Canadian Market Holding In Positive Territory

RTTNews | 1120 dagar sedan

(RTTNews) - The Canadian market is modestly higher Thursday afternoon, with stocks from materials, industrials and consumer discretionary sectors posting strong gains.

Energy stocks are weak, while shares from technology, financials and healthcare sectors are turning in a mixed performance.

The mood is cautious with investors digesting the latest batch of earnings updates, economic data from Canada and the U.S., and looking ahead to U.S. jobs data for the month of July, due on Friday.

The benchmark S&P/TSX Composite Index is up 45.78 points or 0.23% at 19,591.72.

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. The stock is down by about 0.7%.

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. The stock is gaining more than 3%.

BCE Inc. (BCE.TO) reported second-quarter net earnings of $654 million, down 10.9%, from a year ago. The stock is gaining about 0.6%.

SNC-Lavalin Group Inc. (SNC.TO) share are modestly higher. SNC 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) shares are down more than 12%. The company 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.

Data from Statistics Canada showed the nation's trade surplus widened to C$ 5.0 billion in June of 2022, from a downwardly revised C$ 4.8 billion in the prior month and well above market expectations of C$ 4.8 billion. It was the largest monthly trade surplus since August of 2008.

Exports rose 2% from a month earlier to a record high of C$ 69.9 billion, while imports increased 1.7% to C$ 64.9 billion.

Another data from Statistics Canada showed the total value of building permits in Canada fell by 1.5% over the month to C$ 11.9 billion in June of 2022, after rising by a downwardly revised 1.6% a month earlier.

European Shares Seen Mostly Lower Before US Inflation Data

European stocks may open broadly lower on Friday as the prospect of a peace agreement between Russia and Ukraine waned and focus shifted to a key U.S. inflation reading due later in the day that could provide additional clues on the Federal Reserve's rate outlook.

RTTNews | 1h 36minuter sedan

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 | 2h 44minuter 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 | 3h 40minuter 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 | 4h 9minuter 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 | 4h 43minuter 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 | 5h 15minuter 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 | 5h 33minuter 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 | 5h 45minuter sedan

EURUSD	1.16708	GBPUSD	1.34934	AUDUSD	0.65333
USDJPY	147.141	USDCAD	1.37513	USDCHF	0.80171