Canadian Shares Turning In Mixed Performance

RTTNews | 1119 दिनों पहले

(RTTNews) - Canadian stocks are turning in a mixed performance on Wednesday with investors tracking earnings announcements, the trend in commodities markets, geopolitical news, and looking ahead to upcoming U.S. non-farm payroll data.

Technology stocks are up sharply. Stocks from healthcare, financials, consumer discretionary and real estate sectors are also mostly up with strong gains.

Energy and materials shares are down sharply. Shares from utilities and communications sectors are also weak.

The benchmark S&P/TSX Composite Index is up 67.93 points or 0.35% at 19,573.26. The index, which drifted down 19,485.02 this morning, advanced to 19,616.12 later before retreating a bit.

The Information Technology Capped Index is up 4.1%. Shopify Inc (SHOP.TO) is soaring more than 10%. Sierra Wireless (SW.TO) is gaining 8.7%, Kinaxis (KXS.TO) is climbing 8.1% and Hut 8 Mining Corp (HUT.TO) is surging nearly 8%.

Lightspeed Commerce (LSPD.TO), Nuvei Corp (NVEI.TO), Magnet Forensics (MAGT.TO), Celestica Inc (CLS.TO) and Absolute Software Corp (ABST.TO) are also up sharply.

The Health Care Capped Index is up nearly 3%. Bausch Health Companies (BHC.TO) is surging 14.3%. Cronos Group (CRON.TO) is rising 3.5%.

Goeasy (GSY.TO), up 5%, is the biggest gainer in the Financials Index. Royal Bank of Canada (RY.TO), CDN Western Bank (CWB.TO), Fairfax Financial Holdings (FFH.TO), Toronto-Dominion Bank (TD.TO), Sun Life Financial Inc (SLF.TO), Bank of Montreal (BMO.TO), Canadian Imperial Bank of Commerce (CM.TO) and Manulife Financial (MFC.TO) are gaining 1 to 2%.

Colliers International Group Inc. (CIGI.TO) is gaining 2%. The company reported revenues of $1.13 billion for the quarter ended June 30, 2022, up 19% over the year-ago quarter.

Endeavour Mining Plc (EDV.TO) reported adjusted net earnings of $111 million for the quarter ended June 30, 2022, compared with $134 million in the previous quarter. The stock is up marginally.

Boralex Ltd. (BLX.TO) announced that it posted net earnings of $14 million for the quarter ended June 2022, as against net loss of $12 million for the corresponding period in 2021. Despite turnaround results, the stock is down by about 1%.

Nuvista Energy (NVA.TO) reported net earnings of $178 million for the April - June 2022 quarter, as against net loss of about $11 million in the year-ago quarter. The stock is down more than 5%.

Australia Inflation Accelerates To 1-Year High

Australia's consumer price inflation accelerated more than expected to a one-year high in July, indicating a more gradual approach to monetary policy easing. The CPI indicator advanced 2.8 percent year-on-year in July, following June's 1.9 percent rise, the Australian Bureau of Statistics reported. This was the strongest since July 2024.

RTTNews | 28 मिनटों पहले

European Economic News Preview: German GfK Consumer Confidence Due

Consumer sentiment survey data from Germany is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the market research group GfK publishes Germany's monthly consumer confidence survey results. The consumer sentiment indicator is forecast to fall to -22 in September from -21.5 in August.

RTTNews | 1घंटे 3 मिनट पहले

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.

RTTNews | 1घंटे 52 मिनट पहले

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves 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, which could impact the outlook for interest rates.

RTTNews | 1घंटे 56 मिनट पहले

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.

RTTNews | 3घंटे 23 मिनट पहले

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.

RTTNews | 3घंटे 41 मिनट पहले

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping 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 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | 3घंटे 53 मिनट पहले

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.

RTTNews | 3घंटे 59 मिनट पहले

EURUSD	1.16163	GBPUSD	1.34503	AUDUSD	0.64858
USDJPY	147.943	USDCAD	1.38436	USDCHF	0.80504