Canadian Shares Extending Losses As Growth Worries Weight On Sentiment

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(RTTNews) - Canadian stocks are down in negative territory around noon on Friday, extending recent losses, amid fears about a global economic recession.

Energy, healthcare and utilities shares are among the major losers. Industrials, real estate and communications shares are also mostly down in negative territory.

The benchmark S&P/TSX Composite Index is down 204.25 points or 1.04% 19,396.36 a little before noon.

The HealthCare Capped Index is down 3.56%. Bausch Health Companies (BHC.TO) is plunging nearly 8%, Bellus Health Inc (BLU.TO) is down 4.8% and Chartwell Retirement Residences (CSH.UN.TO) is declining nearly 3%. Canopy Growth Corp (WEED.TO) is down 1.7%.

The Energy Capped Index is down 3%. Arc Resources (ARX.TO), Baytex Energy (BTE.TO), Canadian Natural Resources (CNQ.TO), Crescent Point Energy (CPG.TO), Cenovus Energy (CVE.TO), Enerplus Corp (ERF.TO), Imperial Oil (IMO.TO), MEG Energy (MEG.TO) and Precision Drilling Corp (PD.TO) are down 2 to 5%.

In the utilities section, Algonquin Power and Utilities Corp (AQN.TO), Innergex Renewable Energy (INE.TO), Altagas (ALA.TO), Northland Power (NPI.TO) and Hydro One (H.TO) are down 2 to 5%.

In economic news, data from Statistics Canada showed new home prices for Canada declined 0.2% month-over-month in November of 2022, the same as in October, and marking a third consecutive month of declines. House prices in Canada increased 4.1% year-on-year in November, the smallest increase since October 2020.

Another data from Statistics Canada showed wholesale sales in Canada rose by 2.1% from a month earlier to reach a record-high of C$83.4 billion in October of 2022, revised from preliminary estimates of a 1.3% increase and compared to the 0.2% fall in the prior month.

Sensex, Nifty Slightly Higher In Early Trade

Indian shares were slightly higher on Tuesday despite mixed cues from global markets.

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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.

RTTNews | 1घंटे 47 मिनट पहले

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 18 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.

RTTNews | 3घंटे 12 मिनट पहले

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 20 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.

RTTNews | 3घंटे 35 मिनट पहले

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 42 मिनट पहले

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