GBPUSD	1.35264	AUDUSD	0.65991
USDJPY	146.88	USDCAD	1.36424	USDCHF	0.79563

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Bay Street Likely To See Lackluster Start