Bay Street Likely To Open Lower

RTTNews | 587 dagar sedan
Bay Street Likely To Open Lower

(RTTNews) - It's likely to be a weak start for Canadian stocks on Thursday as rising bond yields, and escalating tensions in the Middle East are likely to render the mood a bit bearish. With oil prices drifting lower, energy stocks are likely to feel the heat.

Data on Canadian raw materials and producer prices are due at 8:30 AM ET.

In earnings news, Mullen Group Ltd. (MTL.TO) reported a net income of $39.1 million, or $0.44 per share, for the third-quarter, up 2.9% and 7.3%, respectively, from a year-ago.

Wells Fargo has downgraded its rating for Canada Goose Holdings (GOOS.TO), saying the company's wholesale business has seen incremental pressure over the past couple of months, and its exposure to wholesale is higher vs luxury peers.

The Canadian market ended weak on Thursday on widespread selling amid geopolitical tensions and worries about inflation and interest rates.

The benchmark S&P/TSX Composite Index ended down 242.10 points or 1.23 percent at 19,450.70, slightly off the day's low of 19,434.34.

Asian stocks dropped on Thursday, with concerns of a wider conflict in the Middle East, rallying oil prices and a continued surge in bond yields weighing on sentiment.

Chinese markets fell sharply after the U.S. tightened restrictions on China's semiconductor industry, and troubled property developer Country Garden missed a US$15 million coupon repayment.

European stocks are down in negative territory, weighed down by a slew of downbeat earnings updates and jitters around the Middle East war, and rising bond yields.

In commodities, West Texas Intermediate Crude oil futures are down $0.65 or 0.74% at $87.67 a barrel.

Gold futures are down $2.80 or 0.14% at $1,965.50 an ounce, while Silver futures are lower by $0.074 or 0.3% at $23.025 an ounce.

read more
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

Swiss stocks turned in a weak performance on Wednesday, losing ground gradually after opening marginally down, as uncertainty about U.S. government's trade policies rendered the mood cautious.
RTTNews | 2h 10minuter sedan
European Stocks Fail To Hold Early Gains, Close Broadly Lower

European Stocks Fail To Hold Early Gains, Close Broadly Lower

Despite opening on a positive note, European stocks closed broadly lower on Wednesday as investors largely made cautious moves, awaiting more clarity on U.S. President Donald Trump's tariff moves and other policy decisions.
RTTNews | 2h 39minuter sedan
Canadian Market Slightly Lower; BoM, National Bank Rise On Results

Canadian Market Slightly Lower; BoM, National Bank Rise On Results

The Canadian market is slightly down on Wednesday with stocks moving in a tight range as investors digest earnings updates from Bank of Montreal and National Bank of Canada, and await further developments on trade negotiations between the U.S. and its major trading partners.
RTTNews | 3h 17minuter sedan
Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down

Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down

Home improvement retailer Kingfisher Plc reported Wednesday higher sales in its first quarter, benefited by improved results in UK & Ireland. Meanwhile, sales in France and Poland declined, and the company maintained its fiscal 2025 outlook. On the London Stock Exchange, Kingfisher shares were losing around 3.5 percent.
RTTNews | 6h 45minuter sedan
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Wednesday morning with investors tracking global cues and reacting to earnings from major Canadian banks. Investors are also awaiting earnings update from U.S.
RTTNews | 6h 58minuter sedan
FTSE 100 Down Marginally

FTSE 100 Down Marginally

UK stocks are marginally down in lackluster trade on Wednesday as investors look for directional clues after recent gains following U.S. President Donald Trump deciding to pause the recently announced 50% tariffs on imports from EU, paving the way for further trade negotiations.
RTTNews | 7h 47minuter sedan
German Unemployment Rises More Than Expected

German Unemployment Rises More Than Expected

Joblessness in Germany increased more than expected in May as a weak economy continued to impede job creation, official data revealed on Wednesday. The number of unemployed increased sharply by 34,000 in May compared to April's rise of 6,000, the Federal Employment Agency said. Economists expected a monthly increase of 12,000.
RTTNews | 7h 51minuter sedan
CAC 40 Down Marginally In Lackluster Trade

CAC 40 Down Marginally In Lackluster Trade

French stocks are moving in a tight range in cautious trade on Wednesday as investors digest a slew of domestic economic reports, and continue to assess the impact of Trump administration's trade policy on global economic growth.
RTTNews | 9h 0minuter sedan