Bay Street Likely To Open Lower

RTTNews | 922 дней спустя

(RTTNews) - Canadian shares are likely to open on a negative note Wednesday morning, tracking lower commodity prices.

Data on Canadian housing starts for the month of January is due at 8:15 AM ET.

Data on new motor vehicles sales and manufacturing sales for December are due at 8:30 AM ET.

Barrick Gold Corp. (ABX.TO) posted a fourth quarter net loss of $735 million or $0.42 per share. The company reported adjusted net earnings per share of $0.13, for the quarter. Fourth quarter revenues were $2.77 billion.

Barrick's Board has authorized a new program for the repurchase of up to $1.0 billion of the company's outstanding common shares over the next 12 months.

The Canadian market ended flat after a somewhat volatile session Tuesday. The benchmark S&P/TSX Composite Index ended with a small gain of 2.56 points at 20,704.79, after scaling a low of 20,553.17 and a high of 20,766.81 intraday.

Asian stocks ended weak on Wednesday as markets weighed the risk of sticky inflation on central bank's monetary policy. The likelihood of economic recession weighed as well.

European stocks are higher with investors indulging in some strong buying at several counters.

Data from the Office for National Statistics showed U.K.'s inflation fell for the third month in a row in January, dropping to 10.1%.

In commodities trading, West Texas Intermediate Crude oil futures are down $0.65 or 0.81% at $78.41 a barrel.

Gold futures are lower by $19.50 or 1.05% at $1,845.90 an ounce, while Silver futures are down $0.343 or 1.51% at $21.530 an ounce

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 33 минут назад

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to 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 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 36 минут назад

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 51 минут назад

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 54 минут назад

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 1ч 6мин назад

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 1ч 36мин назад

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2ч 6мин назад

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2ч 36мин назад

EURUSD	1.16459	GBPUSD	1.34753	AUDUSD	0.64824
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