Resources Stocks May Edge Higher As Bay Street Looks Headed For Mixed Open

RTTNews | Pred 229 dňami

(RTTNews) - Canadian shares are likely to turn in a mixed performance on Thursday, with investors looking ahead to U.S. and Canadian jobs data, due on Friday. Energy and materials stocks may find some support thanks to higher commodity prices.

Volume of business is likely to be a bit thin as U.S. markets are closed today in honor of former U.S. President Jimmy Carter, who died in late December at age 100.

In company news, Osisko Development (ODV) announced the appointment of David Rouleau as Vice President, Project Development. The company also announced that ric Tremblay, Chief Operating Officer, is leaving the company effective immediately.

Endeavour Silver Corp. (EDR.TO) reported a decline in gold and silver production for the fourth quarter. However, the company posted an improvement in annual gold output. For the three-month period to December 31, 2024, the company recorded gold output of 9,075 ounces, lower than 9,608 ounces, registered for the same period last year. For the full year, gold output was 39,047 ounces, higher than 37,858 ounces in 2023.

The Canadian market closed on a firm note on Wednesday thanks to strong buying in technology and materials sectors.

Weakness in healthcare, communications and consumer discretionary sectors limited the market's upside.

The market gained despite reports that U.S. President-elect Donald Trump is planning to impose new tariffs.

The benchmark S&P/TSX Composite Index ended the session with a gain of 121.79 points or 0.49% at 25,051.68, slightly off the day's high of 25,061.55.

Asian stocks closed broadly lower on Thursday as investors reacted to U.S. President-elect Donald Trump's tariff threats, a buoyant dollar and disappointing Chinese inflation data.

The U.S. dollar was underpinned by rising Treasury yields amid expectations that Trump's fiscal and tariff policies may add to price pressures and keep U.S. interest rates higher for longer.

European stocks are up mostly in positive territory with investors digesting recent economic data, and looking ahead to jobs report from the U.S. for clues about the outlook for interest rate cuts by the Federal Reserve.

In commodities, West Texas Intermediate Crude oil futures are up $0.15 or 0.2% at $73.47 a barrel.

Gold futures are gaining $17.60 or 0.66% at $2,690.00 an ounce, while Silver futures are up $0.340 or 1.11% at $31.030 an ounce.

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.

RTTNews | Pred 23 minútami

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 | Pred 34 minútami

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 | Pred 40 minútami

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 | Pred 49 minútami

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 | Pred 1 h 4 min

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 | Pred 1 h 34 min

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 | Pred 2 h 4 min

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 | Pred 2 h 34 min

EURUSD	1.16261	GBPUSD	1.34632	AUDUSD	0.64939
USDJPY	147.679	USDCAD	1.38351	USDCHF	0.80489