Bay Street Likely To Open On Cautious Note; U.S. Inflation Data In Focus

RTTNews | 1120天前

(RTTNews) - Canadian shares are likely to open on a cautious note on Wednesday with investors focusing on U.S. inflation data, which will provide clues on the Fed's next move on interest rates.

Investors will also be reacting to a slew of Canadian earnings announcements.

Metro Inc. (MRU.TO) reported net earnings of $275.0 million for the third quarter of current fiscal, up 9% from a year ago. Adjusted net earnings came in at $283.8 million for the latest quarter, up 8.7% from the year-ago quarter.

ATS Automation Tooling Systems Inc. (ATA.TO) reported net earnings of $39.4 million for the first quarter, up 37.3% over the year-ago quarter.

Boyd Group Services Inc. (BYD.TO) announced that its adjusted net earnings for the second quarter increased to $13.6 million, compared with $11.4 million in the same period last year. Adjusted net earnings per share came in at $0.63, compared with $0.53 a year ago.

Centerra Gold Inc (CG.TO) said it posted a net loss of $2.6 million in the second quarter of this financial year. The loss included a $40.9 million reclamation provision revaluation recovery at the Endako Mine and the Thompson Creek Mine, the company said.

Magnet Forensics Inc. (MAGT.TO) reported net loss of $1 million in the second quarter of 2022, compared to net income of $1.6 million in the corresponding quarter last year.

The Canadian market ended notably lower on Tuesday after spending almost the entire session in negative territory. Healthcare and technology stocks were the major losers. The benchmark S&P/TSX Composite Index ended lower by 90.87 points or 0.46% at 19,578.30.

Asian stocks ended lower on Wednesday, as risk appetite remained in check ahead of key U.S. inflation data due out later in the day that could offer clues on the Fed's next move on interest rates.

European stocks are turning in a mixed performance in cautious trade with investors awaiting the consumer price inflation data from the U.S.

In commodities trading, West Texas Intermediate Crude oil futures are down $1.51 or 1.67% at $88.99 a barrel.

Gold futures are down $3.70 or 0.21% at $1,808.60 an ounce, while Silver futures are lower by $0.037 or 0.17% at $20.445 an ounce.

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 | 14分钟前

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 | 1小时7分钟前

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 | 2小时19分钟前

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 | 3小时26分钟前

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 | 4小时41分钟前

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 | 5小时2分钟前

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 | 5小时49分钟前

CAC 40 Up Nearly 1%; Schneider Electric Rises Over 3.5%

French stocks are up firmly in positive territory on Wednesday, recovering strongly after suffering a setback in the previous session amid concerns over debt sustainability in major economies across Europe and Asia, and political uncertainty in France.

RTTNews | 6小时28分钟前

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