Bay Street Likely To Open With Negative Bias

RTTNews | 1021天前

(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.

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves 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 across most sectors led by mining and financial stocks.

RTTNews | 44分钟前

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation, which could impact the outlook for interest rates.

RTTNews | 47分钟前

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.

RTTNews | 2小时14分钟前

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.

RTTNews | 2小时32分钟前

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,900-point plateau although it's looking to bounce higher again 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44分钟前

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 | 2小时50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 | 2小时59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 | 3小时14分钟前

EURUSD	1.16215	GBPUSD	1.34556	AUDUSD	0.64885
USDJPY	147.892	USDCAD	1.38409	USDCHF	0.80499