Bay Street Likely To Open On Positive Note

RTTNews | 62 gün önce

(RTTNews) - Higher Canadian and U.S. futures and firm oil and metal prices point to a positive start for Canadian stocks on Thursday. However, a lack of significant positive triggers could cap market's upside.

Brookfield Asset Management (BAM.TO) shares are likely to be in focus after the company said it would sell its Australian retirement home operator Aveo to The Living Company for A$3.85 billion.

In economic news, data from Statistics Canada showed average weekly earnings in Canada rose 4.4% in April (Year-on-Year), compared to a revised 4.06% rise in the previous month.

A separte data from Statistics Canada showed wholesale sales in Canada dropped by 0.4% in May, following a 2.3% decline in April.

The Canadian market closed weak on Wednesday after investors chose to take some profits following the previous session's record high levels. Investors also digested the data on Canadian consumer price inflation. The data showed the nation's consumer price index rose 3% year-on-year in May, down from 3.1% in the previous month.

Canada's inflation rate month-on-month increased 0.6% in May over the previous month.

The benchmark S&P/TSX Composite Index settled at 26,566.32 down by 152.30 or 0.57%.

Asian stocks turned in a mixed performance on Thursday, with Japanese markets hitting a nearly five-month high boosted by tech shares, while Seoul stocks fell sharply due to profit taking following the recent market rally.

European stocks are modestly higher in cautious trade with investors closely following the developments on the geopolitical front.

In commodities trading, West Texas Intermediate Crude oil futures are up 0.37 or 0.57% at $65.29 a barrel.

Gold futures are gaining $7.80 or 0.25% at $3,350.90 an ounce, while Silver futures are up $0.549 or 1.27% at $36.570 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 | 17 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 | 32 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 3 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 15 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 23 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 32 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 39 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 2 dakika önce

EURUSD	1.16477	GBPUSD	1.35141	AUDUSD	0.65186
USDJPY	147.216	USDCAD	1.37738	USDCHF	0.80134