Bay Street Seen Opening On Mixed Note

RTTNews | 687 dni temu

(RTTNews) - Canadian shares likely to open on a mixed note on Thursday, as investors are likely to make cautious moves, tracking a mixed trend in commodities markets, and on concerns about further policy tightening by several central banks.

Corus Entertainment Inc. (CJR.B.TO) today reported third-quarter net loss of $495.1 million or $2.48 per share. The company's year-to-date net loss is $479.1 million or $2.40 per share.

On the economic front, a report from the Canadian Federation of Independent Business showed small business sentiment in Canada decreased to 54.10 points in June from 56.40 points in May.

A report on average weekly earnings for April is due out at 8:30 AM ET.

The Canadian market ended on a positive note on Wednesday, gaining for a third straight session, led by gains in technology and consumer staples sectors.

Data on Canadian inflation, released on Tuesday, continued to aid sentiment. The benchmark S&P/TSX Composite Index ended with a gain of 85.76 points or 0.43% at 19,818.85, the session's high.

Asian stocks ended mixed in thin trade on Thursday, with markets in India, Singapore, Indonesia and Malaysia closed for holidays.

Amid continued concerns of a global economic slowdown, investors awaited Chinese PMI data due on Friday for direction.

European stocks are broadly higher after a subdued start. Hawkish comments from global central banks chiefs and uncertainty over slowing economic rebound in China weighed early on in the session.

In commodities, West Texas Intermediate Crude oil futures are up $0.35 or 0.52% at $69.91 a barrel.

Gold futures are down $4.20 or 0.21% at $1,918.00 an ounce, while Silver futures are lower by $0.024 or 0.1% at $22.865 an ounce.

Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

After a positive start and a subsequent rise to higher levels Friday morning, the Switzerland market remained firm despite paring some gains, and ended the day's session on a bright note. Data showing a sharp jump in Swiss industrial production in the first-quarter aided sentiment.

RTTNews | 24 minut temu

European Stocks Close Week On Positive Note

European stocks closed higher on Friday thanks to easing trade tensions following the announcement of the U.S.-China deal earlier in the week, and reports that the EU bloc's talks with the U.S. for a reduction in tariffs are making positive progress.

RTTNews | 47 minut temu

Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian stocks are turning in a mixed performance a little past noon on Friday after recovering from an early setback. Investors appear to be making cautious moves after eight straight days of gains that saw the market climb to a new record high on Thursday.

RTTNews | 1g 35 minut temu

U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index dipped to 50.8 in May after slumping to 52.2 in April. Economists had expected the index to inch up to 53.4.

RTTNews | 3g 41 minut temu

U.S. Import, Export Prices Unexpectedly Inch Higher In April

The Labor Department released a report on Friday unexpectedly showing modest increases by both U.S. import and export prices in the month of April. The report said import prices crept up by 0.1 percent in April after falling by a downwardly revised 0.4 percent in March.

RTTNews | 3g 44 minut temu

U.S. Housing Starts Rebound Less Than Expected In April, Building Permits Pull Back Sharply

While the Commerce Department released a report on Friday showing a rebound by new residential construction in the U.S. in the month of April, the report also showed a substantial pullback by building permits during the month.

RTTNews | 3g 48 minut temu

Eurozone Trade Surplus Surges On Exports To US

The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.

RTTNews | 4g 33 minut temu

Richemont Shares Gain On Higher FY25 Results, Dividend Hike

Shares of Richemont SA were gaining around 6 percent in the Swiss trading after the Cartier owner reported higher net profit and sales in its fiscal 2025 on strong Jewellery performance. Meanwhile, earnings from continuing operations was lower than last year amid weak China results. Further, the luxury goods firm declared higher dividend.

RTTNews | 4g 40 minut temu

EURUSD	1.11452	GBPUSD	1.32696	AUDUSD	0.63998
USDJPY	145.908	USDCAD	1.39893	USDCHF	0.83906

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Bay Street Seen Opening On Mixed Note