Bay Street Looks Headed For Positive Start

RTTNews | 28 dagar sedan

(RTTNews) - Canadian shares look headed for a positive start Thursday morning, with investor sentiment getting a boost thanks to strong results from US tech majors Meta Platforms and Microsoft.

Data from Statistics Canada showed Canada's GDP increased to 0.1% in June from -0.1% in May, according to preliminary estimates.

Average weekly earnings in Canada increased 3.3% in May over the same month in the previous year, a separate report from Statistics Canada showed.

In Canadian earnings news, Gildan Activewear Inc. (GIL.TO) reported a 6.5% surge in second quarter revenues. On an adjusted basis, earnings were $145.9 million or $0.97 per share, up from $124.7 million or $0.74 per share a year ago.

Bombardier Inc. (BBD.B.TO) Thursday reported net income from continuing operations of $193 million or $1.87 per share for the second quarter, significantly higher than $19 million or $0.12 per share in the same quarter a year ago.

Cenovus Energy (CVE.TO) reported earnings per share of $0.45 for the second quarter, compared to $0.53 in the year-ago quarter. However, EPS in the latest quarter came in stronger than the expected $0.31.

The Canadian market ended notably lower on Wednesday on concerns about a lack of progress in US-Canada trade talks.

The benchmark S&P/TSX Composite Index, which climbed to 27,581.23, failed to hold gains and settled at 27,369.96, down by 169.92 points or 0.62%.

Asian stocks ended mostly lower on Thursday, with the Federal Reserve's interest-rate decision, tech earnings, U.S. President Donald Trump's tariff threats and Chinese data in focus.

Japanese markets outperformed as the Bank of Japan held interest rates steady and offered a cautiously optimistic view on the economic outlook.

European stocks have mostly pared early gains today with investors reacting to a slew of earnings announcements, and the latest batch of crucial economic data. The UK market is outperforming the other major markets, with the FTSE 100 rising more than 0.5%.

In commodities trading, West Texas Intermediate Crude oil futures are down $0.49 or 0.7% at $69.51 a barrel.

Gold futures are gaining $4.30 or 0.13% at $3,357.10 an ounce, while Silver futures are down $1.064 or 2.82% at $36.675 an ounce.

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 | 14 minuter 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 | 48 minuter 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 | 1h 20minuter 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 | 1h 38minuter 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 | 1h 50minuter 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 | 1h 59minuter sedan

Hong Kong Shares May Stop The Bleeding On Friday

The Hong Kong stock market has finished lower in three straight sessions, tumbling almost 830 points or 3.3 percent along the way. The Hang Seng Index now rests just beneath the 25,000-point plateau although it may find traction on Friday.

RTTNews | 2h 5minuter sedan

Higher Open Called For China Stock Market

The China stock market on Thursday snapped the two-day losing streak in which it had stumbled more than 80 points or 2.1 percent. The Shanghai Composite Index now sits just above the 3,840-point plateau and it's expected to see additional support on Friday.

RTTNews | 2h 20minuter sedan

EURUSD	1.16618	GBPUSD	1.34974	AUDUSD	0.65356
USDJPY	146.955	USDCAD	1.37553	USDCHF	0.8028