Bay Street Likely To Open On Positive Note

RTTNews | 34 hari yang lalu

(RTTNews) - The Canadian market likely to open higher on Thursday, with technology stocks set to spearhead the move up north, tracking U.S. tech sector after Nvidia's upbeat earnings updates.

Nvidia's bottom line in the first-quarter totaled $14.88 billion, or $5.98 per share. This compares with $2.04 billion, or $0.82 per share, in last year's first quarter.

Energy stocks may move higher, tracking oil's gains. Weak metal prices may weigh on materials shares and limit market's upside.

In Canadian earnings news, Toronto-Dominion Bank (TD.TO) reported adjusted net income of $3,789 million for the second quarter, compared with $3,707 million in the year-ago quarter.

On the economic front, a report on new housing prices is due at 8:30 AM ET.

The Canadian market ended lower on Wednesday as energy and materials shares reeled under selling pressure as oil and metal prices fell. Concerns about the outlook for interest rates weighed as well on sentiment.

Data showing an unexpected increase in U.S. crude inventories in the week ended May 17th weighed on oil prices, and gold prices fell on concerns the Fed will keep interest rates higher for longer than earlier thought.

The minutes of the Federal Reserve's latest policy meeting showed policymakers expect to maintain interest rates at current levels longer than previously thought.

The benchmark S&P/TSX Composite Index ended with a loss of 121.40 points or 0.54% at 22,346.76. The index, which opened modestly lower at 22,434.12, dropped to a low of 22,283.49 in late afternoon trades.

Asian stocks ended Thursday's session mixed as rate worries lingered and China announced immediate military drills around Taiwan, marking a concerning escalation in the tensions between Taiwan and China, which has long claimed sovereignty over the island.

Hawkish minutes from the Federal Reserve's last policy meeting boosted the dollar, which hovered near a one-week high following its best day this month against major peers.

European stocks are broadly higher Thursday afternoon with investors digesting the minutes of the Federal Reserve's latest policy meeting, and regional economic data.

In commodities, West Texas Intermediate Crude oil futures are up $0.57 or 0.73% at $78.14 a barrel.

Gold futures are down $23.00 or 0.96% at $2,369.90 an ounce, while Silver futures are lower by $0.616 or 1.96% at $30.880 an ounce.

Sensex, Nifty Little Changed In Early Trade; IT Stocks Underperform

Indian shares were little changed on Thursday, tracking weak cues from other Asian markets and ahead of the expiry of monthly derivative contracts.

RTTNews | 4j 45min yang lalu

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Thursday, despite the broadly positive cues from Wall Street overnight, amid much uncertainty about the interest-rate outlook, while traders braced for the release of key U.S. inflation reading, due later in the week for directional cues. Shares of energy firms struggled a bit due to sluggish oil prices.

RTTNews | 5j 40min yang lalu

Sensex, Nifty Set To Drift Lower On Weak Asian Cues

Indian shares are likely to open on a sluggish note Thursday as government bond yields edged lower globally, and U.S. chipmaker Micron Technology offered soft revenue guidance after reporting third-quarter profit that missed analysts' estimates.

RTTNews | 6j 47min yang lalu

Japanese Market Significantly Lower

Giving up some of the gains in the previous three sessions, the Japanese market is significantly lower on Thursday, despite the positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 39,300 level, with weakness across most sectors led by index heavyweights and technology stocks. Traders react to the sharp depreciation in the yen that has now tumbled to a 38-year low.

RTTNews | 7j 7min yang lalu

Thai Stock Market Due For Consolidation On Thursday

The Thai stock market has moved higher in four straight sessions, gathering more than 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,320-point plateau although it's likely to run out of steam on Thursday.

RTTNews | 7j 16min yang lalu

Indonesia Bourse Expected To Remain Rangebound

The Indonesia stock market bounced higher again on Wednesday, one day after ending the three-day winning streak in which it had picked up more than 160 points or 2.6 percent. The Jakarta Composite Index now rests just above the 6,905-point plateau although it may head south again on Thursday.

RTTNews | 7j 46min yang lalu

Australian Market Sharply Lower

The Australian market is sharply lower on Thursday, adding to the losses in in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 7,700 level, as traders react to hot inflation data that stoked fears the Reserve Bank of Australia could raise interest rates again as early as next month.

RTTNews | 7j 48min yang lalu

Hong Kong Stock Market May Add To Its Winnings On Thursday

The Hong Kong stock market has moved higher in two straight sessions, advancing more than 60 points or 0.3 percent along the way. The Hang Seng Index now rests just beneath the 18,090-point plateau and it may move higher again on Thursday.

RTTNews | 8j 1min yang lalu

EURUSD	1.0693	GBPUSD	1.26337	AUDUSD	0.6661
USDJPY	160.383	USDCAD	1.36945	USDCHF	0.8965