TSX Recovers After Weak Start, Ends Flat

RTTNews | vor 1021 Tagen

(RTTNews) - After a weak start and a subsequent fall to lower levels, the Canadian market gradually pared its losses as the session progressed on Tuesday and briefly emerged into positive territory around late afternoon before finally settling flat.

The mood remained cautious with investors awaiting the Bank of Canada's interest rate decision on Wednesday.

The benchmark S&P/TSX Composite Index, which dropped to 20,502.36, settled at 20,629.55, down 2.03 points from the previous close.

Shares from communications, materials and consumer staples sectors were among the prominent gainers. Technology and energy stocks closed weak.

Interfor Corporation (IFP.TO) surged 7%. West Fraser Timber (WFG.TO) climbed 4.8% and Rogers Communications (RCI.A.TO) gained 4.6%.

Dollarama (DOL.TO), Toromont Industries (TIH.TO), Fairfax Financial Holdings (FFH.TO), WSP Global (WSP.TO), Franco-Nevada Corporation (FNV.TO), Agnico Eagle Mines (AEM.TO) and George Weston (WN.TO) gained 1 to 2.3%.

Metro Inc. (MRU.TO) gained about 1.6%. The company reported first-quarter net earnings of $231 .1 million, up 11.3%, and adjusted net earnings of $237 .6 million, up 10.9%, over the year-ago quarter.

Magna International (MG.TO) tumbled 7.2%. Magna International Inc said sales were around $37.8 billion in fiscal 2022, compared with $36.242 billion in the previous year. In its November outlook, the company had expected to post sales of $37.4 billion to $38.4 billion, for the fiscal.

Softchoice Corporation (SFTC.TO), Ritchie Bros. Auctioneers (RBA.TO), Shopify Inc (SHOP.TO), Nuvei Corporation (NVEI.TO), Tourmaline Oil Corporation (TOU.TO), Precision Drilling Corporation (PD.TO), Cogeco (CGO.TO) and Linamar Corporation (LNR.TO) lost 1.4 to 5.2%.

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders react to further progress made towards ending the US government shutdown, with the US Senate commencing a series of votes on a package to reopen the government and end the longest shutdown on record. Asian markets closed mostly higher on Monday.

RTTNews | vor 1Std 13 Minuten

Sensex, Nifty Seen Opening Higher On Trade Deal Hopes

Indian shares look set to open on a positive note Tuesday after U.S. President Donald Trump indicated he would reduce the tariff rate on Indian goods "at some point," and that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | vor 1Std 46 Minuten

Thai Shares Expected To Open To The Upside On Tuesday

The Thai stock market has moved higher in two of three trading days since the end of the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,305-point plateau and it's called higher again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | vor 2Std 17 Minuten

Rebound Tipped For Indonesia Stock Market

The Indonesia stock market on Monday snapped the three-day winning streak in which it had gained almost 160 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,390-point plateau although it's expected to see renewed support on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The JCI finished slightly lower on Monday as losses from the financials and telecoms were mitigated by support from the resource stocks and a mixed picture from the cement companies. For the day, the index eased 3.35 points or 0.04 percent to finish at the daily low of 8,391.24 after peaking at 8,478.15. Among the actives, Bank CIMB Niaga shed 0.57 percent, while Bank Mandiri fell 0.42 percent, Bank Danamon Indonesia collected 0.40 percent, Bank Negara Indonesia tumbled 1.78 percent, Bank Central Asia skidded 1.15 percent, Bank Rakyat Indonesia slumped 1.26 percent, Indosat Ooredoo Hutchison plunged 3.72 percent, Indocement improved 0.78 percent, Semen Indonesia plummeted 4.17 percent, Indofood Sukses Makmur slipped 0.35 percent, United Tractors rallied 1.36 percent, Energi Mega Persada surged 4.60 percent, Astra Agro Lestari dropped 0.96 percent, Aneka Tambang rose 0.34 percent, Vale Indonesia eased 0.22 percent, Timah soared 6.85 percent, Bumi Resources spiked 6.38 percent and Astra International was unchanged. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | vor 2Std 47 Minuten

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 51,350 level, with gains in index heavyweights, financial and technology and stocks.

RTTNews | vor 3Std 1 Minuten

Higher Open Predicted For Hong Kong Stock Market

The Hong Kong stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped more than 220 points or 0.8 percent. The Hang Seng Index now rests just beneath the 26,650-point plateau and it's expected to open to the upside again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | vor 3Std 2 Minuten

Additional Support Likely For China Stock Market

The China stock market bounced higher again on Monday, one session after halting the two-day winning streak in which it had advanced more than 45 points or 1.1 percent. The Shanghai Composite Index now sits just beneath the 4,020-point plateau The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The SCI finished modestly higher on Monday following gains from the financial shares, property stocks and resource companies. For the day, the index gained 21.04 points or 0.53 percent to finish at 4,018.60 after trading between 3,990.84 and 4,018.70. The Shenzhen Composite Index added 10.15 points or 0.40 percent to end at 2,529.44. Among the actives, Industrial and Commercial Bank of China advanced 0.87 percent, while Bank of China rose 0.35 percent, Agricultural Bank of China rallied 2.12 percent, China Merchants Bank added 0.49 percent, Bank of Communications collected 0.82 percent, China Life Insurance jumped 1.95 percent, Jiangxi Copper improved 0.95 percent, Aluminum Corp of China (Chalco) soared 3.26 percent, Yankuang Energy vaulted 1.88 percent, PetroChina strengthened 1.65 percent, China Petroleum and Chemical (Sinopec) fell 0.27 percent, Huaneng Power perked 0.24 percent, China Shenhua Energy gained 0.94 percent, Gemdale spiked 2.33 percent, Poly Developments increased 1.25 percent and China Vanke climbed 1.29 percent.

RTTNews | vor 3Std 17 Minuten

Taiwan Bourse Expected To Open In The Green On Tuesday

The Taiwan stock market has moved higher in two of three trading days since the end of the two-day losing streak in which it had given up more than 640 points or 2.3 percent. The Taiwan Stock Exchange now sits just beneath the 27,870-point plateau and it's likely to extend its gains on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | vor 3Std 47 Minuten

EURUSD	1.15552	GBPUSD	1.31652	AUDUSD	0.65289
USDJPY	154.293	USDCAD	1.40325	USDCHF	0.80505