Bay Street Likely To See Positive Start

RTTNews | 1120 dagar sedan

(RTTNews) - Fairly strong earnings updates from Canadian and U.S. companies and firm commodity prices point to a positive start on Bay Street Thursday morning.

In earnings news, Canadian Natural Resources Inc (CNQ.TO) reported adjusted net earnings from operations of $3.8 billion for the quarter ended June 2022, compared with net earnings of $1.5 billion in the year-ago quarter.

Thomson Reuters Corporation (TRI.TO) reported adjusted EPS of $0.60 per share for the second-quarter of this financial year, up from $0.48 per share in the year-ago quarter.

BCE Inc. (BCE.TO) reported second-quarter net earnings of $654 million, down 10.9%, from a year ago.

SNC-Lavalin Group Inc. (SNC.TO) reported net income from continuing operations of C$1.6 million or C$0.01 per share in the second quarter, significantly lower than C$29.2 million or C$0.17 per share in the same quarter a year ago.

Lightspeed Commerce Inc (LSPD.TO) reported a net loss of $100 million, or $0.68 per share for the second quarter, as compared to a net loss of $49.3 million, or $0.38 per share in the year-ago quarter.

Investors will also be digesting the data on Canada's trade balance for the month of June, and building permits.

The Canadian market closed higher on Wednesday, led by gains in technology, healthcare and financials sectors.

Buoyant U.S. services sector data aided sentiment, while weak crude oil prices weighed on energy stocks and limited market's upside. Materials shares were weak as well.

The benchmark S&P/TSX Composite Index ended with a gain of 40.61 points or 0.21% at 19,545.94, after scaling a low of 19,485.03 and a high of 19,616.12 intraday.

Asian stocks ended mostly higher on Thursday as encouraging U.S. data and earnings helped ease recession concerns.

European stocks are up firmly in positive territory with investors reacting to earnings updates and the Bank of England's interest rate decision.

The Bank of England today raised its benchmark rate by half-a-percentage point given the more persistent inflationary pressures and the tight labor market conditions. The monetary policy committee of the central bank voted 8-1 to lift the bank rate by 50 basis points to 1.75%, the highest rate since December 2008. This was the sixth consecutive rate hike.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.54 or 0.6% at $91.20 a barrel.

Gold futures are gaining $27.60 or 1.55% at $1,804.00 an ounce, while Silver futures are gaining $0.441 or 2.22% at $20.335 an ounce.

Sensex, Nifty Struggle For Direction In Early Trade

Indian shares were little changed on Friday, giving up early gains amid mounting concerns about the impact of U.S. tariffs on Indian goods.

RTTNews | 56 minuter sedan

Australian Market Swings To Modest Gains In Mid-market

The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with gains in energy and technology stocks partially offset by weakness in mining and financial stocks.

RTTNews | 1h 52minuter sedan

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.

RTTNews | 2h 21minuter sedan

Sensex, Nifty Seen Tad Higher At Open As IIP Growth Recovers

Indian shares may open on a positive note on Friday after official data showed India's industrial output production expanded at the fastest pace in four months in July.

RTTNews | 2h 55minuter sedan

Thai Stock Market Tipped To Open In The Green

The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.

RTTNews | 3h 27minuter sedan

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.

RTTNews | 3h 45minuter sedan

Additional Support Predicted For Indonesia Shares

The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.

RTTNews | 3h 57minuter sedan

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.

RTTNews | 4h 6minuter sedan

EURUSD	1.16641	GBPUSD	1.34966	AUDUSD	0.65353
USDJPY	146.943	USDCAD	1.37555	USDCHF	0.80251