Bay Street Seen Opening On Positive Note

RTTNews | Pred 793 dňami

(RTTNews) - Canadian shares are likely to open on a positive note on Wednesday, tracking higher crude oil and bullion prices, as well as firm European markets.

Investors will be reacting to quarterly earnings updates from Canadian companies, and also be focusing on Fed Chair Jerome Powell's speech at a Brookings Institute event later in the day.

Royal Bank of Canada (RY.TO) reported net income of $3.9 billion in the fourth quarter, almost flat from a year ago. For the full financial year, the bank reported a net income of $15.8 billion, down 2% from a year earlier.

National Bank of Canada (NA.TO) reported fourth-quarter net income of $738 million, down 4% from the fourth-quargter net income of $769 million it had posted in the previous year.

BRP Inc (DOO.TO) announced that its bottomline came in at C$141.6 million, or c$1.76 per share in the third quarter of the current financial year, compared with C$127.7 million, or C$1.53 per share in the year-ago quarter.

Enbridge Inc (ENB.TO) announced Pamela Carter as Chair of the Board effective January 1, 2023. The appointment is coincident with the appointment of current Board Chair, Greg Ebel, as President & CEO on the same date.

The Canadian market ended modestly higher on Tuesday, led by gains in materials, energy and healthcare sectors. The benchmark S&P/TSX Composite Index ended with a gain of 56.92 points or 0.28% at 20,277.41. The index touched a low of 20,229.28 and a high of 20,322.70 in the session.

Asian stocks ended broadly higher on Wednesday despite weak data from China and worries about the worsening COVID-19 situation in the country.

China's Shanghai Composite index fluctuated before finishing marginally higher at 3,151.34 as hopes on China eventually reopening its economy offset disappointing factory and services sector data.

European stocks are up in positive territory, with investors reacting to eurozone inflation data and looking ahead to Powell's speech later in the day for clues about Fed's rate hike moves.

According to flash estimate from Eurostat, eurozone inflation slowed more than expected to 10 percent in November from 10.6 percent in October.

In commodities trading, West Texas Intermediate Crude oil futures are up $1.77 or 2.26% at $79.97 a barrel.

Gold futures are gaining $12.60 or 0.72% at $1,761.00 an ounce, while Silver futures are up $0.314 or 1.46% at $21.750 an ounce.

German Inflation Unexpectedly Eases In January

Consumer price pressures in Germany slowed unexpected at the start of the year amid a sharp slowdown in food inflation, offering some relief for the European Central Bank that lowered interest rates a day earlier and plan to continue easing to boost the single currency economy that came to a standstill in the final three months of 2024.

RTTNews | Pred 7 h 27 min

Swiss Markets Ends Slightly Weak

The Swiss market edged down marginally on Friday with stocks paring gains in late afternoon trade as investors chose to take some profits following a long winning streak. Data showing a stronger than expected jump in the nation's retail sales aided sentiment.

RTTNews | Pred 8 h 37 min

Major European Markets Close Slightly Higher

European stocks saw some profit taking in late afternoon trades on Friday, but the major markets in the region still managed to close slightly up. Investors assessed recent economic data, earnings news, and monetary policy announcements of the Federal Reserve and the European Central Bank.

RTTNews | Pred 8 h 52 min

Canadian Market Down Marginally In Cautious Trade; Tech Stocks Move Higher

The Canadian market is up in positive territory a little past noon on Friday with the benchmark S&P/TSX Composite Index hovering near record high, thanks largely to strong buying in the technology sector after encouraging earnings updates from big name U.S. companies such as Apple Inc. and Meta Platforms.

RTTNews | Pred 10 h 13 min

U.S. Dollar Advances Amid Trump's Tariff Threats

The U.S. dollar firmed against its most major counterparts in the New York session on Friday amid concerns about President Donald Trump's renewed pledge to slap 25 percent tariffs on imports from Canada and Mexico on February 1.

RTTNews | Pred 10 h 22 min

ECB Surveys Show Rising Eurozone Inflation Expectations

Euro area consumers' inflation expectations for the next 12 months increased for a third straight month in December, while professional forecasters revised up the projections for this year and next, separate surveys by the European Central Bank showed on Friday.

RTTNews | Pred 10 h 31 min

Chicago Business Barometer Increases But Still Indicates Contraction

MNI Indicators released a report on Friday showing its reading on Chicago-area business activity increased in the month of January but continued to indicate contraction. The report said the Chicago business barometer rose to 39.5 in January from 36.9 in December, although a reading below 50 still indicates contraction. Economists had expected the index to climb to 40.0.

RTTNews | Pred 12 h 30 min

U.S. Consumer Price Growth Matches Estimates In December

The Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. increased in line with economist estimates in the month of December. The report said the personal consumption expenditures (PCE) price index rose by 0.3 percent in December after inching up by 0.1 percent in November. The increase matched expectations.

RTTNews | Pred 12 h 38 min

EURUSD	1.03759	GBPUSD	1.24011	AUDUSD	0.62174
USDJPY	155.086	USDCAD	1.45225	USDCHF	0.91047