Bay Street Likely To Open Slightly Higher

RTTNews | 160天前

(RTTNews) - Canadian shares are likely to open slightly higher on Wednesday. The mood is likely to remain cautious as market awaits the Federal Reserve's monetary policy announcement later in the day.

The Fed is widely expected to hold rates. The bank's accompanying statement is in focus for views about growth and future policy moves.

Rising tensions in the Middle East, and worries about growth due to Trump's tariffs are likely to weigh on sentiment.

Israeli airstrikes on Gaza killed over 400, reigniting a conflict that has claimed 48500 Palestinian lives.

Adding to the unease, Russian President Vladimir Putin rejected an immediate and full ceasefire in Ukraine, agreeing only to halt attacks on energy infrastructure for 30 days.

Boyd Group Services (BYD.TO) reported net earnings of US$ 2.4 million of US$ 0.11 per share for the three months ended December 31, 2024, compared with US $19.1 million or US $0.89 per share a year earlier.

B2Gold Corp (BTO.TO) announced on Tuesday that the Phase 2 expansion of the Fekola Solar Plant is complete and operational, two years after construction began. The expansion of the Fekola Solar Plant included the construction of an additional 46,200 solar panels, increasing the total panel count to 142,912, the company said.

The Canadian market ended modestly lower on Tuesday as hot inflation data, and growth worries due to Trump's tariffs weighed on sentiment. Also, investors stayed cautious ahead of the Federal Reserve's monetary policy announcement, due on Wednesday.

A bigger than expected rise in inflation has raised concerns that the Bank of Canada will go slow on monetary easing.

The benchmark S&P/TSX Composite Index closed down 79.04 points or 0.32% at 24,706.07, recovering well from a low of 24,572.33.

Asian stocks ended mixed as Middle East tensions escalated, and investors awaited the Federal Reserve's projections for economic growth and inflation against the backdrop of U.S. President Donald Trump's aggressive stance on tariffs.

European stocks are turning in a mixed performance with investors looking ahead to the Federal Reserve's policy announcement due later in the day, and the Bank of England's rate decision on Thursday. Geopolitical concerns and concerns about growth due to Trump's tariffs are weighing on sentiment.

In commodities, West Texas Intermediate Crude oil futures are down marginally at $68.86 a barrel.

Gold futures are gaining $6.10 or 0.2% at $3,046.90 an ounce, while Silver futures are down $0.188 or 0.55% at $34.630 an ounce.

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.

RTTNews | 12分钟前

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.

RTTNews | 21分钟前

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.

RTTNews | 36分钟前

Win Streak May Continue For Taiwan Stock Market

The Taiwan stock market has tracked higher in back-to-back sessions, gathering almost 540 points or 2.2 percent along the way. The Taiwan Stock Exchange now rests just above the 24,300-point plateau and it may add to its winnings again on Wednesday.

RTTNews | 1小时6分钟前

Singapore Stock Market Expected To Open In The Green

The Singapore stock market on Tuesday snapped the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,240-point plateau although it may move back above water on Wednesday.

RTTNews | 1小时36分钟前

Malaysia Stock Market Expected To Open To The Upside On Wednesday

The Malaysia stock market on Tuesday wrote a finish to the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau although it's likely to rebound on Wednesday.

RTTNews | 2小时6分钟前

Japan Stock Market May See Renewed Support

The Japan stock market on Tuesday halted the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just beneath the 42,400-point plateau although it's expected to open in the green on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead. The Nikkei finished sharply lower on Tuesday following losses from the financial shares, technology stocks and automobile producers. For the day, the index slumped 413.42 points or 0.97 percent to finish at 42,394.40 after trading between 42,137.62 and 42,703.27. Among the actives, Nissan Motor plummeted 6.25 percent, while Mazda Motor added 0.40 percent, Toyota Motor retreated 1.41 percent, Honda Motor tumbled 1.71 percent, Softbank Group dropped 0.91 percent, Mitsubishi UFJ Financial sank 0.72 percent, Mizuho Financial shed 0.45 percent, Sumitomo Mitsui Financial skidded 1.01 percent, Mitsubishi Electric tumbled 1.91 percent, Sony Group declined 1.87 percent, Panasonic Holdings slumped 1.11 percent and Hitachi contracted 1.63 percent.

RTTNews | 2小时21分钟前

Rebound Tipped For South Korea Stock Market

The South Korea stock market on Tuesday ended the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,180-point plateau although it may reverse those losses on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | 2小时36分钟前

EURUSD	1.1634	GBPUSD	1.34731	AUDUSD	0.65036
USDJPY	147.596	USDCAD	1.38304	USDCHF	0.80417