Bay Street Likely To Open With Negative Bias

RTTNews | 1076 dagar sedan
Bay Street Likely To Open With Negative Bias

(RTTNews) - Canadian shares are likely to open with a negative bias on Wednesday, weighed down by weak commodity prices and European stocks.

Investors, in addition to following the U.S. elections results, are likely to make stock specific moves, tracking a slew of earnings updates.

Results so far show Republicans are likely to narrowly win control of the U.S. House.

In Canadian company news, BMO Financial Group (BMO.TO) said that its subsidiary, BMO Harris Bank N.A. intends to pursue all available legal options including appealing the jury verdict and award in a lawsuit related to a Ponzi scheme carried out by Thomas J. Petters and certain affiliated individuals and entities that operated a deposit account at a predecessor bank, M&I Marshall and Ilsley Bank.

Canopy Growth Corp. (WEED.TO) reported that its second quarter net loss attributable to Canopy Growth widened to C$221.8 million from a loss of C$11.1 million, prior year. Loss per share was C$0.47 compared to a loss of C$0.03.

CGI Inc (GIB.A.TO) reported fourth-quarter net earnings of $362.4 million, up 4.7% year-over-year.

Rogers Communications Inc. (RCI.A.TO) reported adjusted net income of $436 million for the quarter ended September 30, 2022, compared with net income of $536 million in the corresponding quarter of the previous year.

Boyd Group Services Inc (BYD.TO) said its net earnings increased to $11.9 million in the third quarter, compared with $0.4 million in the same period of 2021 and net earnings per share increased to $0.55, compared with $0.02 in the same period of 2021

The Canadian market shrugged off a late afternoon setback and ended on a positive note on Tuesday. The benchmark S&P/TSX Composite Index dropped to 19,533.85 after having climbed to 19,743.32 earlier in the session, and finally settled at 19,660.31, recording a gain of 114.40 points or 0.59%.

Asian stocks turned in a mixed performance on Wednesday as investors fretted about a surge in new infections in some Chinese cities and monitored the U.S mid-term election results. Thursday's U.S. CPI data also remained on investors' radar.

Chinese shares ended lower as COVID-19 cases in the country continued to surge and inflation data painted a rather gloomy picture. The benchmark Shanghai Composite index slipped 0.53 percent to close at 3,048.17.

China's consumer inflation slowed more than expected in October, while the annualized producer price index fell for the first time in October since December 2020, separate reports showed.

European stocks slipped into the red on Wednesday as investors awaited the results of Tuesday's midterm elections in the United States.

In commodities trading, West Texas Intermediate Crude oil futures are down $1.56 or 1.75% at $87.35 a barrel.

Gold futures are lower by $5.20 or 0.3% at $1,710.80 an ounce, while Silver futures are down $0.142 or 0.66% at $21.360 an ounce.

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European Shares Seen Tad Higher At Open

European Shares Seen Tad Higher At Open

European stocks are seen opening a tad higher on Tuesday, with U.S.-China tensions and the latest batch of quarterly earnings results likely to be in focus.
RTTNews | 2h 16minuter sedan
European Economic News Preview: UK Public Sector Finance Data Due

European Economic News Preview: UK Public Sector Finance Data Due

Public sector finances data from the UK is the only major report due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK public sector finance data. The budget deficit is forecast to widen to GBP 20.7 billion in September from GBP 18 billion in August.
RTTNews | 2h 30minuter sedan
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market trading on Tuesday, also adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 9,050 level, with gains across most sector led by mining and technology stocks.
RTTNews | 4h 29minuter sedan
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, on widespread expectations of further interest rate cuts by the US Fed amid recent signs of sluggishness in the labor market despite the ongoing shutdown leading to the indefinite delay of the release of key economic data. Asian markets closed mostly higher on Monday.
RTTNews | 4h 51minuter sedan
Indian Markets Closed For Diwali

Indian Markets Closed For Diwali

Indian stock markets remain closed today for Diwali but there will be a special trading session from 1:45 p.m. to 2:45 p.m. IST to mark the festival. Generally, the Muhurat trading session is held in the evening every year.
RTTNews | 5h 26minuter sedan
Thai Shares Tipped To Open To The Upside

Thai Shares Tipped To Open To The Upside

The Thai stock market moved back to the upside again on Monday, one session after ending the two-day winning streak in which it had jumped more than 25 points or 2 percent. The Stock Exchange of Thailand now sits just under the 1,285-point plateau and it's expected to open higher again on Tuesday.
RTTNews | 5h 56minuter sedan
Higher Open Called For Indonesia Stock Market

Higher Open Called For Indonesia Stock Market

The Indonesia stock market bounced higher again on Monday, one session after ending the three-day losing streak in which it had dropped more than 200 points or 2.6 percent. The Jakarta Composite Index now rests just beneath the 8,090-point plateau and it's got a solid lead again for Tuesday's trade.
RTTNews | 6h 26minuter sedan
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the strong gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 49,700 level to all-time highs, with gains in index heavyweights, exporters and financial stocks.
RTTNews | 6h 33minuter sedan