Canadian Stocks Headed For Another Weak Close

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(RTTNews) - The Canadian market is set to end lower for a third straight session with stocks from energy and materials sectors reeling under selling pressure on Monday. With the Federal Reserve's monetary policy announcement, and a slew of key economic data, including inflation readings from Canada and the U.S., due this week, the mood remains quite cautious.

The benchmark S&P/TSX Composite Index is down 135.07 points or 053% at 25,139.23.

BCE Inc (BCE.TO) is down nearly 6%. Wajax Corporation (WJX.TO), Rogers Communications (RCI.B.TO), Teck Resources (TECK.B.TO), Tourmaline Oil Corp (TOU.TO), Pembina Pipeline Corporation (PPL.TO), Quebecor Inc (QBR.A.TO), Cogeco Inc (CGO.TO), Canadian Natural Resources (CNQ.TO) and Nutrien (NTR.TO) are down 2.2 to 3.3%.

Cogeco Communications (CCA.TO), West Fraser Timber (WFG.TO), Imperial Oil (IMO.TO), Suncor Energy (SU.TO), BRP Inc (DOO.TO), Precision Drilling Corp (PD.TO), CGI Inc (GIB.A.TO) and Linamar Corporation (LNR.TO) are also notably lower.

Hut 8 Corp (HUT.TO) is up nearly 9%. TerraVest Industries (TVK.TO), Aritzia Inc (ATZ.TO), Jamieson Wellness (JWEL.TO), Toromont Industries (TIH.TO), ATCO Ltd. (ACO.Y.TO), Shopify Inc (SHOP.TO) and Boyd Group Services (BYD.TO) are gaining 1 to 2.5%.

On the economic front, a report from the Canada Mortgage and Housing Corporation said housing starts in Canada rose by 8.4% month-over-month to 262,400 units in November, the highest level in four months.

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 | 1घंटे 20 मिनट पहले

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 | 1घंटे 41 मिनट पहले

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 | 2घंटे 11 मिनट पहले

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 | 2घंटे 52 मिनट पहले

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 | 3घंटे 19 मिनट पहले

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 | 3घंटे 22 मिनट पहले

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure 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 | 3घंटे 37 मिनट पहले

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 3घंटे 39 मिनट पहले

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