Bay Street Likely To Open On Mixed Note

RTTNews | 215 gün önce

(RTTNews) - Canadian shares are likely to open on a mixed note on Friday with investors reacting to the nation's GDP data, and treading cautiously ahead of the February 1 deadline for the imposition of trade duties on Canada.

Data from Statistics Canada showed Canadian real gross domestic product decreased 0.2% in November. According to preliminary estimates, the economy rebounded in December and GDP likely grew 0.2%.

In earnings news, Imperial Oil Ltd. (IMO.TO) reported that fourth-quarter net income declined to C$1.23 billion or C$2.37 per share from C$1.37 billion or C$2.47 per share in the prior-year quarter. Total revenues and other income for the quarter decreased to C$12.61 billion from C$13.11 billion in the same quarter last year.

Analysts polled expected the company to report earnings of C$2.18 per share on revenues of C$13.21 billion for the quarter.

The Canadian market climbed to a record high on Thursday, lifted by strong gains in technology and materials sectors. While encouraging earnings from a few big name U.S. tech companies triggered heavy buying in the tech space, firm metal prices pushed up materials shares.

Healthcare, utilities, real estate and industrials stocks were the other major gainers.

Investors digested U.S. and European economic data, and the European Central Bank's monetary policy announcement.

The benchmark S&P/TSX Composite Index ended with a solid gain of 334.95 points or 1.31% at 25,808.25. The index scaled a fresh record high of 25,875.61 in the session.

Most Asian markets rose on Friday following encouraging earnings updates from Apple and Intel. Seoul stocks underperformed amid a sell-off in tech shares on concerns over China's growing AI capabilities.

The major European markets are up in positive territory, reacting to some encouraging earnings news, and on optimism about more monetary easing by central banks.

In commodities, West Texas Intermediate Crude oil futures are up $0.23 or about 0.32% at $72.96 a barrel.

Gold futures are flat at $2,854.20 an ounce, while Silver futures are gaining $0.177 or 0.54% at $32.670 an ounce.

Swiss Market Closes On Bright Note

The Switzerland market closed on a bright note on Wednesday after holding firm right through the day's trading session thanks to sustained buying at several counters from across various sectors.

RTTNews | 2s 2 dakika önce

European Stocks Close Higher On Bargain Hunting, Fairly Positive Economic Data

European stocks closed broadly higher on Wednesday as slightly encouraging data on private sector activity in the region aided sentiment. Bargain hunting at several counters after Tuesday's decline helped as well in pushing up prices.

RTTNews | 2s 26 dakika önce

Consumer Staples, Materials Stocks Rise As TSX Hits New Record High

The Canadian market is up in positive territory a little past noon on Wednesday, thanks to strong gains in consumer staples, materials and technology sectors. Energy and healthcare stocks are weak, while shares from rest of the sectors are turning in a mixed performance.

RTTNews | 3s 19 dakika önce

U.S. Job Openings Fall To Ten-Month Low In July

Job openings in the U.S. fell to their lowest level in ten months in July, according to a report released by the Labor Department on Wednesday. The Labor Department said job openings dipped to 7.181 million in July after tumbling to a downwardly revised 7.357 million in June.

RTTNews | 4s 32 dakika önce

U.S. Factory Orders Slump Roughly In Line With Estimates In July

A report released by the Commerce Department on Wednesday showed an extended slump by new orders for U.S. manufactured goods in the month of July. The Commerce Department said factory orders fell by 1.3 percent in July after plunging by 4.8 percent in June. Economists had expected factory orders to decrease by 1.4 percent.

RTTNews | 5s 38 dakika önce

Eurozone Private Sector Growth At 1-Year High

The euro area private sector expanded at the fastest pace in a year in August but the overall pace was sluggish as the service sector held back growth, final survey data from S&P Global showed on Wednesday. The HCOB composite output index rose to 51.0 in August from 50.9 in July. The score was slightly below the initial estimate of 51.1.

RTTNews | 6s 54 dakika önce

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a somewhat mixed note on Wednesday, tracking commodity prices. With some crucial economic data, including jobs data from Canada and the U.S. due later in the week, the mood is likely to remain cautious.

RTTNews | 7s 14 dakika önce

FTSE Up Nearly 0.6%; Miners Among Top Gainers

The U.K. market remains well placed in positive territory in early afternoon trades on Wednesday, coming back strongly after posting a notable loss in the previous session. Mining stocks are among the prominent gainers.

RTTNews | 8s 2 dakika önce

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