TSX Ends On Firm Note

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(RTTNews) - The Canadian market ended on a firm note on Thursday, led by gains in technology, healthcare, industrials and consumer staples sectors.

Strong fourth quarter results and upbeat revenue guidance from U.S. chipmaker NVIDIA buoyed up technology stocks.

The benchmark S&P/TSX Composite Index, which opened with a positive gap of nearly 90 points at 21,259.99 and advanced to 21,365.35, ended the day's session with a gain of 145.70 points or 0.69% at 21,318.08.

Technology stock Celestica Inc (CLS.TO) soared more than 12%. Computer Modelling Group (CMG.TO) climbed 8.1%. CGI Group Inc (GIB.A.TO), Enghouse Systems (ENGH.TO), Open Text Corp (OTEX.TO), Quarterhill (QTRH.TO), Alithya Group (ALYA.TO), Bitfarms (BITF.TO) and Constellation Software (CSU.TO) gained 1 to 2.35%.

Healthcare stock Bausch Health Companies (BHC.TO) rallied nearly 7.5%. The company reported earnings per share of $1.15 for the fourth quarter of 2024, compared to EPS of $1.02 in the year-ago quarter.

Sienna Senior Living (SIA.TO) gained 2.3%, riding on strong fourth quarter results.

Industrials shares Mullen Group (MTL.TO), Tfi International (TFII.TO), Waste Connections (WCN.TO), Element Fleet (EFN.TO), Canadian National Railway (CNR.TO), Russel Metals (RUS.TO) and WSP Global (WSP.TO) gained 1.5 to 2%.

In the financials sector, Nuvei Corp (NVEI.TO), EQB Inc (EQB.TO), Brookfield Asset Management (BAM.TO), Fairfax Financial Holdings (FFH.TO), Sun Life Financial (SLF.TO), Power Corporation of Canada (POW.TO) and National Bank of Canada (NA.TO) ended higher by 1 to 2.6%.

Loblaw (L.TO) gained 3.5%. The company reported adjusted net earnings were $630 million for the fourth-quarter of 2023, an increase of $55 million, or 9.6%.

On the economic front, retail sales in Canada increased 0.9% in December, data from Statistics Canada showed. Year-on-year, retail sales surged 2.9% in December. According to preliminary estimates, retail sales in Canada likely fell 0.4% month-over-month in January 2024.

Australian Dollar Falls Against Majors

The Australian dollar weakened against other major currencies in the Asian session on Tuesday.

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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.

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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.

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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 | 2घंटे 53 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.

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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.

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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.

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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.

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EURUSD	1.16206	GBPUSD	1.34532	AUDUSD	0.64739
USDJPY	147.758	USDCAD	1.38615	USDCHF	0.80633