Bay Street Seen Opening Higher

Canadian shares may open a bit higher Friday morning on bargain hunting after losses in the previous two sessions. Data from Statistics Canada showed retail sales in Canada decreased 0.2% in March over the previous month. Retail sales in Canada rose by 1.9% from the corresponding period of the previous year in March, up from...

Read More

German GDP Grows 0.2% As Estimated

The German economy expanded as initially estimated in the first quarter and avoided a recession, thanks to the rebound in investment and exports. Gross domestic product expanded 0.2 percent sequentially in the first quarter, in contrast to the 0.5 percent decrease in the preceding three months, Destatis reported Friday. The statistical office confirmed the flash...

Read More

Ferrovial Awarded $1.2 Bln In Construction And Maintenance Contracts In US And Canada

Infrastructure company Ferrovial SE (FRRVY.PK, FRRVF.PK) announced Friday that through its construction subsidiary Webber, it was awarded nine new contracts totaling $1.2 billion for construction and maintenance projects in the U.S. and Canada. The work includes roadway improvements, bridge construction, expansion of water treatment plants, and road maintenance. Ferrovial secured its first contract in Tennessee,...

Read More

Elon Musk Says He Favors No Tariffs On Chinese EVs

Tesla founder and CEO Elon Musk, while speaking at a technology conference in Paris, said that he doesn\'t support President Biden\'s recent announcement of a tariff on imported Chinese-made electric vehicles. At the Viva Technology conference, Musk said, \"Tesla competes quite well in the market in China with no tariffs and no deferential support... I\'m...

Read More

Thai Stock Market Due For Support On Monday

The Thai stock market has moved lower in four straight sessions, slipping almost 20 points or 1.4 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,365-point plateau although it may find traction on Monday. The global forecast for the Asian markets is cautiously optimistic, with technology shares expected to...

Read More

Japanese Market Slightly Higher

The Japanese stock market is trading modestly higher on Monday, reversing the losses in the previous session. The benchmark S&P/ASX 200 is moving above the 38,700 level, following the broadly positive cues from Wall Street cues on Friday, with gains in index heavyweights and technology stocks. The benchmark Nikkei 225 Index is up 74.30 or...

Read More