Bay Street Likely To Open Slightly Higher

RTTNews | hace 138

(RTTNews) - Canadian shares may open with a positive bias Thursday morning, tracking higher metal prices and fairly steady European stocks.

Empire Company Ltd. (EMP.A.TO) reported fourth quarter net earnings of $148.9 million ($0.61 per share) compared to $182.9 million ($0.72 per share) last year.

Aurora Cannabis Inc (ACB.TO) reported a net loss of $20.8 million from continuing operations for the three months ended March 31, 2024, compared to net loss of $76.2 million for the prior year period.

On the economic front, data on new housing prices in Canada for the mkonth of May is due at 8:30 AM ET.

The Canadian market ended at a 14-week low on Wednesday after a lackluster session, as investors looked for direction and largely stayed reluctant to make significant moves.

The benchmark S&P/TSX Composite Index ended down by 94.40 points or 0.44% at 21,516.90. The index briefly moved into positive territory in early trades but retreated soon.

Asian stocks ended mixed on Thursday as France's political crisis fueled jitters and investors look ahead to a slew of central bank decisions.

Chinese markets ended modestly lower as the People's Bank of China left benchmark lending rates unchanged at a monthly fixing and the central bank governor warned of weaker credit growth.

European stocks are up in positive territory with investors reacting to monetary policy announcements from the Bank of England (BoE) and the Swiss National Bank (SNB).

The BoE today retained its key policy rate for the seventh straight session. Policymakers said they remained prepared to adjust monetary policy as warranted by economic data to return inflation to the 2% target sustainably.

The SNB lowered its key policy rate by 25 basis points for the second consecutive meeting on Thursday, citing easing underlying inflationary pressures.

In commodities, West Texas Intermediate Crude oil futures are up marginally at $81.59 a barrel.

Gold futures are gaining $6.30 or 0.27% at $2,353.20 an ounce, while Silver futures are up $0.811 or 2.74% at $30.375 an ounce.

Canadian Market Up Firmly In Positive Territory

The Canadian market is up firmly in positive territory Tuesday afternoon, supported by gains in utilities, consumer staples, healthcare and technology sectors. Investors are largely reacting to quarterly earnings reports, and keeping an eye on U.S. Presidential election.

RTTNews | hace 5h 15min

Swiss Market Ends Weak

Despite a positive spell early on in the session on Tuesday, the Switzerland market turned a bit sluggish and then drifted down to eventually close modestly lower, as some disappointing earnings news weighed on sentiment.

RTTNews | hace 6h 23min

European Stocks Close Higher As Markets Await Central Banks Rate Decisions

European stocks closed broadly higher on Tuesday with investors largely making cautious moves, digesting mixed earnings updates and economic data, and looking ahead to the monetary policy announcements from the Bank of England and the Federal Reserve.

RTTNews | hace 6h 47min

U.S. Dollar Weakens Amid Election Uncertainty

The U.S. dollar lost ground against its most major counterparts on Tuesday, as investors awaited the results from the presidential election.

RTTNews | hace 7h 36min

U.S. Services Index Unexpectedly Climbs To Two-Year High In October

Service sector activity in the U.S. unexpectedly grew at an accelerated rate in the month of October, according to a report released by the Institute for Supply Management on Tuesday. The ISM said its services PMI rose to 56.0 in October from 54.9 in September, with a reading above 50 indicating growth. The uptick surprised economists, who had expected the index to dip to 53.8.

RTTNews | hace 9h 5min

U.S. Trade Deficit Widens To Largest In Over Two Years In September

A report released by the Commerce Department on Tuesday showed a substantial increase in the size of the U.S. trade deficit in the month of September, as imports surged and exports slumped. The Commerce Department said the trade deficit widened to $84.4 billion in September from a revised $70.8 billion in August.

RTTNews | hace 10h 18min

U.S. Trade Deficit Widens Significantly In September

A report released by the Commerce Department on Tuesday showed a substantial increase in the size of the U.S. trade deficit in the month of September, as imports surged and exports slumped.

RTTNews | hace 11h 19min

Bay Street Likely To Open With Positive Bias

Canadian shares may open with a positive bias on Tuesday, tracking higher crude oil and metal prices. The focus is on the U.S. Presidential election, and the upcoming monetary policy announcement from the Federal Reserve. Investors will also be reacting to a slew of earnings updates, and key economic data.

RTTNews | hace 12h 6min

EURUSD	1.09318	GBPUSD	1.30238	AUDUSD	0.66362
USDJPY	151.423	USDCAD	1.38408	USDCHF	0.8629