Canadian Market Remains Weak As Trade Tensions Weigh

RTTNews | Před 63 dny
Canadian Market Remains Weak As Trade Tensions Weigh

(RTTNews) - The Canadian market is down in negative territory on Wednesday, weighed down by losses in utilities, real estate, healthcare and financials stocks.

Materials stocks are turning in a fine performance thanks to higher metal prices.

The mood is cautious amid escalating trade tensions following Trump's new tariffs, including a 104% total levy on Chinese imports taking effect, and China retaliating by announcing it will increase its tariffs on U.S. goods to 84% from 34% just after midnight on Thursday.

Members of the European Union have also voted in favor of the European Commission's proposal to introduce trade countermeasures against the U.S. in response to tariffs on imports of steel and aluminum from the EU.

The benchmark S&P/TSX Composite Index was down 170.87 points or 0.76% at 22,336.03 a little past noon.

Bausch Health Companies is down 7.4%. Allied Properties, Capstone Mining, Kelt Exploration, Birchcliff Energy, Riocan REIT, NuVista Energy, Keyera Corp, Ero Copper, Enbridge, Power Corporation of Canada and Fortis are down 3 to 5.4%.

Canadian Utilities, First Quantum Minerals, Atco, Shopify Inc., Bank of Montreal, Emerca Incorporated, Cogeco Communications, Pet Valu Holdings, EQB Inc., and Arc Resources are also notably lower.

Iamgold Corporation is rising 7.7%. Eldorado Gold, Alamos Gold, Kinross Gold, Lundin Gold, First Majestic Silver, Pan American Silver Corp., Orla Mining, B2Gold Corp., Agnico Eagle Mines, Barrick Gold Corporation, SSR Mining, Torex Gold Resources, Lightspeed Commerce and Parex Resources are up 3 to 6%.

read more
New Zealand Card Retail Sales Data Due On Thursday

New Zealand Card Retail Sales Data Due On Thursday

New Zealand will on Thursday release May figures for electronic card retail sales, highlighting a light day for Asia-Pacific economic activity. In April, sales were flat on month and down 0.3 percent on year.
RTTNews | Před 47 minutami
Swiss Market Fails To Hold Early Gains, Settle Modestly Lower

Swiss Market Fails To Hold Early Gains, Settle Modestly Lower

The Switzerland market ended modestly lower on Wednesday despite spending much of the day's trading session in positive territory. Although the market gained some ground in positive territory, reacting to news about U.S. and Chinese officials reaching a framework to implement the Geneva consensus following two days of discussions in London, the mood turned cautious later on in the session.
RTTNews | Před 4 h 41 min
European Stocks Pare Early Gains, Close Mostly Lower

European Stocks Pare Early Gains, Close Mostly Lower

Despite U.S. and Chinese officials announcing an agreement in principle on a framework to ease trade disputes, European stocks failed to hold early gains and closed mostly lower on Wednesday, with the mood turning cautious as the plan is subject to approval by the presidents of the two nations.
RTTNews | Před 5 h 1 min
ECB Indicator Shows Eurozone Wage Growth To Slow Sharply To 3.1% This Year

ECB Indicator Shows Eurozone Wage Growth To Slow Sharply To 3.1% This Year

A measure, based on the collective bargaining agreements in the euro area, suggested that negotiated wage growth is set to ease significantly this year, the European Central Bank said on Wednesday, which adds to expectations of inflation staying near the 2 percent target.
RTTNews | Před 7 h 57 min
U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.
RTTNews | Před 9 h 8 min
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

It's likely to be a mixed start for Canadian shares on Wednesday with investors reacting to the crucial U.S. consumer price inflation data, and the developments on the trade front where U.S. and Chinese official reached a framework to implement the Geneva consensus following two days of discussions in London.
RTTNews | Před 9 h 56 min