Bay Street Looks Headed For Positive Start

RTTNews | 984 gün önce

(RTTNews) - Canadian shares look headed for a positive start on Thursday, with energy and materials shares likely to gain on firm commodity prices.

Investors will also be reacting to earnings updates from major banks, in addition to a report from Markit Economics about manufacturing activity in the country.

Bank of Montreal (BMO.TO) reported fourth-quarter net income of $4,483 million, compared with $2,159 million in the year-ago quarter. Adjusted net income came in at $2,136 million for the fourth quarter, compared with $2,226 million a year ago.

Canadian Imperial Bank of Commerce (CM.TO) reported a net income of $1,185 million for the fourth quarter of 2022, compared with net income of $1,440 million in the year-ago quarter.

TD Bank Group (TD.TO) on Thursday reported fourth-quarter net income available to common shareholders of C$6.56 billion or C$3.62 per share, up sharply from C$3.72 billion or C$2.04 per share in the year-ago quarter.

On the economic front, data on Canadian labor productivity for the third quarter is due at 8:30 AM ET.

Markit Economics is scheduled to release a reading of Canadian manufacturing activity in the month of November at 9:30 AM ET. The S&P Global Canada Manufacturing PMI fell to 48.8 in October of 2022, down from 49.8 in September,

Canadian stocks rallied on Wednesday afternoon to end the session on a firm note as investors cheered Fed Chair Jerome Powell's comments about interest rate hikes.

Speaking at an event at the Brookings Institution, Powell said that it makes sense to moderate the pace of rate increases as the country approaches the level of restraint that will be sufficient to bring inflation down. "The time for moderating the pace of rate increases may come as soon as the December meeting," he added.

The benchmark S&P/TSX Composite Index ended with a gain of 175.85 points or 0.87% at 20,453.26, near the day's high. The index touched a low of 20,137.12 in early trades.

Asian stocks rose notably on Thursday after Federal Reserve Chair Jerome Powell hinted at slowing the pace of rate hikes and the giant Chinese cities of Guangzhou and Chongqing announced an easing of COVID curbs in the wake of nationwide rallies calling for an end to lockdowns.

European stocks are broadly higher with investors cheering Fed Chair Powell's dovish remarks on the pace of rate hikes, and on reports about easing of Covid curbs in China.

In commodities trading, West Texas Intermediate Crude oil futures are up $1.00 or 1.2% at $81.55 a barrel.

Gold futures are gaining $40.50 or 2.3% at $1,800.40 an ounce, while Silver futures are up $0.629 or 2.89% at $22.410 an ounce.

Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.

RTTNews | 46 dakika önce

Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 54 dakika önce

Renewed Consolidation Likely For Hong Kong Stock Market

The Hong Kong stock market moved higher again on Monday, one session after snapping the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,900-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 1s 9 dakika önce

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday after opening in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks and a mixed performance in mining and technology stocks.

RTTNews | 1s 16 dakika önce

China Stock Market May Hand Back Monday's Gains

The China stock market bounced higher again on Monday, one session after halting the four-day winning streak in which it had gathered almost 80 points or 2.4 percent. The Shanghai Composite Index now sits just beneath the 3,650-point plateau although it's likely to head south again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 1s 24 dakika önce

Taiwan Shares May Run Out Of Steam On Tuesday

The Taiwan stock market has moved higher in three straight sessions, rallying more than 685 points or 2.9 percent along the way. The Taiwan Stock Exchange now sits just above the 24,135-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 1s 54 dakika önce

Singapore Q2 GDP Climbs 4.4% On Year

Singapore's gross domestic product expanded 4.4 percent on year in the second quarter of 2025, the Ministry of Trade and Industry said on Tuesday - beating forecasts for 4.3 percent, which would have been unchanged.

RTTNews | 2s 2 dakika önce

Singapore Bourse May Give Up Support At 4,200 Points

The Singapore stock market has finished lower in two straight sessions, slipping more than 25 points or 0.6 percent along the way. The Straits Times Index now sits just above the 4,230-point plateau and it may extend its losses on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 2s 24 dakika önce

EURUSD	1.16219	GBPUSD	1.3433	AUDUSD	0.65207
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