TSX Extends Losses To 5th Session, Sheds Nearly 1%

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(RTTNews) - The Canadian market turned in another weak performance as stocks fell amid concerns tighter monetary policies from central banks could push the economy into a recession.

The Federal Reserve, which is scheduled to announce its monetary policy on Wednesday, is widely expected to raise interest rate 50 basis points. Analsysts at Goldman Sachs and JP Morgan Chase expect the Fed to raise interest rates by 75 basis points.

Stocks from almost all sectors reeled under selling pressure. Utilities, communications and energy stocks were among the most prominent losers. Real estate and technology stocks too ended mostly lower.

The benchmark S&P/TSX Composite Index, which dropped to a low of 19,435.02, ended the session with a loss of 194.05 points or 0.98% at 19,548.51, extending losses to a fifth session.

Bombardier Inc (BBD.B.TO) plunged more than 18%. Tourmaline Oil Corp (TOU.TO) shed about 6.5%. Precision Drilling (PD.TO), Kinaxis Inc (KXS.TO), BCE Inc (BCE.TO), Agnico Eagle Mines (AEM.TO), Shopify Inc (SHOP.TO) and Cargojet (CJT.TO) lost 2 to 5%.

Nutrien (NTR.TO), Goeasy (GSY.TO), Fairfax Financial Holdings (FFH.TO), Teck Resources (TECK.A.TO), Ritchie Bros. Auctioneers (RBA.TO), Thomson Reuters (TRI.TO) and Canadian National Railway (CNR.TO) were among the notable gainers in the session.

On the economic front, data from Statistics Canada said car registrations in the country decreased to 143,148 units in April from 144,597 units in the previous month.

Another data from Statistics Canada showed manufacturing sales in Canada rose by 1.7% from a month earlier to C$ 72.3 billion in April of 2022, slowing from an upwardly revised 3.5% advance in the previous month but faster than a preliminary estimate of 1.6%. It was the seventh straight month of growth in manufacturing sales.

Australian Market Sharply Extends Early Gains In Mid-market

The Australian stock market is sharply expending the early gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,750 level, with gains across most sectors led by financial and technology stocks.

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Indian Shares Look Headed For Another Positive Start

It's likely to be a firm start for Indian shares on Tuesday with investors set to track positive cues from Wall Street and Asian markets. A drop in oil prices is also likely to aid sentiment.

RTTNews | 2घंटे 25 मिनट पहले

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as the markets extend their gains boosted continued strength among technology stocks. Major currencies in the region also strengthened against the US dollar. Asian markets closed mostly higher on Monday.

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Canadian Dollar Rises Against U.S. Dollar

The Canadian dollar advanced against the U.S. dollar in the New York session on Monday.

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Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 4घंटे 26 मिनट पहले

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 50,400 level, with gains in exporters and financial stocks partially offset by weakness in index heavyweights and technology stocks.

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Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

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Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.

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EURUSD	1.17757	GBPUSD	1.34868	AUDUSD	0.66674
USDJPY	156.082	USDCAD	1.37377	USDCHF	0.78964