TSX Remains Positive Despite Coming Off Early Highs

RTTNews | vor 182 Tagen

(RTTNews) - The Canadian market has pared most of its gains Wednesday afternoon, with investors largely reacting to earnings updates, and monitoring geopolitical developments.

Despite concerns about fresh tariffs, the market is positive as news about U.S. and Ukraine agreeing on a minerals deal is aiding sentiment.

The benchmark S&P/TSX Composite Index, which climbed to 25,441.73 around mid morning, gaining nearly 240 points, was up 93.75 points or 0.37% at 25,297.73 a little while ago.

Communications and energy stocks are weak, while materials and technology stocks are among the prominent gainers.

Aya Gold & Silver is up more than 7%. Celestica is up 5.8%, Maple Leaf Foods is gaining 4% and MAG Silver Corp is climbing up 3.7%.

Stantec is up 6%, continuing to benefit for strong earnings update.

The National Bank of Canada is down more than 5% despite the bank reporting a rise in quarterly net earnings. The stock is down as the bank has set aside larger than expected reserves for bad loans.

The lender reported first-quarter net income of $997 million, up 8% from $922 million in the first quarter of 2024. First-quarter diluted earnings per share stood at $2.78 compared to $2.59 in the first quarter of 2024.

George Weston is rising about 2.3%. George Weston reported adjusted net earnings of $415 million for the fourth-quarter of 2024, an increase of $73 million, or 21.3%, compared to earnings in the year-ago quarter.

Westshore Terminals Investment, Pan American Silver Corp, Telesat Corporation, Cameco Corporation, TerraVest Industries, Parkland Corporation, Wheaton Precious Metals and Lundin Gold are up 2 to 3.7%.

Spin Master Corp (TOY.TO) is down 3.3%. Enerflex, Canada Goose Holdings, BCE Inc, Alimentation Couche-Tard, MDA Space, Finning International, Calian Group and Tourmaline Oil Corp are lower by 1.6 to 3%.

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 1Std 32 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 1Std 47 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 2Std 18 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 2Std 30 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 2Std 38 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 2Std 47 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 2Std 55 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 3Std 17 Minuten

EURUSD	1.16413	GBPUSD	1.35061	AUDUSD	0.65115
USDJPY	147.183	USDCAD	1.37813	USDCHF	0.80152