Bay Street Seen Opening On Negative Note

RTTNews | 1107 dni temu

(RTTNews) - The Canadian market is likely to open on a negative note Monday morning, tracking sharply lower crude oil and bullion prices following disappointing economic data from China.

Data released by the National Bureau of Statistics showed industrial production in China was up 3.8% on year in July, much less than an expected increase of 4.6%, and down from the 3.9% growth in June.

The bureau also said that retail sales rose an annual 2.7% in July, missing expectations for 5% and down from 3.1% in the previous month.

In Canadian corporate news, Turquoise Hill Resources (TRQ.TO) announced that the company's Special Committee of independent directors found Anglo-Australian mining firm Rio Tinto's proposal to buy Turquioise for a cash consideration of C$34 per share does not fully and fairly reflect full and fair value of the company.

Ivanhoe Mines Limited (IVN.TO) recorded a profit of $351.5 million for the second-quarter of 2022, compared to a loss of $108.6 million for the same period in 2021.

K92 Mining Inc. (KNT.TO) reported net income of US$5.1 million or $0.02 per share in the second quarter, a 17% increase from a year ago.

MAG Silver Corp (MAG.TO) said its net income for three months ended June 30, 2022 amounted to $7,562, or $0.08 per share, compared with net income of $3,305, or $0.03 per shares in the year-ago quarter.

On the economic front, data on new motor vehicles sales in Canada in the month of June is due at 8:30 AM ET.

Final data on manufacturing sales and wholesale sales data for the month of June are also due at 8:30 AM ET.

The benchmark S&P/TSX Composite Index ended with a gain of 187.93 points or 0.94% at 20,179.81, slightly off the day's high of 20,188.64. The index, which gained nearly 3% this week, finished above the 20,000 mark for the first time in nearly two months.

Despite concerns about slowing growth in China, Asian stocks ended broadly higher on Monday as investors reacted to encouraging economic data from the United States.

After opening higher reacting to the Chinese central bank's surprise decision to cut both one-year and seven-day lending rates by 10 basis points, European stocks are paring gains and are slightly weak amid concerns about slowing growth in China and Europe.

In commodities trading, West Texas Intermediate Crude oil futures are down $4.39 or 4.77% at $87.70 a barrel.

Gold futures are down $27.00 or 1.51% at $1,788.50 an ounce, while Silver futures are lower by $0.568 or 2.74% at $20.130 an ounce.

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping 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 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | 16 minut temu

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.

RTTNews | 22 minut temu

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.

RTTNews | 31 minut temu

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.

RTTNews | 46 minut temu

Win Streak May Continue For Taiwan Stock Market

The Taiwan stock market has tracked higher in back-to-back sessions, gathering almost 540 points or 2.2 percent along the way. The Taiwan Stock Exchange now rests just above the 24,300-point plateau and it may add to its winnings again on Wednesday.

RTTNews | 1g 16 minut temu

Singapore Stock Market Expected To Open In The Green

The Singapore stock market on Tuesday snapped the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,240-point plateau although it may move back above water on Wednesday.

RTTNews | 1g 46 minut temu

Malaysia Stock Market Expected To Open To The Upside On Wednesday

The Malaysia stock market on Tuesday wrote a finish to the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau although it's likely to rebound on Wednesday.

RTTNews | 2g 16 minut temu

Japan Stock Market May See Renewed Support

The Japan stock market on Tuesday halted the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just beneath the 42,400-point plateau although it's expected to open in the green on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead. The Nikkei finished sharply lower on Tuesday following losses from the financial shares, technology stocks and automobile producers. For the day, the index slumped 413.42 points or 0.97 percent to finish at 42,394.40 after trading between 42,137.62 and 42,703.27. Among the actives, Nissan Motor plummeted 6.25 percent, while Mazda Motor added 0.40 percent, Toyota Motor retreated 1.41 percent, Honda Motor tumbled 1.71 percent, Softbank Group dropped 0.91 percent, Mitsubishi UFJ Financial sank 0.72 percent, Mizuho Financial shed 0.45 percent, Sumitomo Mitsui Financial skidded 1.01 percent, Mitsubishi Electric tumbled 1.91 percent, Sony Group declined 1.87 percent, Panasonic Holdings slumped 1.11 percent and Hitachi contracted 1.63 percent.

RTTNews | 2g 31 minut temu

EURUSD	1.16359	GBPUSD	1.34731	AUDUSD	0.65017
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