Bay Street Likely To Inch Higher In Cautious Trade

RTTNews | 583 gün önce

(RTTNews) - Canadian shares are likely to open higher on Monday, tracking firm crude oil prices and steady European markets. With the Bank of Canada's monetary policy announcement due on Wednesday, the mood is likely to remain a bit cautious.

The Bank of Canada is widely expected to keep its interest rate unchanged as inflation remains at elevated level. Canada's inflation accelerated to 3.4% in December, from 3.1% a month earlier.

CGI Inc. (GIB-A.TO) announced Monday a partnership with Korber to enable pharmaceutical and life sciences companies to improve production processes by combining CGI's end-to-end services with Korber's Werum PAS-X Manufacturing Execution System (MES) Suite.

Endeavour Mining (EDV.TO) announced that it produced 280,000 ounces of gold in the fourth quarter, down from 294,000 ounces in the year-ago quarter. For the full year 2023, Endeavour posted gold production of 1.07 million ounces, an 8% decrease from 1.16 million ounces in 2022.

Endeavour Mining expects gold production to increase by up to 18% in the full year 2024 to 1.13 million-1.27 million ounces due to project startups in the second quarter.

The Canadian market ended with a gain of 149.79 points or 0.7% at 20,906.52, climbing further off the nearly one-month closing low set on Wednesday.

Optimism about the outlook for earnings may have contributed to the strength in the tech sector ahead of next week's release of quarterly results from companies like Intel (INTC), IBM Corp. (IBM) and Netflix (NFLX).

Asian stocks ended mixed on Monday as concerns over China's faltering economy offset dovish BOJ bets.

European stocks are up in positive territory with investors digesting earnings updates, and looking ahead to the European Central Bank's monetary policy decision on Thursday.

In commodities, West Texas Intermediate Crude oil futures are up $0.40 or 0.54% at $73.81 a barrel.

Gold futures are down $1.20 or 0.06% at $2,028.10 an ounce, while Silver futures are down $0.391 or 1.72% at $22.320 an ounce.

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | 28 dakika önce

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.

RTTNews | 43 dakika önce

Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect

Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.

RTTNews | 1s 14 dakika önce

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.

RTTNews | 1s 26 dakika önce

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.

RTTNews | 1s 34 dakika önce

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.

RTTNews | 1s 43 dakika önce

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | 1s 50 dakika önce

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,935-point plateau and it may add to its winnings on Thursday.

RTTNews | 2s 13 dakika önce

EURUSD	1.16453	GBPUSD	1.35098	AUDUSD	0.65138
USDJPY	147.137	USDCAD	1.37762	USDCHF	0.80131