Global Cues Mixed; Canadian, U.S. Jobs Data Hold The Key For Canadian Stocks

RTTNews | 738 dias atrás

(RTTNews) - Slightly weak European markets and mixed commodity prices seem to suggest a flat to lower opening on Bay Street on Friday, but Canadian and U.S. jobs data, due out before the opening bell, are set to determine the trend for the market.

Canadian employment data for the month of July is due at 8:30 AM ET. The Ivey PMI reading for July is due at 10 AM ET.

The Canadian economy added 59,900 jobs in June, the highest in five months. The unemployment rate rose to 5.4% in June, from 5.2% a month earlier. Average hourly earnings for permanent employees in Canada increased by 3.9% year-on-year to $34.2 in June, down from the 5.1% growth in the previous month.

In earnings news, Magna International (MG.TO) reported net earnings of $339 million or $1.18 per share for the second quarter, compared to a loss of $156 million or $0.54 loss per share in the year-aqo quarter. Adjusted earnings were $1.50 per share, compared to $0.83 per share a year ago.

Enbridge Inc (ENB.TO) reported Second quarter GAAP earnings of $1.8 billion or $0.91 per common share, compared with GAAP earnings of $0.5 billion or $0.22 per common share a year ago.

Telus Corp (T.TO) reported a net income of $196 million for the second quarter of this financial year, compared to net income of $498 million in the year-ago quarter.

Telus International (TIXT.TO) reported a net loss of $7 million for the second quarter, compared with net income of $56 million in the same quarter last year.

TransAlta Corporation (TA.TO) reported net earnings of $62 million for the second quarter of this year, compared with net loss of $80 million in the second quarter of the previous financial year.

The Canadian market ended weak on Thursday, weighed down by losses in technology and utilities sections. The benchmark S&P/TSX Composite Index, which dropped to a low of 20,077.53 in early trades, ended the session with a loss of 97.47 points or 0.48% at 20,120.74, the lowest closing levels in about three weeks.

Asian stocks turned in a mixed performance on Friday as investors digested the Bank of England's rate hike, and encouraging earnings updates from tech giants Apple and Amazon. The mood was cautious with market awaiting U.S. jobs data.

After a slightly weak start and a subsequent rebound, European stocks are drifting lower today with investors digesting the latest batch of earnings news and looking ahead to the crucial U.S. jobs data.

In commodities, West Texas Intermediate Crude oil futures are up $0.43 or 0.53% at $81.98 a barrel.

Gold futures are down $1.50 or 0.08% at $1,967.30 an ounce, while Silver futures are lower by $0.172 or 0.73% at $23.525 an ounce.

Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.

RTTNews | 20 minutos atrás

Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 28 minutos atrás

Renewed Consolidation Likely For Hong Kong Stock Market

The Hong Kong stock market moved higher again on Monday, one session after snapping the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,900-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 43 minutos atrás

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday after opening in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks and a mixed performance in mining and technology stocks.

RTTNews | 49 minutos atrás

China Stock Market May Hand Back Monday's Gains

The China stock market bounced higher again on Monday, one session after halting the four-day winning streak in which it had gathered almost 80 points or 2.4 percent. The Shanghai Composite Index now sits just beneath the 3,650-point plateau although it's likely to head south again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 58 minutos atrás

Taiwan Shares May Run Out Of Steam On Tuesday

The Taiwan stock market has moved higher in three straight sessions, rallying more than 685 points or 2.9 percent along the way. The Taiwan Stock Exchange now sits just above the 24,135-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 1 h 28 min atrás

Singapore Q2 GDP Climbs 4.4% On Year

Singapore's gross domestic product expanded 4.4 percent on year in the second quarter of 2025, the Ministry of Trade and Industry said on Tuesday - beating forecasts for 4.3 percent, which would have been unchanged.

RTTNews | 1 h 35 min atrás

Singapore Bourse May Give Up Support At 4,200 Points

The Singapore stock market has finished lower in two straight sessions, slipping more than 25 points or 0.6 percent along the way. The Straits Times Index now sits just above the 4,230-point plateau and it may extend its losses on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 1 h 58 min atrás

EURUSD	1.16184	GBPUSD	1.34312	AUDUSD	0.6516
USDJPY	148.285	USDCAD	1.37767	USDCHF	0.8111