Stock indicators in Canada could potentially see a modest increase

The global financial landscape showed a mixed picture on Thursday, with some markets ending higher while others experienced losses.

In the real estate sector, the National Association of Realtors' Pending Home Sales Index for July is set to be revealed at 10.00 am ET. This comes after the prior month's index showed a decrease of 0.8 percent. However, the consensus for the current month's index is an improvement of 0.2 percent.

The U.S. housing market isn't the only sector making headlines. Gold futures are gaining 14.9, currently trading at 3,463.4, while silver futures are up 0.488 at 39.69. These increases suggest a positive outlook for the precious metals market.

The stock market also saw a significant shift. The benchmark Shanghai Composite index climbed 1.14 percent to 3,843.60, indicating a strong performance for Chinese markets. Similarly, Asian stocks ended mostly higher on Thursday, with the Nikkei average recovering from losses to close 0.73 percent higher at 42,828.79. Japanese markets advanced, signaling a positive trend for the region.

However, not all markets were on an upward trajectory. European shares are trading slightly positive, but Hong Kong's Hang Seng index dropped 0.81 percent to 24,998.82. The Euro Stoxx 50 is up 0.27 percent, but the broader Topix index ended up 0.65 percent at 3,089.78, suggesting a more stable European market.

The TSX Composite Index closed at 28,433.00 on Wednesday, up by 93.12 points or 0.33 percent. Canadian stocks might open slightly positive on Thursday, according to predictions.

Commodities are slightly down, but the U.S. dollar weakened against other major currencies on Thursday. This could potentially impact the prices of various commodities in the coming days.

On the economic policy front, the U.S. Fed is expected to cut interest rates at their next meeting in September. This decision could have significant implications for global financial markets.

In Canada, Canada's current account data for the second quarter will be released on Thursday. This data will provide insights into the country's trade balance and overall economic health.

In conclusion, the global markets are showing a mixed picture, with some sectors experiencing growth while others face challenges. Keep an eye on these trends as they continue to unfold.