Canadian Market Modestly Lower At Noon; Energy Stocks Fall

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(RTTNews) - The Canadian market is down in negative territory a little past noon on Thursday with stocks from energy and healthcare sectors recording losses.

The mood is cautious amid concerns about global economic slowdown, and a few weak earnings updates from the U.S.

The benchmark S&P/TSX Composite Index is down 62.63 points or 0.31% at 19,995.26 a few minutes past noon.

Energy stocks are down on weak crude oil prices. The Energy Capped Index is down more than 3%. Athbasca Oil Corp (ATH.TO), MEG Energy (MEG.TO), Birchcliff Energy (BIR.TO), Tamarack Valley Energy (TVE.TO), Baytex Energy (BTE.TO), International Petroleum Corp (IPCO.TO), Vermilion Energy (VET.TO), Africa Oil Corp (AOI.TO), Suncor Energy (SU.TO), Crescent Point Energy (CPG.TO) and Arc Resources (ARX.TO) are down 3 to 6.2%.

Healthcare stocks Bausch Health Companies (BHC.TO) and Tilray Inc (TLRY.TO) are down by about 4% and 3.6%, respectively.

Methanex Corporation (MX.TO), BRP Inc (DOO.TO), Precision Drilling Corporation (PD.TO), Magna International (MG.TO), West Fraser Timber (WFG.TO), TFI International (TFII.TO) and Nutrien (NTR.TO) are among the other prominent losers.

Endeavour Mining Plc (EDV.TO), Wheaton Precious Metals (WPM.TO), Snc-Lavalin (SNC.TO), Agnico Eagle Mines (AEM.TO), Thomson Reuters (TRI.TO), Franco-Nevada Corporation (FNV.TO), Loblaw Companies (L.TO) and Alimentation Couche-Tard (ATD.TO) are up 1 to 3.2%.

In Canadian economic news, housing starts in Canada edged up by 1% over a month earlier to 274,700 units in October 2023, above market expectations of 252,900 units, according to the Canada Mortgage and Housing Corporation.

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks partially offset by weakness in mining and technology stocks.

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Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.

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Sensex, Nifty Set For Muted Open On Mixed Global Cues

Indian shares are seen opening flat to slightly lower on Tuesday after rising sharply in the previous session as the announcement of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets.

RTTNews | 2घंटे 2 मिनट पहले

Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.

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Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 3घंटे 4 मिनट पहले

Renewed Consolidation Likely For Hong Kong Stock Market

The Hong Kong stock market moved higher again on Monday, one session after snapping the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,900-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

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Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday after opening in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks and a mixed performance in mining and technology stocks.

RTTNews | 3घंटे 26 मिनट पहले

China Stock Market May Hand Back Monday's Gains

The China stock market bounced higher again on Monday, one session after halting the four-day winning streak in which it had gathered almost 80 points or 2.4 percent. The Shanghai Composite Index now sits just beneath the 3,650-point plateau although it's likely to head south again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 3घंटे 34 मिनट पहले

EURUSD	1.16214	GBPUSD	1.34298	AUDUSD	0.65077
USDJPY	148.408	USDCAD	1.37793	USDCHF	0.81107