Bay Street Likely To Open On Mixed Note

RTTNews | Pred 546 dňami

(RTTNews) - Weak commodity prices and subdued European markets point to a slightly mixed start for the Canadian market Monday morning. With a slew of crucial U.S. economic data due this week, the mood is likely to remain a bit cautious.

In Canadian earnings news, Cargojet Inc. (CJT.TO) reported fourth-quarter loss of C$34.9 million or C$2.04 per share compared with earnings of C$2.6 million or C$0.15 per share in the last year.

Emera Incorporated (EMA.TO) reported 2023 fourth-quarter net income of $175 million, or $0.63 per common share, compared with $249 million, or $0.93 per common share, in the fourth quarter of the previous year.

On the economic front, preliminary data on manufacturing sales and wholesale sales for the month of January is due at 8:30 AM ET.

The Canadian market closed higher on Friday, extending gains from the previous session, with technology stocks turning in another good performance.

The benchmark S&P/TSX Composite Index ended up 95.07 points or 0.45% at 21,413.15, after scaling a low of 21,274.41 and a high of 21,440.41 intraday. The index gained about 0.75% in the holiday shortened week.

Asian stocks ended mostly lower on Monday, with China recovery concerns and uncertainty over the timing of interest rate cuts in the U.S. keeping underlying sentiment cautious. Japan's Nikkei 225 hit a new high.

European stocks are subdued ahead of key eurozone inflation data due this week that could offer important clues on the timing of interest rate cuts. ECB President Lagarde's speech, due later today, is in focus as well.

In commodities, West Texas Intermediate Crude oil futures are down $0.39 or 0.51% at $76.10 a barrel.

Gold futures are down $6.40 or 0.31% at $2,043.00 an ounce, while Silver futures are down $0.397 or 1.73% at $22.585 an ounce.

European Shares Poised For Weak Start As Fed Rate Cut Hopes Fade

European stocks may drift lower on Tuesday as investors fret about Fed independence and await Nvidia earnings due Wednesday for guidance and signs the AI market remains robust.

RTTNews | Pred 23 minútami

Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.

RTTNews | Pred 1 h 13 min

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | Pred 2 h 26 min

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | Pred 2 h 47 min

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | Pred 3 h 18 min

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red 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 | Pred 3 h 58 min

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 | Pred 4 h 26 min

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 | Pred 4 h 28 min

EURUSD	1.16417	GBPUSD	1.34669	AUDUSD	0.64812
USDJPY	147.693	USDCAD	1.3851	USDCHF	0.80505