TSX Ends Higher For 3rd Straight Day

RTTNews | vor 776 Tagen

(RTTNews) - The Canadian market ended on a strong note on Thursday, rising for a third straight session, thanks to sustained buying at several counters from across various sectors.

Concerns about interest rates have eased after data on Wednesday showed U.S. inflation softened in the month of June. Today, the Labor Department's report showed producer prices in the U.S. inched up by slightly less than expected in the month of June, with the index rising by 0.1%. Economists expected producer prices to rise by 0.3%.

Hopes of additional stimulus in China to boost growth in the world's second largest economy contributed as well to the positive mood in the market.

The benchmark S&P/TSX Composite Index ended with a gain of 206.87 points or 1.03% at 20,277.64.

Technology stocks posted impressive gains. The Information Technology Capped Index climbed 3.07%. Hut 8 Mining Corp (HUT.TO) soared 18% and Bitfarms Ltd (BITF.TO) rallied nearly 12%.

Shopify Inc (SHOP.TO) and Docebo Inc (DCBO.TO) gained 6.2% and 3.2%, respectively. Lightspeed Commerce (LSPD.TO), Constellation Software (CSU.TO), Converge Technology Solutions (CTS.TO), Celestica Inc (CLS.TO), Softchoice Corp (SFTC.TO) and Open Text Corp (OTEX.TO) advanced 2 to 3%. CGI Inc (GIB.A.TO) also ended notably higher.

Among financials shares, Nuvei Corp (NVEI.TO) climbed 5.3%. Canadian Imperial Bank of Commerce (CM.TO), Toronto-Dominion Bank (TD.TO), Bank of Nova Scotia (BNS.TO), Manulife Financial (MFC.TO), Goeasy (GSY.TO) and Royal Bank of Canada (RY.TO) gained 1 to 2%.

Utilities shares Algonquin Power and Utilities (AQN.TO), Innergex Renewable Energy (INE.TO), Altagas (ALA.TO), Hydro One (H.TO), Transalta Corp (TA.TO) and Emera Inc (EMA.TO) gained 1 to 3%.

Corus Entertainment Inc. (CJR.B.TO) shares soared nearly 20% after the company said its subsidiary, Nelvana Limited, has entered into a definitive agreement under which Integrated Media Company, a TPG platform, will acquire Nelvana's subsidiary, Toon Boom Animation Inc. for approximately C$147.5 million in cash.

Canadian Tire Corporation (CTC.TO) climbed nearly 8%. Precision Drilling Corporation (PD.TO) and Nutrien (NTR.TO) also ended sharply higher.

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | vor 16 Minuten

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.

RTTNews | vor 31 Minuten

Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect

Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.

RTTNews | vor 1Std 2 Minuten

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.

RTTNews | vor 1Std 13 Minuten

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.

RTTNews | vor 1Std 22 Minuten

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.

RTTNews | vor 1Std 30 Minuten

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | vor 1Std 38 Minuten

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,935-point plateau and it may add to its winnings on Thursday.

RTTNews | vor 2Std 0 Minuten

EURUSD	1.16472	GBPUSD	1.35134	AUDUSD	0.65177
USDJPY	147.222	USDCAD	1.37736	USDCHF	0.80133