Bay Street Likely To Open With Negative Bias

RTTNews | 925 วันที่ผ่านมา

(RTTNews) - Canadian shares are likely to open with a slightly negative bias on Thursday, weighed down by some disappointing earnings updates.

Sluggish commodity prices may also weigh on sentiment.

Manulife Financial (MFC.TO) reported fourth-quarter earnings of C$1.89 billion, or C$0.95 per share, compared with C$2.08 billion, or C$0.1.03 per share in the year-ago quarter.

Shopify Inc (SHOP.TO) posted earnings per share of 7 cents in the fourth quarter. The company expects year-on-year revenue growth in the high-teen percentages, worse than the consensus estimate of a 23% year-over-year growth.

Cenovus Energy Inc. (CVE.TO) reported fourth quarter net income of C$784 million or C$0.39 per share compared to a net loss of C$408 million or C$0.21 per share, previous year.

Canadian Tire Corporation (CTC.TO) reported fourth-quarter net income of C$562.6 million, compared with net income of C$535.7 million in the year-ago quarter.

MTY Food Group Inc. (MTY.TO) reported fourth-quarter net income of $7.1 million, or $0.29 per diluted share, compared with net income of $24.9 million, or $1.00 per diluted share a year ago.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.10 or 0.13% at $78.69 a barrel.

Gold futures are up $1.30 or 0.07% at $1,846.60 an ounce, while Silver futures are down marginally at $21.565 an ounce.

Canadian stocks recovered from an initial move to the downside during trading on Wednesday to end the day roughly flat.

The benchmark S&P/TSX Composite Index inched up 15.60 points or 0.1 percent to 20,720.39 after falling as low as 20.576.60 in early trading.

U.S. Dollar Falls Against Most Majors

The U.S. dollar weakened against its most major counterparts in the New York session on Friday.

RTTNews | 1 ชม. 46 นาทีที่ผ่านมา

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.

RTTNews | 3 ชม. 5 นาทีที่ผ่านมา

Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings

Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.

RTTNews | 5 ชม. 19 นาทีที่ผ่านมา

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.

RTTNews | 5 ชม. 55 นาทีที่ผ่านมา

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.

RTTNews | 6 ชม. 23 นาทีที่ผ่านมา

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | 9 ชม. 8 นาทีที่ผ่านมา

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | 9 ชม. 27 นาทีที่ผ่านมา

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | 10 ชม. 10 นาทีที่ผ่านมา

EURUSD	1.1684	GBPUSD	1.34987	AUDUSD	0.6538
USDJPY	147.04	USDCAD	1.3741	USDCHF	0.80047