Bay Street Likely To See Positive Start

RTTNews | 1119 ngày trước

(RTTNews) - Fairly strong earnings updates from Canadian and U.S. companies and firm commodity prices point to a positive start on Bay Street Thursday morning.

In earnings news, Canadian Natural Resources Inc (CNQ.TO) reported adjusted net earnings from operations of $3.8 billion for the quarter ended June 2022, compared with net earnings of $1.5 billion in the year-ago quarter.

Thomson Reuters Corporation (TRI.TO) reported adjusted EPS of $0.60 per share for the second-quarter of this financial year, up from $0.48 per share in the year-ago quarter.

BCE Inc. (BCE.TO) reported second-quarter net earnings of $654 million, down 10.9%, from a year ago.

SNC-Lavalin Group Inc. (SNC.TO) reported net income from continuing operations of C$1.6 million or C$0.01 per share in the second quarter, significantly lower than C$29.2 million or C$0.17 per share in the same quarter a year ago.

Lightspeed Commerce Inc (LSPD.TO) reported a net loss of $100 million, or $0.68 per share for the second quarter, as compared to a net loss of $49.3 million, or $0.38 per share in the year-ago quarter.

Investors will also be digesting the data on Canada's trade balance for the month of June, and building permits.

The Canadian market closed higher on Wednesday, led by gains in technology, healthcare and financials sectors.

Buoyant U.S. services sector data aided sentiment, while weak crude oil prices weighed on energy stocks and limited market's upside. Materials shares were weak as well.

The benchmark S&P/TSX Composite Index ended with a gain of 40.61 points or 0.21% at 19,545.94, after scaling a low of 19,485.03 and a high of 19,616.12 intraday.

Asian stocks ended mostly higher on Thursday as encouraging U.S. data and earnings helped ease recession concerns.

European stocks are up firmly in positive territory with investors reacting to earnings updates and the Bank of England's interest rate decision.

The Bank of England today raised its benchmark rate by half-a-percentage point given the more persistent inflationary pressures and the tight labor market conditions. The monetary policy committee of the central bank voted 8-1 to lift the bank rate by 50 basis points to 1.75%, the highest rate since December 2008. This was the sixth consecutive rate hike.

In commodities trading, West Texas Intermediate Crude oil futures are up $0.54 or 0.6% at $91.20 a barrel.

Gold futures are gaining $27.60 or 1.55% at $1,804.00 an ounce, while Silver futures are gaining $0.441 or 2.22% at $20.335 an ounce.

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.

RTTNews | 1h 21phút trước

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.

RTTNews | 2h 14phút trước

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.

RTTNews | 2h 15phút trước

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 | 3h 41phút trước

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 | 3h 56phút trước

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 | 4h 27phút trước

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 | 4h 38phút trước

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 | 4h 47phút trước

EURUSD	1.16422	GBPUSD	1.35037	AUDUSD	0.65116
USDJPY	147.307	USDCAD	1.37839	USDCHF	0.80189