Bay Street Likely To Open On Positive Note

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(RTTNews) - Canadian shares are likely to open higher Wednesday morning, tracking positive global cues, and encouraging earnings from National Bank of Canada.

The market is also likely to react positively to news about U.S. and Ukraine agreeing on a minerals deal. U.S. President Donald Trump's $4.5 trillion tax-cut and border security agenda may also lift sentiment. The agenda will be sent to the U.S. Senate after passing the Republican-controlled House of Representatives.

The National Bank of Canada reported first-quarter net income of $997 million, up 8% from $922 million in the first quarter of 2024. First-quarter diluted earnings per share stood at $2.78 compared to $2.59 in the first quarter of 2024.

George Weston Ltd. (WN.TO) reported adjusted net earnings of $415 million for the fourth-quarter of 2024, an increase of $73 million, or 21.3%, compared to earnings in the year-ago quarter.

The Canadian market closed higher on Tuesday as a firm show by Bank of Montreal thanks to encouraging results, and gains in consumer staples and real estate sectors outweighed weakness in energy, materials and technology sectors.

Worries about imminent tariffs by Trump administration limited the market's upside.

The benchmark S&P/TSX Composite Index closed up 52.72 points or 0.21% at 25,203.98, recovering well from an early low of 24,946.06.

Asian markets ended mixed on Wednesday as inflation and trade war fears offset Chinese AI optimism.

Tariff worries prevailed as U.S. President Donald Trump ordered a probe into potential tariffs on copper imports to boost U.S. production of the critical metal.

Treasury yields rebounded but the dollar remained undermined by growth worries. Gold lingered near one-week lows despite rising bets on earlier Fed rate cuts.

European stocks are up firmly in positive territory with investors reacting to earnings updates and news about U.S. and Ukraine agreeing on a minerals deal

In commodities, West Texas Intermediate crude oil futures are down $0.19 or 0.27% at $68.74 a barrel.

Gold futures are gaining $9.70 or 0.33% at $2,928.70 an ounce, while Silver futures are up $0.319 or 1% at $32.145 an ounce.

Sensex, Nifty Marginally Higher Ahead Of US-Russia Talks

Indian shares were marginally higher in early trade on Thursday, mirroring mostly positive cues from global markets ahead of the August 15 meeting between the U.S. President Donald Trump and his Russian counterpart Vladimir Putin.

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Australian Market Extends Early Gains In Mid-market

The Australian market is extending early gains in mid-market moves on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,900 level to fresh all-time highs, with gains in mining, energy and financial stocks.

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Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, on continued optimism over the outlook for interest rates, with the US Fed widely expected to lower rates by a least a quarter point next month. Asian markets closed mostly higher on Wednesday.

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Sensex, Nifty Seen Flat To Lower At Open

Indian shares may open flat to slightly lower on Thursday despite mostly positive cues from global markets.

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Thai Stock Market May Tick Higher Again On Thursday

The Thai stock market bounced higher again on Wednesday, one session after ending the four-day winning streak in which it had surged almost 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just above the 1,275-point plateau and it may add to its gains from the previous session.

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Win Streak May Continue For Indonesia Stock Market

The Indonesia stock market has tracked higher in four straight sessions, improving more than 400 points or 5.3 percent along the way. The Jakarta Composite Index now sits just above the 7,890-point plateau and it's expected to open higher again on Thursday.

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Japanese Market Significantly Lower

The Japanese market is trading significantly lower on Thursday, snapping the seven-session winning streak, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 42,900 level, with weakness in index heavyweights, exporters and technology stocks partially offset by gains in financial stocks.

RTTNews | 3h 43minuter sedan

Australian Market Notably Higher

The Australian market is trading notably higher on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time highs, with gains in mining, energy and financial stocks.

RTTNews | 4h 5minuter sedan

EURUSD	1.17031	GBPUSD	1.35753	AUDUSD	0.65519
USDJPY	146.427	USDCAD	1.37583	USDCHF	0.80542