Resources Stocks May Edge Higher As Bay Street Looks Headed For Mixed Open

RTTNews | 228天前

(RTTNews) - Canadian shares are likely to turn in a mixed performance on Thursday, with investors looking ahead to U.S. and Canadian jobs data, due on Friday. Energy and materials stocks may find some support thanks to higher commodity prices.

Volume of business is likely to be a bit thin as U.S. markets are closed today in honor of former U.S. President Jimmy Carter, who died in late December at age 100.

In company news, Osisko Development (ODV) announced the appointment of David Rouleau as Vice President, Project Development. The company also announced that ric Tremblay, Chief Operating Officer, is leaving the company effective immediately.

Endeavour Silver Corp. (EDR.TO) reported a decline in gold and silver production for the fourth quarter. However, the company posted an improvement in annual gold output. For the three-month period to December 31, 2024, the company recorded gold output of 9,075 ounces, lower than 9,608 ounces, registered for the same period last year. For the full year, gold output was 39,047 ounces, higher than 37,858 ounces in 2023.

The Canadian market closed on a firm note on Wednesday thanks to strong buying in technology and materials sectors.

Weakness in healthcare, communications and consumer discretionary sectors limited the market's upside.

The market gained despite reports that U.S. President-elect Donald Trump is planning to impose new tariffs.

The benchmark S&P/TSX Composite Index ended the session with a gain of 121.79 points or 0.49% at 25,051.68, slightly off the day's high of 25,061.55.

Asian stocks closed broadly lower on Thursday as investors reacted to U.S. President-elect Donald Trump's tariff threats, a buoyant dollar and disappointing Chinese inflation data.

The U.S. dollar was underpinned by rising Treasury yields amid expectations that Trump's fiscal and tariff policies may add to price pressures and keep U.S. interest rates higher for longer.

European stocks are up mostly in positive territory with investors digesting recent economic data, and looking ahead to jobs report from the U.S. for clues about the outlook for interest rate cuts by the Federal Reserve.

In commodities, West Texas Intermediate Crude oil futures are up $0.15 or 0.2% at $73.47 a barrel.

Gold futures are gaining $17.60 or 0.66% at $2,690.00 an ounce, while Silver futures are up $0.340 or 1.11% at $31.030 an ounce.

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 27分钟前

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 57分钟前

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | 1小时12分钟前

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1小时27分钟前

EURUSD	1.16493	GBPUSD	1.34769	AUDUSD	0.64907
USDJPY	147.274	USDCAD	1.38471	USDCHF	0.80415

Resources Stocks May Edge Higher As Bay Street Looks Headed For Mixed Open

Singapore Stock Market Tipped To Open In The Red

Rally May Stall For Malaysia Stock Market

Japan Stock Market May Spin Its Wheels On Tuesday

KOSPI May Run Out Of Steam On Tuesday

RBA Minutes On Tap For Tuesday

U.S. Dollar Climbs Against Majors

Swiss Market Ends Moderately Lower

European Markets Close Weak After Cautious Session