TSX Ends Modestly Higher

RTTNews | Před 774 dny

(RTTNews) - After three successive days of losses, the Canadian market rebounded on Thursday, and despite giving up substantial portion of intraday gains, ended the day's session on a positive note.

A rebound in commodity prices triggered strong buying in energy and materials shares. Consumer staples, communications, financials and utilities shares found some support. Healthcare and technology stocks ended weak.

Warning from a senior Bank of Canada official that interest rates are likely to remain elevated, and Federal Reserve Chair's remarks that the Fed will not hesitate to tighten policy again if it becomes appropriate, weighed on sentiment and pushed the market down from higher levels.

The benchmark S&P/TSX Composite Index, which surged to 19,791.12, gaining more than 260 points in the process, ended the day with a gain of 57.20 points or 0.29% at 19,587.41.

Investors continued to digest quarterly earnings updates.

Rogers Communications Inc. (RCI.A.TO) shares gained nearly 7% after the company reported adjusted net income of C$ 679 million for the quarter ended September 30, 2023, compared with C$ 436 million in the corresponding quarter last year.

Canadian Tire Corporation Ltd. (CTC.TO) ended flat. The company reported third-quarter net loss of $27.8 million as against net income of $225 million in the year-ago quarter.

Quebecor Inc (QBR.A.TO) climbed 3.1%. The company reported third-quarter net income of $209.1 million, compared to $178.4 million a year ago.

Endeavour Mining Plc (EDV.TO) reported net earnings of $60 million, or $0.24 per share, for the third quarter of the current financial year, compared to $86 million, or $0.34 per share in the third quarter of the previous year. The stock gained about 0.75%.

Cascades Inc (CAS.TO) shares gained more than 4% after the company reported a net income of $34 million for the third quarter of this financial year, as against a net loss of $2 million in the year-ago quarter.

AutoCanada Inc (ACQ.TO) shares plunged nearly 23% after the company reported third-quarter net income of $22.8 million, compared to $32.9 million in the prior year.

Bombardier Inc (BBD.B.TO), Linamar Corporation (LNR.TO), ATS Corporation (ATS.TO) and Shopify Inc (SHOP.TO) ended lower by 3.6 to 5.4%.

Stelco Holdings (STLC.TO) surged 12.5%. Russel Metals (RUS.TO) gained about 6.5%. Cameco Corporation (CCO.TO), Docebo Inc (DCBO.TO), Suncor Energy (SU.TO), Goeasy (GSY.TO), Nutrien (NTR.TO), Canadian Natural Resources (CNQ.TO) and Thomson Reuters (TRI.TO) also ended sharply higher.

European Economic News Preview: German Import Price Data Due

Import prices from Germany and revised GDP data from Spain are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to issue Germany's import price data. Economists expect import prices to grow 0.2 percent month-on-month in November, the same rate as in October. In the meantime, producer price figures are due from Sweden.

RTTNews | Před 1 h 11 min

Cautious Optimism Expected In European Markets

Stock markets in Europe are expected to trade on a cautiously optimistic note on Tuesday amidst rising geopolitical tensions, Fed rate cut hopes, thin holiday trade as well as mixed reactions to tech valuations.

RTTNews | Před 1 h 50 min

RBA Minutes: Policymakers Discussed Rate Hike Scenario

Policymakers of the Reserve Bank of Australia discussed scenarios in which policy tightening may need to be considered, the minutes of the meeting held on December 8 and 9 showed Tuesday. Members became less confident that monetary policy remains restrictive, the minutes showed. Policymakers assessed that inflationary pressures could be a little more persistent than had been previously estimated

RTTNews | Před 1 h 54 min

Australian Market Sharply Extends Early Gains In Mid-market

The Australian stock market is sharply expending the early gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,750 level, with gains across most sectors led by financial and technology stocks.

RTTNews | Před 4 h 20 min

Indian Shares Look Headed For Another Positive Start

It's likely to be a firm start for Indian shares on Tuesday with investors set to track positive cues from Wall Street and Asian markets. A drop in oil prices is also likely to aid sentiment.

RTTNews | Před 4 h 29 min

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as the markets extend their gains boosted continued strength among technology stocks. Major currencies in the region also strengthened against the US dollar. Asian markets closed mostly higher on Monday.

RTTNews | Před 4 h 33 min

Canadian Dollar Rises Against U.S. Dollar

The Canadian dollar advanced against the U.S. dollar in the New York session on Monday.

RTTNews | Před 5 h 54 min

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | Před 6 h 30 min

EURUSD	1.17734	GBPUSD	1.34866	AUDUSD	0.66684
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