Advertisement
Bay Street Looks Headed For Positive Start
(RTTNews) - Canadian shares are likely to open higher on Wednesday, tracking positive cues from European markets and firm commodity prices. U.S. consumer price inflation data, due before the opening bell, is likely to make a significant impact on investor mood.
On the Canadian economic front, data on Canadian manufacturing, wholesale and new motor vehicles sales are due at 8:30 AM ET.
In company news, TRX Gold Corp. (TRX.TO) reported a net income of $2.137 million for the three months ended November 30, 2024, compared with loss of $0.039 million, recorded for the same period last year.
Fortuna Mining Corp. (FSM.TO) announced that it has signed an agreement to sell its entire stake in Compaia Minera Cuzcatlan S.A. de C.V., the owner of the San Jose Mine, to Minas del Balsas S.A. de C.V., a private Mexican company.
CI Financial Corp's (CIX.TO) subsidiary Corient announced on Wednesday that it has acquired the multi-family office business of Geller & Company.
The Canadian market closed modestly higher on Tuesday, lifted by gains in mining stocks. The mood remained cautious with investors looking ahead to U.S. consumer price inflation for more clarity about the outlook for Fed interest rates.
The benchmark S&P/TSX Composite Index closed with a gain of 52.26 points or about 0.2% at 24,588.58.
Asian stocks ended little changed on Wednesday after reports emerged that U.S. President-elect Donald Trump's economic advisers are discussing slowly ramping up tariffs month by month.
Investors also digested soft U.S. producer inflation print and waited for the release of December CPI data later in the day for greater clarity on the path of Federal Reserve rates over the coming months.
European stocks are up in positive territory with solid gains as bond yields eased and data showed a slowdown in British consumer price inflation.
In commodities, West Texas Intermediate Crude oil futures are up $0.23 or 0.3% at $77.73 a barrel.
Gold futures are gaining $24.50 or .91% at $2,706.80 an ounce, while Silver futures are up $0.314 or 1.03% at $30.665 an ounce.
read more
Hong Kong Shares Poised To Open To The Upside
The Hong Kong stock market has moved higher in consecutive trading days, climbing more than 675 points or 2.7 percent along the way. The Hang Seng Index now sits just above the 25,630-point plateau and it may see mild upside again on Tuesday.
The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead.
The Hang Seng finished modestly higher on Monday following gains from the property stocks, technology companies and financial shares.
For the day, the index gained 215.93 points or 0.85 percent to finish at 25,633.91 after trading between 25,387.81 and 25,664.01.
Among the actives, Alibaba Group spiked 4.17 percent, while ANTA Sports climbed 0.85 percent, China Life Insurance sank 0.35 percent, China Mengniu Dairy and Nongfu Spring both shed 0.20 percent, China Resources Land improved 0.45 percent, CITIC surged 6.81 percent, CNOOC added 0.40 percent, CSPC Pharmaceutical accelerated 2.59 percent, Galaxy Entertainment advanced 0.58 percent, Hang Lung Properties gained 0.12 percent, Henderson Land increased 0.23 percent, Hong Kong & China Gas jumped 1.74 percent, Industrial and Commercial Bank of China collected 0.35 percent, JD.com strengthened 1.06 percent, Lenovo plunged 3.00 percent, Li Auto stumbled 1.02 percent, Li Ning rose 0.11 percent, Meituan slumped 0.97 percent, New World Development skyrocketed 17.40 percent, Techtronic Industries dipped 0.10 percent, Xiaomi Corporation rallied 2.05 percent, WuXi Biologics soared 5.52 percent and Haier Smart Home and Alibaba Health Info were unchanged.
RTTNews
|
19分前
Australian Market Modestly Lower
The Australian stock market is trading modestly lower on Tuesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,850 level, with weakness in iron ore miners, financial and energy stocks partially offset by gains in gold miners.
RTTNews
|
30分前
Additional Support Predicted For China Stock Market
The China stock market has finished higher in back-to-back sessions, gathering more than 60 points or 1.6 percent along the way. The Shanghai Composite Index now sits just above the 3,825-point plateau and it has another firm lead for Tuesday's trade.
The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead.
The SCI finished modestly higher on Monday as gains from the property and energy stocks were offset by weakness from the financial and resource sectors.
For the day, the index rose 14.33 points or 0.38 percent to finish at 3,826.84 after trading between 3,803.60 and 3,833.14. The Shenzhen Composite Index gained 21.57 points or 0.90 percent to end at 2,427.39.
Among the actives, Industrial and Commercial Bank of China shed 0.54 percent, while Bank of China dropped 0.91 percent, Agricultural Bank of China lost 0.55 percent, China Merchants Bank sank 0.77 percent, Bank of Communications retreated 1.24 percent, China Life Insurance slumped 0.87 percent, Jiangxi Copper tanked 2.93 percent, Aluminum Corp of China (Chalco) skidded 1.04 percent, Yankuang Energy jumped 1.62 percent, PetroChina eased 0.11 percent, China Petroleum and Chemical (Sinopec) dipped 0.18 percent, Huaneng Power rallied 2.52 percent, China Shenhua Energy slipped 0.29 percent, Gemdale soared 4.36 percent, Poly Developments rose 0.26 percent and China Vanke spiked 2.58 percent.
RTTNews
|
34分前
Taiwan Stock Market Expected To Open In The Green On Tuesday
The Taiwan stock market has tracked higher in four straight sessions, collecting more than 525 points or 2.1 percent along the way. The Taiwan Stock Exchange now sits just beneath the 24,550-point plateau and it's tipped to open to the upside again on Tuesday.
The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead.
The TSE finished modestly higher on Monday following mixed performances from the financial shares, technology stocks and plastics companies.
For the day, the index picked up 52.80 points or 0.22 percent to finish at 24,547.38 after trading between 24,526.14 and 24,729.96.
Among the actives, Mega Financial dropped 0.97 percent, while First Financial collected 0.68 percent, E Sun Financial tanked 2.04 percent, United Microelectronics Corporation advanced 0.97 percent, Hon Hai Precision sank 0.73 percent, Largan Precision fell 0.21 percent, Catcher Technology climbed 1.07 percent, MediaTek shed 0.35 percent, Novatek Microelectronics lost 0.34 percent, Formosa Plastics improved 0.93 percent, Nan Ya Plastics eased 0.13 percent, Asia Cement was down 0.27 percent and Cathay Financial, CTBC Financial, Fubon Financial, Taiwan Semiconductor Manufacturing Company and Delta Electronics were unchanged.
The lead from Wall Street is cautiously optimistic as the major averages opened mixed on Monday but all finished with modest gains.
RTTNews
|
1時4分前
Singapore Stock Market May Add To Its Winnings On Tuesday
The Singapore stock market has moved higher in three straight sessions, gathering more than 20 points or 0.4 percent along the way. The Straits Times Index now sits just shy of the 4,310-point plateau and it's tipped to open in the green again on Tuesday.
The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead.
The STI finished barely higher on Monday following mixed performances from the financial shares, property stocks and industrial issues.
For the day, the index perked 1.44 points or 0.03 percent to finish at 4,308.52 after trading between 4,296.13 and 4,319.06.
Among the actives, CapitaLand Ascendas REIT and Frasers Logistics & Commercial Trust both strengthened 1.08 percent, while CapitaLand Integrated Commercial Trust rallied 1.33 percent, CapitaLand Investment added 0.72 percent, City Developments advanced 1.05 percent, Comfort DelGro jumped 1.36 percent, DBS Group collected 0.08 percent, DFI Retail Group sank 0.60 percent, Hongkong Land dropped 0.94 percent, Keppel DC REIT increased 0.86 percent, Keppel Ltd was up 0.12 percent, Mapletree Pan Asia Commercial Trust accelerated 1.44 percent, Mapletree Industrial Trust improved 0.96 percent, Mapletree Logistics Trust spiked 1.63 percent, Oversea-Chinese Banking Corporation eased 0.18 percent, SATS gained 0.61 percent, Seatrium Limited lost 0.42 percent, SembCorp Industries rose 0.49 percent, Singapore Technologies Engineering perked 0.25 percent, SingTel tumbled 1.37 percent, Thai Beverage climbed 1.06 percent, United Overseas Bank shed 0.53 percent, UOL Group gathered 0.27 percent, Wilmar International fell 0.34 percent, Yangzijiang Financial surged 3.81 percent, Yangzijiang Shipbuilding soared 2.26 percent and Genting Singapore was unchanged.
RTTNews
|
1時34分前
Malaysia Stock Market May Extend Monday's Gains
The Malaysia stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gathered just 3 points or 0.2 percent. The Kuala Lumpur Composite Index now sits just above the 1,585-point plateau and it may see additional support on Tuesday.
The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead.
The KLCI finished modestly higher on Monday following gains from the financial shares, plantation stocks and industrials.
For the day, the index added 7.44 points or 0.47 percent to finish at 1,585.59 after trading between 1,579.57 and 1,587.16.
Among the actives, Axiata jumped 1.65 percent, while Celcomdigi slumped 1.08 percent, CIMB Group lost 0.41 percent, Gamuda added 0.54 percent, IHH Healthcare gathered 0.14 percent, Kuala Lumpur Kepong gained 0.40 percent, Maxis rose 0.28 percent, Maybank and Hong Leong Bank both were up 0.10 percent, MISC perked 0.13 percent, MRDIY tumbled 3.16 percent, Nestle Malaysia increased 0.82 percent, Petronas Chemicals surged 5.00 percent, Petronas Dagangan strengthened 1.56 percent, Petronas Gas dropped 0.86 percent, PPB Group soared 3.12 percent, Press Metal shed 0.54 percent, Public Bank collected 0.23 percent, QL Resources fell 0.24 percent, RHB Bank climbed 1.23 percent, Sime Darby accelerated 2.46 percent, SD Guthrie advanced 1.19 percent, Telekom Malaysia sank 0.71 percent, Tenaga Nasional rallied 1.99 percent, YTL Corporation improved 1.20 percent, YTL Power spiked 2.72 percent and 99 Speed Mart Retail, AMMB Holdings, IOI Corporation and Sunway were unchanged.
RTTNews
|
2時4分前
Mild Upside Seen For Japan Stock Market
The Japanese stock market has moved higher in three straight sessions, advancing more than 1,700 points or 3.9 percent in that span. The Nikkei 225 now sits just beneath the 43,650-point plateau and it may add to its winnings on Tuesday.
The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead.
The Nikkei finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers.
For the day, the index jumped 625.06 points or 1.45 percent to finish at 43,643.81 after trading between 43,343.58 and 43,838.60.
Among the actives, Nissan Motor accelerated 2.38 percent, while Mazda Motor surged 7.15 percent, Toyota Motor rose 0.25 percent, Honda Motor perked 0.06 percent, Softbank Group jumped 2.09 percent, Mitsubishi UFJ Financial collected 0.75 percent, Mizuho Financial added 0.66 percent, Sumitomo Mitsui Financial was up 0.15 percent, Mitsubishi Electric gained 0.05 percent, Sony Group rallied 2.25 percent, Panasonic Holdings increased 0.13 percent and Hitachi advanced 0.90 percent.
The lead from Wall Street is cautiously optimistic as the major averages opened mixed on Monday but all finished with modest gains.
RTTNews
|
2時19分前
Win Streak May Continue For South Korea Shares
The South Korea stock market has moved higher in five straight sessions, collecting more than 75 points or 2.4 percent along the way. The KOSPI now rests just beneath the 3,220-point plateau and it may tick higher again on Tuesday.
The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead.
The KOSPI finished modestly higher on Monday following mixed performances from the financial shares, technology stocks, industrial issues and chemicals.
For the day, the index added 14.47 points or 0.45 percent to finish at 3,219.59 after trading between 3,206.34 and 3,221.14. Volume was 366.37 worth 8.15 trillion won. There were 542 gainers and 324 decliners.
Among the actives, Shinhan Financial fell 0.31 percent, while KB Financial tumbled 1.75 percent, Hana Financial collected 0.37 percent, Samsung Electronics improved 0.86 percent, Samsung SDI rallied 1.41 percent, LG Electronics lost 0.54 percent, SK Hynix strengthened 1.26 percent, Naver slipped 0.44 percent, Lotte Chemical sank 0.63 percent, SK Innovation added 0.38 percent, POSCO Holdings climbed 1.08 percent, SK Telecom slumped 1.28 percent, KEPCO spiked 2.31 percent, Hyundai Motor shed 0.68 percent, Kia Motors retreated 1.59 percent and LG Chem and Hyundai Mobis were unchanged.
RTTNews
|
2時34分前
