Bay Street Likely To Open On Positive Note

RTTNews | 580 hari yang lalu

(RTTNews) - Canadian shares are likely to open higher Wednesday morning, tracking positive global cues, and encouraging earnings from National Bank of Canada.

The market is also likely to react positively to news about U.S. and Ukraine agreeing on a minerals deal. U.S. President Donald Trump's $4.5 trillion tax-cut and border security agenda may also lift sentiment. The agenda will be sent to the U.S. Senate after passing the Republican-controlled House of Representatives.

The National Bank of Canada reported first-quarter net income of $997 million, up 8% from $922 million in the first quarter of 2024. First-quarter diluted earnings per share stood at $2.78 compared to $2.59 in the first quarter of 2024.

George Weston Ltd. (WN.TO) reported adjusted net earnings of $415 million for the fourth-quarter of 2024, an increase of $73 million, or 21.3%, compared to earnings in the year-ago quarter.

The Canadian market closed higher on Tuesday as a firm show by Bank of Montreal thanks to encouraging results, and gains in consumer staples and real estate sectors outweighed weakness in energy, materials and technology sectors.

Worries about imminent tariffs by Trump administration limited the market's upside.

The benchmark S&P/TSX Composite Index closed up 52.72 points or 0.21% at 25,203.98, recovering well from an early low of 24,946.06.

Asian markets ended mixed on Wednesday as inflation and trade war fears offset Chinese AI optimism.

Tariff worries prevailed as U.S. President Donald Trump ordered a probe into potential tariffs on copper imports to boost U.S. production of the critical metal.

Treasury yields rebounded but the dollar remained undermined by growth worries. Gold lingered near one-week lows despite rising bets on earlier Fed rate cuts.

European stocks are up firmly in positive territory with investors reacting to earnings updates and news about U.S. and Ukraine agreeing on a minerals deal

In commodities, West Texas Intermediate crude oil futures are down $0.19 or 0.27% at $68.74 a barrel.

Gold futures are gaining $9.70 or 0.33% at $2,928.70 an ounce, while Silver futures are up $0.319 or 1% at $32.145 an ounce.

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Australian Market Sharply Extends Early Gains In Mid-market

The Australian market is sharply extending its early gains in mid-market moves on Wednesday after opening in the red, adding to the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving up to near the 8,800 level, despite the negative cues from Wall Street overnight, with gains in gold miners and energy stocks partially offset by weakness in iron ore miner and financial stocks.

RTTNews | 1 jam 13 menit yang lalu

Asian Markets Trade Mostly Higher

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Indian Shares Likely To Open On Mixed Note

Lower GIFT Nifty and fairly steady Asian markets point to a somewhat mixed start for Indian shares Wednesday morning. Elevated crude oil prices and elusive U.S.-Iran deal to reopen the Strait of Hormuz are likely to weigh on sentiment.

RTTNews | 1 jam 46 menit yang lalu

Soft Start Seen For Thai Stock Market

The Thai stock market has finished lower in back-to-back sessions, slipping more than a dozen points or 0.7 percent along the way. The Stock Exchange of Thailand now sits just above the 1,590-point plateau and it's expected to see continued consolidation on Wednesday.

RTTNews | 2 jam 40 menit yang lalu

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Wednesday, reversing the losses in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving well above the 66,200 level, with gains in index heavyweights, financial and technology stocks.

RTTNews | 3 jam 5 menit yang lalu

Lower Open Called For Indonesia Stock Market

The Indonesia stock market has finished lower in four straight sessions, tumbling more than 250 points or 3.6 percent along the way. The Jakarta Composite Index now sits just above the 6,120-point plateau and it's expected to open under water again on Wednesday.

RTTNews | 3 jam 10 menit yang lalu

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday after opening in the red, extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving well above the 8,700 level, despite the broadly negative cues from Wall Street overnight, with gains in gold miners and energy stocks partially offset by weakness in iron ore miners and financial stocks.

RTTNews | 3 jam 23 menit yang lalu

Hong Kong Stock Market Tipped To Open Under Pressure

The Hong Kong stock market turned lower again on Tuesday, one day after snapping the three-day losing streak in which it had stumbled almost 600 points or 2.5 percent. The Hang Seng Index now sits just above the 24,520-point plateau and it's likely to see continued consolidation again on Wednesday.

RTTNews | 3 jam 25 menit yang lalu

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