TSX Ends Slightly Weak

RTTNews | il y a 468

(RTTNews) - After staying positive till around mid-morning, Canadian stocks turned weak and spent the rest of the day's session in negative territory on Tuesday with investors looking for directional clues.

The U.S. producer price inflation data that showed a bigger than expected increase in producer prices in April, raised concerns the Federal Reserve will likely hold interest rates higher for a longer period.

The benchmark S&P/TSX Composite Index ended lower by 15.83 points or 0.07% at 22,243.34. The index, which advanced to 22,309.03 at the start, touched a low of 22,182.88 in the session.

Hudbay Minerals (HBM.TO) soared 14.1%. The company reported net earnings $18.5 million for the first quarter, compared to net earnings of$33.5 million in the fourth quarter of 2023.

Tucows Inc (TC.TO) zoomed 13%, while First Quantum Minerals (FM.TO) and Evertz Technologies (ET.TO) climbed 8.7% and 8.6%, respectively.

Docebo Inc (DCBO.TO), Ag Growth Corporation (AFN.TO), Celestica Inc (CLS.TO), Teck Resources (TECK.A.TO), Cameco Corporation (CCO.TO), BRP Inc (DOO.TO), Stella-Jones (SJ.TO) and Kinaxis Inc (KXS.TO) gained 1 to 3%.

GFL Environmental Inc (GFL.TO) ended down 3.6%. MTY Food Group (MTY.TO) ended lower by 2.6%. Descartes Systems (DSG.TO), Molson Coors Canada Inc (TPX.B.TO), Constellation Software (CSU.TO), RB Global Inc (RBA.TO), goeasy (GSY.TO) and Canadian Pacific Kansas City (CP.TO) lost 1 to 2%.

On the economic front, data from Statistics Canada showed car registrations in Canada increased to 172,104 Units in March from 136622 Units in February.

Another report from Statistics Canada showed wholesale sales in Canada fell by 1.1% month-over-month in March, slightly less than initial estimates of a 1.3% drop.

European Shares Poised For Weak Start As Fed Rate Cut Hopes Fade

European stocks may drift lower on Tuesday as investors fret about Fed independence and await Nvidia earnings due Wednesday for guidance and signs the AI market remains robust.

RTTNews | il y a 27 minutes

Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.

RTTNews | il y a 1h 17min

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | il y a 2h 30min

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | il y a 2h 51min

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | il y a 3h 22min

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | il y a 4h 2min

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | il y a 4h 29min

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to 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 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | il y a 4h 32min

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