Bay Street Likely To Open On Weak Note

RTTNews | 287 dias atrás

(RTTNews) - Canadian shares are likely to open on a negative note Monday morning amid fears of a U.S. recession, and rising concerns about China's growth outlook.

U.S. President Donald Trump in a Fox News interview on Sunday declined to rule out the possibility of a recession following his tariff actions on Mexico, Canada and China.

"There is a period of transition, because what we're doing is very big. We're bringing wealth back to America," Trump told the "Sunday Morning Futures" program.

Franco-Nevada Corp. (FNV,FNV.TO), a gold-focused royalty and streaming company, reported Monday that it turned around to a net income of $175.4 million in its fourth quarter from prior year's net loss of $982.5 million.

Earnings per share were $0.91, compared to loss per share of $5.11 a year ago.

Adjusted net income was $183.3 million, compared to $172.9 million last year. Adjusted net income per share were $0.95, compared to prior year's $0.90.

Methanex (MX.TO) announced that its 1.8 million tonne methanol G3 plant in Geismar, Louisiana was impacted by an unplanned outage in late February.

"Outage is expected to primarily impact the second quarter financial results due to lower produced methanol sales," the company said in a statement late on Sunday.

The Canadian market ended higher on Friday after swinging back and forth across the unchanged line. The benchmark S&P/TSX Composite Index closed up 174.72 points or 0.7% at 24,758.76.

Energy, telecom, utilities and consumer discretionary stocks turned in strong performances on the day.

Asian stocks ended mostly higher on Monday despite lingering tariff worries, the threat of a U.S. recession and signs of deepening deflationary pressures in China.

Data showed consumer prices in China have plunged to their lowest level in more than a year, highlighting persistent deflationary pressures in the world's second-largest economy.

European stocks are down firmly in negative territory with investors pressing sales almost across the board amid rising concerns about global economic outlook, and the Trump Administration's trade policy.

In commodities, West Texas Intermediate Crude oil futures are up $0.50 or 0.75% at $67.54 a barrel.

Gold futures are down $1.90 or 0.07% at $2,912.20 an ounce, while Silver futures are gaining $0.161 or 0.49% at $32.950 an ounce.

Malaysia Shares May Open To The Upside Again On Tuesday

The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 1 h 19 min atrás

Japan Stock Market May Add To Its Winnings On Tuesday

The Japanese stock market has finished higher in two consecutive trading days, soaring more than 1,400 points or 2.7 percent along the way. The Nikkei 225 now sits just above the 50,400-point plateau and it may extend its gains on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter 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 895.18 points or 1.81 percent to finish at 50,402.39 after trading between 49,982.20 and 50,590.88. Among the actives, Nissan Motor improved 0.75 percent, while Mazda Motor accelerated 4.34 percent, Toyota Motor advanced 0.91 percent, Honda Motor strengthened 1.61 percent, Softbank Group soared 4.09 percent, Mitsubishi UFJ Financial jumped 1.86 percent, Mizuho Financial vaulted 1.40 percent, Mitsubishi Electric rallied 1.74 percent, Panasonic Holdings spiked 3.47 percent and Hitachi expanded 1.89 percent.

RTTNews | 1 h 34 min atrás

Additional Support Called For South Korea Shares

The South Korea stock market has moved higher in two straight sessions, advancing more than 110 points or 2.7 percent along the way. The KOSPI now sits just above the 4,100-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 1 h 49 min atrás