Bay Street Likely To See Mixed Open

RTTNews | 11h 10minuter sedan

(RTTNews) - Canadian shares may open on a mixed note Wednesday morning, tracking mixed commodity markets, and on lingering concerns about the impact of Trump administration's trade policies on the outlook for global economic growth.

Data on Canadian manufacturing and services sector activity for the month of January is due at 9:30 AM ET.

Canadian trade data for the month of December is due at 8:30 AM ET.

In earnings news, ATS Corp. (ATS.TO) said its third-quarter bottom line came in at $6.51 million, or $0.07 per share. This compares with $47.18 million, or $0.47 per share, last year. Excluding items, ATS Corp. reported adjusted earnings of $30.9 million or $0.32 per share for the period.

Finning International (FTT.TO) reported adjusted earnings per share of $1.02 in the fourth-quarter, compared with $0.96 in the year-ago quarter. Revenue rose 7% to $2.58 billion from $2.40 billion a year ago.

The Canadian market closed marginally up on Tuesday as trade concerns eased a bit after the U.S. administration decided to pause tariffs on Canadian goods for about a month.

Still, with the U.S. and China slapping levies on each other, worries about global economic outlook lingered, rendering the mood cautious.

The benchmark S&P/TSX Composite Index, which climbed to 25,446.17, gaining more than 200 points in the process, pared most of its gains and ended the session just 37.59 points or 0.15% up at 25,279.35.

Asian stocks closed on a mixed note on Wednesday as tariff worries persisted, and a private survey showed China's services activity expanded at a slower pace in January.

Weak earnings updates from Alphabet and AMD may also weigh on sentiment.

European stocks turning in a mixed performance with investors largely making cautious moves, assessing the possible impact of U.S.' trade policies on global economic growth.

In commodities, West Texas Intermediate Crude oil futures are down $0.80 or 1.1% at $71.90 a barrel.

Gold futures are gaining $16.20 or 0.56% at $2,892.00 an ounce, while Silver futures are down $0.107 or 0.32% at $32.915 an ounce.

Swiss Market Ends On Firm Note

After struggling for direction till an hour before noon, the Switzerland market started to climb higher on Wednesday, as investors pickup stocks, reacting to earnings updates.

RTTNews | 5h 20minuter sedan

European Stocks Close Mostly Higher As Investors Focus On Earnings, Economic Data

European stocks closed mostly higher on Wednesday with investors shrugging off concerns about tariffs for now and focusing on corporate earnings and regional economic data. Investors digested the data on manufacturing and services sector activity in European countries.

RTTNews | 5h 34minuter sedan

Swiss Franc Higher Against Most Majors

The Swiss franc rose against its most major counterparts in the New York session on Wednesday.

RTTNews | 5h 35minuter sedan

U.S. Services Index Unexpectedly Indicates Modestly Slower Growth In January

Service sector growth in the U.S. unexpectedly slowed modestly in the month of January, according to a report released by the Institute for Supply Management on Wednesday. The ISM said its services PMI dipped to 52.8 in January from a revised 54.0 in December. While a reading above 50 still indicates growth, economists had expected the index to inch up to 54.3.

RTTNews | 8h 39minuter sedan

U.S. Trade Deficit Spikes To Over Two-Year High In December

A report released by the Commerce Department on Wednesday showed the U.S. trade deficit widened significantly in December, as imports surged and exports plunged. The Commerce Department said the trade deficit spiked to $98.4 billion in December from a revised $78.9 billion in November. Economists had expected the trade deficit to jump to $96.6 billion.

RTTNews | 9h 9minuter sedan

U.S. Private Sector Job Growth Exceeds Estimates In January

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by more than expected in the month of January. ADP said private sector employment climbed by 183,000 jobs in January after rising by an upwardly revised 176,000 jobs in December. Economists had expected private sector employment to rise by 150,000 jobs.

RTTNews | 9h 58minuter sedan

GSK Stock Up On Q4 Results, Positive Outlook; Plans To Buyback GBP 2 Bln Shares

Shares of GSK Plc. were gaining around 6 percent on the London Stock Exchange, as well as in the pre-market activity on the NYSE, after the British drug maker reported Wednesday a higher fourth-quarter results and issued positive outlook for fiscal 2025. The company further raised its sales view for fiscal 2031, and announced dividends and 2 billion pounds share buyback programme.

RTTNews | 9h 58minuter sedan

U.S. Trade Deficit Widens Significant In December As Imports Jump, Exports Plunge

A report released by the Commerce Department on Wednesday showed the U.S. trade deficit widened significantly in December, as imports surged and exports plunged.

RTTNews | 10h 24minuter sedan

EURUSD	1.0416	GBPUSD	1.2511	AUDUSD	0.62891
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