TSX Recovers After Sharp Early Setback, Ends Roughly Flat

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(RTTNews) - After a weak start and a subsequent spell in the red that lasted well over an hour past noon, the Canadian market slowly emerged into positive territory around mid afternoon, but failed to hold gains and finally ended with a marginal loss on Monday.

Rising concerns about a surge in Covid-19 cases in China, and worries about geopolitical tensions weighed on stocks.

China reported three persons died after contracting Covid, marking first Covid-related deaths the country's mainland reported since May.

The surge in new cases has resulted in China imposing stringent restrictions in several cities, including Beijing and Shanghai.

The mood was down also due to concerns that future attacks by Russia on Ukraine's nuclear power supply could be catastrophic

The benchmark S&P/TSX Composite Index ended with a loss of 3.78 points or 0.02% at 19,977.13. The index dropped to a low of 19,787.05.

Healthcare, energy and technology stocks were among the major losers. Consumer staples and consumer discretionary stocks posted strong gains. A few stocks from industrials and real estate sectors also moved higher.

Bausch Health Companies Inc (BHC.TO) plunged 7.7%. Tilray Inc (TLRY.TO) ended 2.5% down, and Canopy Growth Corp (WEED.TO) closed lower by 1.8%.

Technology stocks Converge Technology Solutions (CTS.TO) and Hut 8 Mining Corp (HUT.TO) dropped 7.6% and 7.4%, respectively. Sylogist (SYZ.TO), Shopify Inc (SHOP.TO), Quarterhill (QTRH.TO), Nuvei Corp (NVE.TO), Alithya Group (ALYA.TO) and Shopify Inc (SHOP.TO) lost 2 to 4%.

Energy stocks Enerplus Corp (ERF.TO), MEG Energy Corp (MEG.TO), Athabasca Oil Corp (ATH.TO), Arc Resources (ARX.TO), Crescent Point Energy (CPG.TO), Whitecap Resources (WCP.TO), Cenovus Energy (CVE.TO) and Precision Drilling Corp (PD.TO) lost 2 to 3.1%.

Consumer discretionary shares Restaurant Brands International (QSR.TO) and Dollarama Inc (DOL.TO) gained 2.6% and 2.15%, respectively.

In the consumer staples section, Primo Water Corp (PRMW.TO) climbed more than 3%, Loblaw Company (L.TO) gained 2.2%, Empire Company (EMP.A.TO) advanced 1.35%, and Weston George (WN.TO) gained 1.2%.

Swiss Market Ends Modestly Higher As Stocks Rise In The Final Hour

After some positive moments till about an hour after the opening bell Friday morning, and a subsequent long spell in negative territory, the Swiss market climbed higher in the final hour to close on a firm note.

RTTNews | 5घंटे 7 मिनट पहले

European Markets Close Higher As Stocks Recover After Cautious Start

European stocks closed higher on Friday, and several markets in the region climbed to fresh highs, with investors reacting to the interest rate decisions by major central banks. Expectations of more monetary easing by the Federal Reserve contributed as well to the positive mood in the markets.

RTTNews | 5घंटे 32 मिनट पहले

TSX Climbs To New Record High As Technology, Materials Stocks Rise

After opening on a firm note, Canadian stocks gained further ground in positive territory Friday morning with several counters in materials, technology and healthcare sectors attracting strong buying interest.

RTTNews | 6घंटे 19 मिनट पहले

U.S. Consumer Sentiment Rebounds Less Than Previously Estimated In December

Consumer sentiment in the U.S. rebounded by less than previously estimates in the month of December, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for December was downwardly revised to 52.9 from a preliminary reading of 53.3. Economists had expected the index to be upwardly revised to 53.4.

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U.S. Existing Home Sales Rise Less Than Expected In November

Existing home sales in the U.S. saw a modest increase in the month of November, the National Association of Realtors revealed in a report released on Friday. NAR said existing home sales rose by 0.5 percent to an annual rate of 4.13 million in November after jumping by 1.5 percent to an upwardly revised rate of 4.10 million in October.

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Russia Cuts Key Rate By 50 Bps As Expected

Russia's central bank cut its interest rate by 50 basis points on Friday but reiterated that it will maintain policy tight to bring inflation back to the target. The Board of Directors, led by Governor Elvira Nabiullina, decided to cut the key rate to 16.00 percent from 16.50 percent. The decision matched market expectations. The bank has lowered the interest rate by 400 basis points since Jun

RTTNews | 9घंटे 41 मिनट पहले

Bay Street May Open Slightly Higher

The Canadian market, which snapped a four-day losing streak on Thursday, looks headed for a positive start Friday morning. Canadian retail sales data, and U.S. PCE reading are likely to make an impact.

RTTNews | 10घंटे 21 मिनट पहले

FTSE 100 Flat In Cautious Trade

UK's FTSE 100 was flat a little past noon on Friday with investors largely refraining from making big moves. A report showing an improvement in consumer sentiment supported the market, while data showing an unexpected drop in retail sales appeared to render the mood cautious.

RTTNews | 11घंटे 2 मिनट पहले

EURUSD	1.17054	GBPUSD	1.3377	AUDUSD	0.661
USDJPY	157.739	USDCAD	1.38	USDCHF	0.7953