Canadian Shares Seen Opening Higher

RTTNews | 894日前

(RTTNews) - Canadian shares are likely to open higher on Friday, tracking positive cues from European markets and higher crude oil and bullion prices.

Activity may remain a bit stock specific with investors reacting to quarterly earnings updates.

Data from Statistics Canada showed the nation's real Gross Domestic Product camed in unchanged in May. GDP increased 0.1% in June, the data showed.

According to a report released by the Canadian Federation of Independent Business, Canada's CFIB's Business Barometer long-term optimism index fell for a fourth consecutive month in July, dropping to 52.7, the lowest since May of 2020.

Imperial Oil (IMO.TO) reported estimated net income in the second quarter of $2,409 million, up from $1,173 million in the first quarter of 2022.

Enerplus Corp. (ERF.TO) said that it agreed to sell certain Canadian assets located in Alberta to Journey Energy Inc. for total consideration of C$140 million or US$109 million, prior to closing adjustments.

Magna International Inc. (MG.TO) reported adjusted earnings per share of $0.83 for the second quarter, compared to $1.40 in the year-ago quarter. The company said it now expects fiscal 2022 total sales in a range of $37.6 - $39.2 billion, revised from prior guidance range of $37.3 - $38.9 billion. The company continues to project adjusted EBIT margin in a range of 5.0% - 5.4%.

Enbridge Inc. (ENB.TO) announced second-quarer earnings of C$450 million, or C$0.22 per share, compared with C$1.394 billion, or C$0.69 per share a year ago.

The Canadian market ended higher on Thursday, shrugging off an early setback. Hopes that the U.S. Federal Reserve will slowdown its pace of interest rate hikes at its upcoming meetings contributed to the positive mood in the market.

The benchmark S&P/TSX Composite Index ended with a gain of 202.15 points or 1.05% at 19,456.71, slightly off the day's high of 19,472.70.

Asian stocks ended mixed on Friday as fresh concerns over economic growth in China eclipsed positive sentiment triggered by earnings news as well as potential pause or slowdown by the Fed.

European stocks are up firmly in positive territory Friday afternoon with investors reacting to some strong earnings updates and fairly good economic data.

In commodities trading, West Texas Intermediate Crude oil futures are up $2.20 or 2.3% at $98.62 a barrel.

Gold futures are gaining $5.00 or 0.3% at $1,774.20 an ounce, while Silver futures are up $0.087 or 0.44% at $19.955 an ounce.

European Shares May Struggle To Find Footing Amid Economic Uncertainty

European stocks may struggle for direction on Thursday, with trading volumes likely to remain thin due to a holiday in the U.S. to honor the death of former President Jimmy Carter.

RTTNews | 6時4分前

Sensex, Nifty Open Lower On Weak Global Cues

Indian shares were subdued on Thursday, tracking weak cues from global markets as Chinese inflation data disappointed and reports suggested that U.S. President-elect Donald Trump was mulling a national economic emergency declaration to provide legal justification for a series of universal tariffs on allies and adversaries.

RTTNews | 6時58分前

Asian Markets Mostly Lower

Asian stock markets are trading mostly lower on Thursday, following the mixed cues from Wall Street overnight, amid uncertainty about the outlook for interest rates following mixed U.S. jobs data. The minutes of the US Fed's latest monetary policy meeting also did not provide much insight into interest rates other than to suggest officials plan to take a "careful approach" to future decisions.

RTTNews | 8時11分前

Australian Market Slightly Trims Early Losses In Mid-market

The Australian market slightly trimmed the early losses and is trading notably lower in mid-market moves on Thursday. The benchmark S&P/ASX 200 is falling to near the 8,300 level, with weakness across most sectors led by technology and financial stocks. Gold miners remain the only bright spot.

RTTNews | 8時50分前

Sensex, Nifty Likely To Open On Cautious Note

Indian shares are seen opening on a cautious note Thursday as investors await cues from the upcoming Q3 earnings season and prepare for the highly anticipated U.S. jobs report due on Friday that could shed more light on the Federal Reserve's policy outlook.

RTTNews | 9時2分前

Thai Shares May Tick Higher On Thursday

The Thai stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had slumped more than 20 points or 1.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,390-point plateau and they're expected to open slightly to the upside on Thursday.

RTTNews | 9時33分前

Japanese Market Significantly Lower

Extending the losses in the previous sessions, the Japanese market is significantly lower on Thursday, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling well below the 39,700 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.

RTTNews | 9時44分前

China Inflation Unchanged In December

Consumer prices in China were flat on month in December, the National Bureau of Statistics said on Thursday

RTTNews | 9時57分前

EURUSD	1.03039	GBPUSD	1.23098	AUDUSD	0.61974
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