Reklāma

Bay Street May Open With Slightly Negative Bias

RTTNews | 87 days ago

(RTTNews) - Canadian shares may open with a negative bias Friday morning as energy and materials stocks are likely to be under some pressure due to lower commodity prices. Canadian retail sales data may provide some direction.

Final report on Canadian retail sales for the month of December, and preliminary Canadian retail sales numbers for the month of January are due at 8:30 AM ET.

In earnings news, Emera Incorporated (EMA.TO) reported fourth-quarter net income of $154 million, or $0.52 per common share, compared with net income of $289 million, or $1.04 per common share, in the year-ago quarter.

Onex Corporation (ONEX.TO) reported net loss of $2 million for the quarter ended December 2024, compared to net earnings of $373 million in the year-ago quarter.

Iamgold Corporation (IMG.TO) reported fourt-quarter net earnings of and adjusted net earnings per share of $0.15 and $0.10, respectively.

Canadian stocks closed weak on Thursday, weighed down by fears of fresh levies by the Trump administration on more goods sometime soon.

The U.S. President, who previously announced duties on cars, semiconductors and pharma products imported into America, has announced plans to unveil fresh tariffs on lumber and forest products, which could significantly hurt Canada.

Investors reacted to a slew of corporate earnings updates and digested the nation's producer prices data.

The benchmark S&P/TSX Composite Index ended with a loss of 112.08 points or 0.44% at 25,514.08, nearly 80 points off an early low of 25,436.88.

Asian stocks ended mixed on Friday as tariff worries offset investor optimism over China's artificial intelligence potential. Also, U.S. President Donald Trump's comments have raised hopes of a de-escalation in the trade war between the world's two largest economies.

Trump told reporters that a trade deal with China "is possible" in an interview aboard Air Force One.

European stocks are up in positive territory with investors digesting the regional PMI data, and reacting to more quarterly earnings updates.

In commodities, West Texas International Crude oil futures are down $0.74 or 1.02% at $71.83 a barrel.

Gold futures are down $9.70 or 0.33% at $2,946.40 an ounce, while Silver futures are lower by $0.141 or 0.42% at $33.345 an ounce.

China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China's industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday. Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March.

RTTNews | 58 minutes ago

Thai Downgrades GDP Growth Outlook

Thailand's economy is projected to expand less than the previous estimate this year as trade tariffs are likely to dampen exports in the second half of the year, the National Economic and Social Development Council said Monday. Southeast Asia's second largest economy is forecast to grow in the range of 1.3 percent to 2.3 percent this year. This was down from the previous outlook of 2.3 percent-

RTTNews | 2h 31min ago

European Shares Likely To Drift Lower On Concerns About US Debt

European stocks may open on a sluggish note Monday after Moody's downgraded the U.S. credit rating by one notch to Aa1 from Aaa, citing rising levels of government debt and interest payments.

RTTNews | 2h 53min ago

Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Hayward, California-based Fijian Import & Export Co. Inc. is recalling around 127 pounds of ready-to-eat meat pie products from Australia that were not presented for import reinspection upon entry into the United States, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The recall involves 5.6-oz. plastic packages...

RTTNews | 3h 23min ago

Sensex, Nifty Marginally Lower As IT Stocks Drag

Indian shares were flat to slightly lower on Monday, with IT stocks leading losses after a U.S. credit rating downgrade.

RTTNews | 4h 3min ago

Australian Market Halves Early Losses In Mid-market

The Australian stock market is halving its early losses in mid-market trading on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, energy and financial stocks partially offset by gains in gold miners.

RTTNews | 5h 2min ago

Asian Markets Trade Mostly Lower

Asian stock markets are mostly lower on Monday, following the positive cues from Wall Street on Friday, as traders react to surprise downgrade of the US government's credit rating by one notch to Aa1 by Moody's Ratings, being the last of the three major credit rating agencies to downgrade it. They also react to China announcing anti-dumping duties on plastics from the U.S., EU, Japan and Taiwan.

RTTNews | 5h 18min ago

Sensex, Nifty Seen Lower On US Debt Concerns

Indian shares look set to open lower on Monday as investors fret about the changing geo-political landscape in India's neighborhood as a new bonhomie between Bangladesh, China and Pakistan takes shape silently.

RTTNews | 5h 49min ago

EURUSD	1.12511	GBPUSD	1.33617	AUDUSD	0.64241
USDJPY	144.921	USDCAD	1.39529	USDCHF	0.83362