Bay Street Likely To Open With Negative Bias

RTTNews | 1140 gün önce

(RTTNews) - Canadian shares are likely to open with a negative bias on Wednesday, weighed down by weak commodity prices and European stocks.

Investors, in addition to following the U.S. elections results, are likely to make stock specific moves, tracking a slew of earnings updates.

Results so far show Republicans are likely to narrowly win control of the U.S. House.

In Canadian company news, BMO Financial Group (BMO.TO) said that its subsidiary, BMO Harris Bank N.A. intends to pursue all available legal options including appealing the jury verdict and award in a lawsuit related to a Ponzi scheme carried out by Thomas J. Petters and certain affiliated individuals and entities that operated a deposit account at a predecessor bank, M&I Marshall and Ilsley Bank.

Canopy Growth Corp. (WEED.TO) reported that its second quarter net loss attributable to Canopy Growth widened to C$221.8 million from a loss of C$11.1 million, prior year. Loss per share was C$0.47 compared to a loss of C$0.03.

CGI Inc (GIB.A.TO) reported fourth-quarter net earnings of $362.4 million, up 4.7% year-over-year.

Rogers Communications Inc. (RCI.A.TO) reported adjusted net income of $436 million for the quarter ended September 30, 2022, compared with net income of $536 million in the corresponding quarter of the previous year.

Boyd Group Services Inc (BYD.TO) said its net earnings increased to $11.9 million in the third quarter, compared with $0.4 million in the same period of 2021 and net earnings per share increased to $0.55, compared with $0.02 in the same period of 2021

The Canadian market shrugged off a late afternoon setback and ended on a positive note on Tuesday. The benchmark S&P/TSX Composite Index dropped to 19,533.85 after having climbed to 19,743.32 earlier in the session, and finally settled at 19,660.31, recording a gain of 114.40 points or 0.59%.

Asian stocks turned in a mixed performance on Wednesday as investors fretted about a surge in new infections in some Chinese cities and monitored the U.S mid-term election results. Thursday's U.S. CPI data also remained on investors' radar.

Chinese shares ended lower as COVID-19 cases in the country continued to surge and inflation data painted a rather gloomy picture. The benchmark Shanghai Composite index slipped 0.53 percent to close at 3,048.17.

China's consumer inflation slowed more than expected in October, while the annualized producer price index fell for the first time in October since December 2020, separate reports showed.

European stocks slipped into the red on Wednesday as investors awaited the results of Tuesday's midterm elections in the United States.

In commodities trading, West Texas Intermediate Crude oil futures are down $1.56 or 1.75% at $87.35 a barrel.

Gold futures are lower by $5.20 or 0.3% at $1,710.80 an ounce, while Silver futures are down $0.142 or 0.66% at $21.360 an ounce.

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Tuesday.

RTTNews | 1s 33 dakika önce

Europe Car Sales Increase In November

Europe's new car registrations increased for the fifth straight month in November, driven by robust growth in battery electric cars sales, data from the European Automobile Manufacturers' Association, or ACEA, showed Tuesday. Car registrations grew 2.1 percent year-on-year in November but slower that the 5.8 percent rise seen in October.

RTTNews | 3s 16 dakika önce

European Economic News Preview: German Import Price Data Due

Import prices from Germany and revised GDP data from Spain are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to issue Germany's import price data. Economists expect import prices to grow 0.2 percent month-on-month in November, the same rate as in October. In the meantime, producer price figures are due from Sweden.

RTTNews | 3s 49 dakika önce

Cautious Optimism Expected In European Markets

Stock markets in Europe are expected to trade on a cautiously optimistic note on Tuesday amidst rising geopolitical tensions, Fed rate cut hopes, thin holiday trade as well as mixed reactions to tech valuations.

RTTNews | 4s 27 dakika önce

RBA Minutes: Policymakers Discussed Rate Hike Scenario

Policymakers of the Reserve Bank of Australia discussed scenarios in which policy tightening may need to be considered, the minutes of the meeting held on December 8 and 9 showed Tuesday. Members became less confident that monetary policy remains restrictive, the minutes showed. Policymakers assessed that inflationary pressures could be a little more persistent than had been previously estimated

RTTNews | 4s 31 dakika önce

Australian Market Sharply Extends Early Gains In Mid-market

The Australian stock market is sharply expending the early gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,750 level, with gains across most sectors led by financial and technology stocks.

RTTNews | 6s 57 dakika önce

Indian Shares Look Headed For Another Positive Start

It's likely to be a firm start for Indian shares on Tuesday with investors set to track positive cues from Wall Street and Asian markets. A drop in oil prices is also likely to aid sentiment.

RTTNews | 7s 6 dakika önce

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as the markets extend their gains boosted continued strength among technology stocks. Major currencies in the region also strengthened against the US dollar. Asian markets closed mostly higher on Monday.

RTTNews | 7s 10 dakika önce

EURUSD	1.17851	GBPUSD	1.35053	AUDUSD	0.66892
USDJPY	155.832	USDCAD	1.37136	USDCHF	0.78801