TSX Rises 0.8%, Ends At 1-month High

RTTNews | vor 1027 Tagen

(RTTNews) - The Canadian market ended on a strong note on Friday, led by gains in healthcare, technology and materials shares.

Several stocks from consumer discretionary, industrials, real estate, financials and communications sectors also posted impressive gains.

The mood in the market remained quite positive right through the day's session amid hopes the central banks will slow the pace of interest rate hikes. Optimism about Chinese economy helped as well.

The benchmark S&P/TSX Composite Index ended with a gain of 161.77 points or 0.8% at 20,503.21, a new one-month closing high.

The Health Care Capped Index climbed nearly 2.5%. Bellus Health Inc (BLU.TO) and Bausch Health Companies (BHC.TO) gained about 4.4% and 4%, respectively. Tilray Inc (TLRY.TO) climbed 2.3%, while Cronos Group (CRON.TO) and Canopy Growth Corp (WEED.TO) both gained about 1.8%.

The Information Technology Capped Index gained 2.4%. Hut 8 Mining Corp (HUT.TO) and Magnet Forensics (MAGT.TO) soared 14.4% and nearly 14%, respectively. Tecsys Inc (TCS.TO), Shopify Inc (SHOP.TO) and Dye & Durham (DND.TO) gained 5.4 to 6%.

Materials shares Interfor Corp (IFP.TO), Oceanagold (OGC.TO), Algoma Steel Group (ASTL.TO), Wesdome Gold Mines (WDO.TO), Canfor Corp (CFP.TO), Lithium Americas Corp (LAC.TO) and West Fraser Timber (WFG.TO) gained 3 to 6%.

Among gainers from other sectors, Mty Food Group (MTY.TO), Canada Goose Holdings (GOOS.TO), Ballard Power Systems (BLDP.TO), Westshore Terminals (WTE.TO), Goeasy (GSY.TO), Onex Corp (ONEX.TO), CI Financial Corp (CIX.TO), IGM Financial (IGM.TO) and Fairfax Financial Holdings (FFH.TO) advanced 2 to 5%.

In economic news, retail sales in Canada likely rose 0.5% month-over-month in December of 2022, preliminary estimates showed. In November, retail sales dropped 0.1% from a month earlier, after seeing an increase of 1.3% (revised) in October.

Retail sales in Canada increased 5.2% in November of 2022, over the same month in the previous year, the data frm Statistics Canada showed.

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note on Thursday, tracking earnings updates, and commodity prices. The end to the U.S. government shutdown following President Donald Trump signing a short term bill is likely to aid sentiment.

RTTNews | vor 2Std 8 Minuten

European Stocks Pare Early Gains As Markets Digest Earnings, Economic News

European stocks gave up early gains and are broadly lower Thursday afternoon as investors look ahead to some crucial economic data following the longest federal government shutdown in U.S. history coming to an end after President Donald Trump signed a funding package.

RTTNews | vor 2Std 34 Minuten

Disney Q4 Profit Beats Street, Revenues Miss; Sees Adj. EPS Growth, Plans $7 Bln Buyback; Stock Down

Shares of Walt Disney Co. were losing around 4 percent in the pre-market activity on Thursday after the media and entertainment major reported nearly flat revenues in its fourth quarter below market estimates, even though profit beat the Street. Further, the firm said it expects double digit year-over-year growth in adjusted earnings per share for fiscal 2026 and 2027, and targets doubling share

RTTNews | vor 2Std 47 Minuten

FTSE 100 Moderately Lower At Noon As Investors React To Earnings, GDP Data

U.K.'s benchmark FTSE 100 is down in negative territory around noon on Thursday with investors digesting a slew of earnings updates, and data showing a marginal increase in the nation's economic growth in the third quarter.

RTTNews | vor 3Std 28 Minuten

UK Economy Logs Marginal Growth

The UK economy logged only a marginal growth in third quarter as the cyber attack on Jaguar Land Rover hit production, official data revealed on Thursday. Gross domestic product grew 0.1 percent sequentially, following the prior quarter's 0.3 percent expansion, the Office for National Statistics reported Thursday. Output was expected to advance 0.2 percent.

RTTNews | vor 3Std 30 Minuten

CAC 40 Rises 0.5%; Bank, Luxury Stocks Shine

France's CAC 40 rose to a record high Thursday morning as stocks climbed higher, reacting to U.S. President Donald Trump signing a bill to end the longest government shutdown in history. Expectations of an interest rate cut by the Federal Reserve next month contribute as well to market's positive move.

RTTNews | vor 4Std 13 Minuten

DAX Retreats After Positive Start, Down Nearly 0.5%

German stocks are swinging between gains and losses in cautious trade on Thursday with investors digesting the news about U.S. President Donald Trump signing the short-term funding bill that brings an end to the government shutdown, and looking ahead to some key U.S. economic data.

RTTNews | vor 4Std 34 Minuten

Eurozone Industrial Production Rises Less Than Forecast

Eurozone industrial production recovered at a moderate pace in September largely driven by the rebound in energy output, official data showed on Thursday. Industrial production grew at a slower-than-expected pace of 0.2 percent in September from August, Eurostat revealed. Output was forecast to grow 0.7 percent, reversing a 1.1 percent fall in August.

RTTNews | vor 4Std 44 Minuten

EURUSD	1.16257	GBPUSD	1.31697	AUDUSD	0.65456
USDJPY	154.483	USDCAD	1.40069	USDCHF	0.7949