TSX Recovers From Early Lows, Ends Just Marginally Down

RTTNews | vor 572 Tagen

(RTTNews) - After a sharp drop and a subsequent modest recovery Friday morning, the Canadian market faltered again, but slowly edged higher to eventually end the day's session just marginally down.

The market lost ground as data showing a bigger than expected addition in U.S. non-farmroll employment in the month of January dashed hopes of an early rate cut from the Federal Reserve.

However, the U.S. market ended on a strong note as traders cheered the buoyant jobs data and a report showing an improvement in consumer sentiment.

Energy stocks tumbled on concerns about the outlook for oil demand from the world's second largest economy, and potential impact of higher interest rates on U.S. economic growth. Gold stocks declined on stronger dollar.

The benchmark S&P/TSX Composite Index, which fell to a low of 20,943.08 earlier in the day, losing more than 160 points in the process, ended the session at 21,085.09 with a loss of 34.12 points or 0.16%. The index gained about 0.3% in the week.

Paramount Resources (POU.TO), Agnico Eagle Mines (AEM.TO), Canadian Natural Resources (CNQ.TO), Tourmaline Oil Corp (TOU.TO) and Brookfield Renewable Corporation (BEPC.TO) lost 3 to 4.2%.

Newmont Corporation (NGT.TO), BCE Inc (BCE.TO), Franco-Nevada Corporation (FNV.TO), Cameco Corporation (CCO.TO), Cogeco Communications (CCA.TO), West Fraser Timber (WFG.TO) and Colliers International (CIGI.TO) ended lower by 1.3 to 3%.

Shopify Inc (SHOP.TO) climbed 8.7%. Aritzia Inc (ATZ.TO) gained 6.5%. goeasy (GSY.TO) rallied 2.75%. TFI International (TFII.TO) advanced 2.3%. Canadian Tire Corporation (CTC.A.TO), CGI Inc (GIB.A.TO) and Constellation Software (CSU.TO) ended higher by 1.1 to 1.4%.

The Labor Department's data today showed non-farm payroll employment spiked by 353,000 jobs in January compared to economist estimates for an increase of about 180,000 jobs.

The Labor Department also said the unemployment rate in January came in unchanged from the previous month at 3.7%. Economists had expected the unemployment rate to inch up to 3.8%.

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 19 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 34 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 4 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 16 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 24 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 33 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 41 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 3 Minuten

EURUSD	1.16481	GBPUSD	1.35145	AUDUSD	0.65192
USDJPY	147.17	USDCAD	1.37719	USDCHF	0.80112