TSX Extends Gains To 4th Straight Session, Rises More Than 1%

RTTNews | Před 978 dny

(RTTNews) - Canadian stocks ended on a bright note on Monday, extending gains to a fourth straight session, as optimism about a slowdown in U.S. inflation triggered some strong buying in the market.

Firm crude oil prices contributed as well to market's fairly impressive uptick.

The benchmark S&P/TSX Composite Index ended with a gain of 213.89 points or 1.08% at 19,987.23. The index climbed to a high of 20,032.60, rising about 20,000 mark for the first time in about two weeks.

The Energy Capped Index surged nearly 2%. Topaz Energy (TPZ.TO) topped the list of gainer, rising 6.3%. Paramount Resourcces (POU.TO), Freehold Royalties (FRU.TO), Nuvista Energy (NVA.TO) and Tourmaline Oil Corp (TOU.TO) gained 3 to 5%.

Consumer discretionary stocks Aritzia (ATZ.TO), Gildan Activewear (GIL.TO), Canada Goose Holdings (GOOS.TO), Magna International (MG.TO), BRP Inc (DOO.TO) and Mty Food Group (MTY.TO) gained 2 to 5%.

Canopy Growth Corp (WEED.TO), Aurora Cannabis (ACB.TO), Tilray Inc (TLRY.TO) and Cronos Group (CRON.TO) were among the top gainers in the healthcare section.

In the industrials space, Badger Infrastructure Solutions (BDGI.TO) climbed 3.7%, while Cargojet (CJT.TO) and Brookfield Business Partners (BBU.UN.TO) both gained about 3.2%. Canadian Pacific Railway (CP.TO), Aecon Group (ARE.TO) and Mullen (MTR.TO) also posted sharp gains.

Financials stocks Laurentian Bank (LB.TO) and CI Financial Corp (CIX.TO) gained about 3% and 2.75%, respectively.

Technology stocks Quarterhill (QTRH.TO), Converge Technology Solutions (CTS.TO), Enghouse Systems (ENGH.TO) and Nuvei Corp (NVEI.TO) surged 3 to 4%.

Realty stocks Granite Real Estate Investment Trust (GRT.UN.TO), Dream Industrial (DIR.UN.TO), Allied Properties Real Estate Inv Trust (AP.UN.TO) and Choice Properties (CHP.UN.TO) gained 2.7 to 3.3%.

The U.S. inflation report, due on Tuesday, is expected to show a continued slowdown in the annual rate of consumer price growth to 8.1% in August from 8.5% in July.

U.S. Dollar Higher On Trade Hopes

The U.S. dollar appreciated against its major counterparts in the New York session on Friday, as investors focused on developments on the trade front.

RTTNews | Před 1 dnem

Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

After a positive start and a subsequent rise to higher levels Friday morning, the Switzerland market remained firm despite paring some gains, and ended the day's session on a bright note. Data showing a sharp jump in Swiss industrial production in the first-quarter aided sentiment.

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European Stocks Close Week On Positive Note

European stocks closed higher on Friday thanks to easing trade tensions following the announcement of the U.S.-China deal earlier in the week, and reports that the EU bloc's talks with the U.S. for a reduction in tariffs are making positive progress.

RTTNews | Před 1 dnem

Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian stocks are turning in a mixed performance a little past noon on Friday after recovering from an early setback. Investors appear to be making cautious moves after eight straight days of gains that saw the market climb to a new record high on Thursday.

RTTNews | Před 1 dnem

U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index dipped to 50.8 in May after slumping to 52.2 in April. Economists had expected the index to inch up to 53.4.

RTTNews | Před 1 dnem

U.S. Import, Export Prices Unexpectedly Inch Higher In April

The Labor Department released a report on Friday unexpectedly showing modest increases by both U.S. import and export prices in the month of April. The report said import prices crept up by 0.1 percent in April after falling by a downwardly revised 0.4 percent in March.

RTTNews | Před 1 dnem

U.S. Housing Starts Rebound Less Than Expected In April, Building Permits Pull Back Sharply

While the Commerce Department released a report on Friday showing a rebound by new residential construction in the U.S. in the month of April, the report also showed a substantial pullback by building permits during the month.

RTTNews | Před 1 dnem

Eurozone Trade Surplus Surges On Exports To US

The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.

RTTNews | Před 1 dnem

EURUSD	1.11549	GBPUSD	1.32809	AUDUSD	0.64069
USDJPY	145.873	USDCAD	1.39826	USDCHF	0.83882

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TSX Extends Gains To 4th Straight Session, Rises More Than 1%