Bay Street Likely To Open With Positive Bias

RTTNews | 10s 50 dakika önce

(RTTNews) - Canadian shares may open with a positive bias Thursday morning, tracking higher metal prices. Weak crude oil prices could trigger some selling in the energy space and limit market's upside.

U.S. producer price data and jobless claims data are in focus.

Telus Corporation (T.TO) reported fourth-quarter net income of $320 million, compared with net income of $310 million in the year-ago quarter.

Calian Group Inc. (CGY.TO) reported stronger-than-expected adjusted earnings of $10.5 million, or $0.88 per diluted share for the first quarter.

The Canadian market ended weak on Wednesday, as data showing a bigger than expected increase in U.S. consumer price inflation increased speculation the Federal Reserve will leave interest rates on hold for a prolonged period.

Energy stocks tumbled as crude oil prices fell sharply after data showed a sharp increase in U.S. crude inventories. Consumer discretionary and real estate stocks were among the other major losers.

Materials and communications stocks moved higher, pulling out the market from lower levels.

The benchmark S&P/TSX Composite Index ended with a loss of 68.72 points or 0.27% at 25,563.11.

Asian stocks advanced on Thursday after U.S. President Donald Trump said that he had a "lengthy and highly productive phone call" with President Vladimir V. Putin of Russia and that Ukraine's NATO membership is not "practical", raising expectations for an end to the war in Ukraine.

Trump expects to meet Putin in Saudi Arabia for Ukraine peace talks, sparking concerns about Ukraine's exclusion.

European stocks are mostly higher with investors reacting positively to earnings updates, and on optimism about an end to the Ukraine war.

In commodities, West Texas Intermediate Crude oil futures are down $0.99 or 1.39% at $70.38 a barrel.

Gold futures are gaining $17.90 or 0.61% at $2,946.60 an ounce, while Silver futures are up $0.025 or 0.08% at $32.810 an ounce.

European Stocks Closed On Firm On Earnings, Slightly Easing Geopolitical Concerns

European markets closed higher on Thursday, and several indexes climbed to fresh record or multi-month highs, as investors picked up stocks, reacting to earnings and on hopes of an end to the war in Ukraine. Hopes of more monetary easing by central banks, and optimism about an end to the ongoing war in Ukraine contributed to markets' upmove.

RTTNews | 5s 22 dakika önce

U.S. Dollar Drops On Russia-Ukraine Peace Hopes

The U.S. dollar weakened against its major counterparts in the New York session on Thursday, amid optimism about ending the Russia-Ukraine war.

RTTNews | 5s 49 dakika önce

U.S. Producer Price Growth Slightly Exceeds Estimates In January

Following yesterday's hotter than expected consumer price inflation data, the Labor Department released a report on Thursday showing U.S. producer prices also increased by slightly more than anticipated in the month of January. The Labor Department said its producer price index for final demand rose by 0.4 percent in January after climbing by an upwardly revised 0.5 percent in December.

RTTNews | 8s 52 dakika önce

U.S. Jobless Claims Dip Slightly More Than Expected To 213,000

First-time claims for U.S. unemployment benefits fell by slightly more than expected in the week ended February 8th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dipped to 213,000, a decrease of 7,000 from the previous week's revised level of 220,000.

RTTNews | 8s 56 dakika önce

Siemens Q1 Net Profit Surges, Orders Down; Backs FY25 View; Stock Up

Shares of Siemens AG were gaining around 6 percent in the German trading on the XETRA after the conglomerate on Thursday reported significantly higher profit in its first quarter, benefited by a gain on sale of Innomotics, and confirmed fiscal 2025 comparable revenue growth outlook. This was despite reporting weak earnings from continuing operations and orders in the quarter.

RTTNews | 9s 44 dakika önce

U.S. Producer Prices Rise Slightly More Than Expected In January

RTTNews | 10s 21 dakika önce

U.S. Weekly Jobless Claims Dip Slightly More Than Expected

First-time claims for U.S. unemployment benefits fell by slightly more than expected in the week ended February 8th, according to a report released by the Labor Department on Thursday.

RTTNews | 10s 27 dakika önce

UK Economy Unexpectedly Returns To Growth

The U.K. economy logged a surprise expansion in the fourth quarter of 2024, but the mild growth is unlikely to ease the pressure on the Chancellor who aims to turbocharge growth. Gross domestic product grew 0.1 percent from the third quarter, when there was nil growth, the Office for National Statistics reported Thursday.

RTTNews | 10s 33 dakika önce

EURUSD	1.04213	GBPUSD	1.25197	AUDUSD	0.62926
USDJPY	153.177	USDCAD	1.42334	USDCHF	0.90443