Bay Street Likely To Open On Positive Note

RTTNews | 683 ngày trước

(RTTNews) - Higher Canadian and U.S. futures and steady commodity prices point to a positive start for the Canadian market on Thursday.

Investors will also react to a slew of earnings announcements from Canadian companies. U.S. GDP data is likely to make an impact.

In earnings news, business jet manufacturer Bombardier Inc. (BBD_B.TO) reported a profit of $302 million or $2.98 per share in the first quarter, compared with a loss of $287 million or $3.09 per share in the same quarter a year ago.

Canadian Utilities Limited (CU.TO) announced first quarter 2023 adjusted earnings of $217 million ($0.81 per share), compared to $219 million ($0.81 per share) in the first quarter of 2022.

ATCO Ltd. (ACO.X.TO) reported first quarter 2023 adjusted earnings of $137 million ($1.21 per share), compared to $134 million ($1.17 per share) in the first quarter of 2022.

Mullen Group Ltd. (MTL.TO) reported a net income of $31.7 million for the first quarter of the current fiscal, compared with net income of $19.5 million a year ago.

In economic news, Canada's CFIB Business Barometer long-term optimism index increased to a ten-month high of 55.7 in April of 2023 from 55.3 in the previous month, the Canadian Federaion of Independent Business said in its report.

The Canadian market ended weak on Wednesday, losing for the third consecutive day, as concerns about interest rate hikes and a potential recession in the U.S. offset some stronger than expected earnings from U.S. tech majors.

The benchmark S&P/TSX Composite Index ended with a loss of 73.15 points or 0.36% at 20,366.72, after scaling a low of 20,324.48 and a high of 20,501.53 intraday.

Asian stocks ended higher on Thursday as a string of strong tech earnings offset lingering concerns about the U.S. banking sector.

European stocks are exhibiting a mixed trend with investors digesting a slew of earnings results and looking ahead to the release of U.S. GDP data due later in the day for direction.

In commodities, West Texas Intermediate Crude oil futures are up $0.30 or 0.4% at $74.60 a barrel.

Gold futures are gaining $9.80 or 0.5% at $2,005.80 an ounce, while Silver futures are up $0.179 or 0.72% at $25.055 an ounce.

Singapore Stock Market Poised To Open Under Water On Tuesday

The Singapore stock market has tracked lower in back-to-back sessions, sinking almost 20 points or 0.5 percent along the way. The Straits Time Index now sits just beneath the 3,900-point plateau and the losses may accelerate on Tuesday. The global forecast for the Asian markets is broadly negative on recession fears and concerns over the health of the world economy. The European and U.S. markets finished sharply lower and the Asian bourses are expected to open under pressure as well. The STI finished modestly lower on Monday following losses among the financial shares, property stocks and industrial issues. For the day, the index fell 15.41 points or 0.39 percent to finish at the daily low of 3,899.07 after peaking at 3,922.66. Among the actives, CapitaLand Investment sank 0.77 percent, while City Developments declined 1.19 percent, Comfort DelGro shed 0.68 percent, DBS Group eased 0.28 percent, Frasers Logistics & Commercial Trust spiked 1.79 percent, Genting Singapore rallied 1.41 percent, Hongkong Land stumbled 1.79 percent, Keppel DC REIT added 0.49 percent, Keppel Ltd slid 0.44 percent, Mapletree Industrial Trust advanced 1.00 percent, Mapletree Logistics Trust skidded 0.80 percent, Oversea-Chinese Banking Corporation lost 0.64 percent, Seatrium Limited jumped 1.43 percent, SembCorp Industries retreated 1.27 percent, Singapore Technologies Engineering slumped 1.14 percent, SingTel tumbled 1.75 percent, UOL Group climbed 1.38 percent, Venture Corporation rose 0.24 percent, Wilmar International fell 0.61 percent, Yangzijiang Financial dropped 0.78 percent, Yangzijiang Shipbuilding dipped 0.42 percent and Thai Beverage, Mapletree Pan Asia Commercial Trust, DFI Retail, Frasers Centrepoint Trust, CapitaLand Integrated Commercial Trust, Emperador and SATS were unchanged.

RTTNews | 4h 8phút trước

Losing Streak May Continue For Malaysia Stock Market

The Malaysia stock market has tracked lower in three straight sessions, slumping almost 30 points or 2 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,535-point plateau and it may take further damage again on Tuesday. The global forecast for the Asian markets is broadly negative on recession fears and concerns over the health of the world economy. The European and U.S. markets finished sharply lower and the Asian bourses are expected to open under pressure as well.

RTTNews | 4h 38phút trước

Japan Stock Market Tipped To Open In The Red

The Japanese stock market rebounded on Monday, one session after snapping the two-day winning streak in which it had rallied more than 370 points or 1 percent. The Nikkei 225 now rests just shy of the 37,030-point plateau although it figures to head south again on Tuesday. The global forecast for the Asian markets is broadly negative on recession fears and concerns over the health of the world economy. The European and U.S. markets finished sharply lower and the Asian bourses are expected to open under pressure as well. The Nikkei finished modestly higher on Monday following gains from the automobile producers, weakness from the technology stocks and a mixed picture from the financial shares. For the day, the index added 141.10 points or 0.38 percent to finish at 37,028.27 after trading between 36,705.02 and 37,113.48. Among the actives, Nissan Motor retreated 1.46 percent, while Mazda Motor added 0.68 percent, Toyota Motor advanced 0.93 percent, Honda Motor accelerated 0.91 percent, Softbank Group strengthened 1.43 percent, Mitsubishi UFJ Financial eased 0.13 percent, Mizuho Financial declined 1.53 percent, Sumitomo Mitsui Financial skidded 1.17 percent, Mitsubishi Electric tumbled 1.60 percent, Sony Group tanked 3.11 percent, Panasonic Holdings slumped 1.57 percent and Hitachi surrendered 2.81 percent.

RTTNews | 4h 53phút trước

Renewed Consolidation Called For South Korea Shares

The South Korea stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had advanced almost 50 points or 2 percent. The KOSPI now sits just above the 2,570-point plateau although it's likely to hand back those gains on Tuesday. The global forecast for the Asian markets is broadly negative on recession fears and concerns over the health of the world economy. The European and U.S. markets finished sharply lower and the Asian bourses are expected to open under pressure as well.

RTTNews | 5h 8phút trước

Dollar Turns In Mixed Performance Against Major Counterparts

The U.S. dollar turned in a mixed performance against its major counterparts on Monday as traders weighed the likely impact of President Donald Trump's tariffs and trade policies, and the most recent economic data.

RTTNews | 5h 50phút trước

Japan GDP Data Due On Tuesday

Japan will on Tuesday release Q4 figures for gross domestic product, highlighting a modest day for Asia-Pacific economic activity.

RTTNews | 6h 8phút trước

TSX Ends At 4-month Low

Canadian stocks closed sharply lower on Monday and the benchmark S&P/TSX Composite Index tumbled to a four-month low, as worries about global economic growth amid U.S. President Donald Trump's tariff moves weighed on the market.

RTTNews | 6h 19phút trước

U.S. Stocks Close Sharply Lower On Growth Worries; Nasdaq Tumbles 4 Percent

U.S. stocks tumbled on Monday and the major averages all closed sharply lower, with the tech-laden Nasdaq recording a more pronounced losses. Uncertainty about President Donald Trump's tariff moves, fears of a recession in the world's largest economy, and weak global growth outlook weighed on investor sentiment.

RTTNews | 7h 23phút trước

EURUSD	1.08475	GBPUSD	1.28856	AUDUSD	0.62798
USDJPY	146.788	USDCAD	1.44241	USDCHF	0.87914

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Bay Street Likely To Open On Positive Note