Canadian Market Down Marginally In Cautious Trade

RTTNews | 972 days ago
Canadian Market Down Marginally In Cautious Trade

(RTTNews) - The Canadian market is down marginally a little past noon on Tuesday after recovering from lower levels. The mood is cautious and investors are largely refraining from making significant moves as they await the Bank of Canada's interest rate decision, due on Wednesday.

The central bank is widely expected to raise interest rate by 25 basis points.

The benchmark S&P/TSX Composite Index, which dropped to a low of 20,502.36, is down 31.31 points or 0.16% at 20,600.27 about half an hour past noon.

Consumer staples and communications stocks are among the prominent gainers, while consumer discretionary and energy stocks are weak. Shares from rest of the sectors are turning in a mixed performance.

West Fraser Timber (WFG.TO), Rogers Communications (RCI.A.TO), Toromont Industries (TIH.TO), Dollarama (DOL.TO) and Ag Growth International (AFN.TO) are gaining 2 to 3%.

MTY Food Group (MTY.TO), Fairfax Financial Holdings (FFH.TO), Cargojet (CJT.TO), George Weston (WN.TO) and Thomson Reuters (TRI.TO) are up 1.5 to 2%.

Metro Inc (MRU.TO) is up more than 2%. The company reported first-quarter net earnings of $231 .1 million, up 11.3%, and adjusted net earnings of $237 .6 million, up 10.9%, over the year-ago quarter.

Magna International (MG.TO) is down more than 7%. Magna International Inc said sales were around $37.8 billion in fiscal 2022, compared with $36.242 billion in the previous year. In its November outlook, the company had expected to post sales of $37.4 billion to $38.4 billion, for the fiscal.

Precision Drilling Corporation (PD.TO), Ritchie Bros. Auctioneers (RBA.TO), Linamar Corporation (LNR.TO), Tourmaline Oil Corp (TOU.TO), TC Energy (TRP.TO) and Shopify Inc (SHOP.TO) are down 1.7 to 2%.

read more
European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

European stocks are seen opening broadly higher on Tuesday, even as the upside may remain capped amid ongoing volatility in the bond markets due to political uncertainty in France and Germany's plans to ramp up debt issuance.
RTTNews | 19 minutes ago
European Economic News Preview: Eurozone Flash PMI Data Due

European Economic News Preview: Eurozone Flash PMI Data Due

Flash composite purchasing managers' survey results from the euro area and the UK are the top economic news due on Tuesday. At 3.15 am ET, France's flash composite PMI survey results are due. The composite output index is forecast to edge up to 49.9 in September from 49.8 in the previous month.
RTTNews | 35 minutes ago
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level, with gains across most sectors led by mining and technology shares.
RTTNews | 2h 23min ago
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian markets are trading mixed on Tuesday, following the positive cues from Wall Street overnight, as traders remain optimistic about the outlook for the markets amid expectations of further interest rate cuts by the US Fed. Some traders are also looking to cash in on the recent strength in the markets. However, escalating tensions in Europe and the Middle East are weighing on market sentiment.
RTTNews | 2h 48min ago
Sensex, Nifty Seen Lower At Open

Sensex, Nifty Seen Lower At Open

Indian shares look set to open on a weak note on Tuesday as investors keep a close eye on ongoing trade talks with the U.S. as well as escalating tensions in Europe and the Middle East, with EU targeting Russian supplies and Ukraine intensifying its attacks on Russian energy infrastructure.
RTTNews | 3h 19min ago
Higher Open Called For Thai Stock Market

Higher Open Called For Thai Stock Market

The Thai stock market has moved lower in four straight sessions, shedding more than 25 points or 1.9 percent along the way. The Stock Exchange of Thailand now sits just above the 1,280-point plateau although it's due for support on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The SET finished modestly lower on Monday following losses from the food, finance, industrial, property, resource, service and technology sectors. For the day, the index lost 10.18 points or 0.79 percent to finish at the daily low of 1,282.54 after peaking at 1,296.42. Volume was 8.171 billion shares worth 31.595 billion baht. There were 356 decliners and 128 gainers, with 167 stocks finishing unchanged. Among the actives, Advanced Info lost 0.68 percent, while Thailand Airport crashed 0.64 percent, Asset World sank 0.83 percent, Banpu plunged 2.48 percent, Bangkok Bank collected 0.68 percent, Bangkok Expressway eased 0.97 percent, BTS Group gave up 1.24 percent, CP All Public dipped 0.52 percent, Charoen Pokphand Foods dropped 0.86 percent, Energy Absolute declined 1.64 percent, Gulf weakened 1.63 percent, Kasikornbank and PTT Global Chemical both slumped 0.91 percent, Krung Thai Bank skidded 0.99 percent, Krung Thai Card retreated 1.64 percent, PTT Oil & Retail fell 0.72 percent, PTT slid 0.75 percent, PTT Exploration and Production was down 0.87 percent, SCG Packaging tanked 2.69 percent, Siam Commercial Bank added 0.40 percent, Siam Concrete tumbled 1.77 percent, Thai Oil plummeted 2.70 percent, True Corporation contracted 0.93 percent, TTB Bank shed 0.53 percent and B. Grimm and Bangkok Dusit Medical were unchanged.
RTTNews | 3h 50min ago
Indonesia Bourse Likely To Remain Rangebound

Indonesia Bourse Likely To Remain Rangebound

The Indonesia stock market has finished lower in two of three trading days since the end of the seven-day winning streak in which it had surged almost 400 points or 5 percent. The Jakarta Composite Index sits just above the 8,040-point plateau and it figures to hold steady in that neighborhood again on Tuesday. The global forecast for the Asian markets continued to be mildly positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The JCI finished slightly lower on Monday as losses from the financial shares and telecoms were mitigated by support from the resource and cement companies. For the day, the index dipped 11.08 points or 0.14 percent to finish at 8,040.04 after trading between 8,005.35 and 8,087.93. Among the actives, Bank CIMB Niaga fell 0.29 percent, while Bank Mandiri advanced 0.91 percent, Bank Danamon Indonesia collected 0.85 percent, Bank Negara Indonesia retreated 1.41 percent, Bank Central Asia and Astra Agro Lestari both dropped 0.96 percent, Bank Rakyat Indonesia tanked 2.12 percent, Indosat Ooredoo Hutchison retreated 1.59 percent, Indocement improved 0.72 percent, Semen Indonesia strengthened 1.39 percent, Indofood Sukses Makmur rose 0.32 percent, Astra International shed 0.44 percent, Energi Mega Persada surged 7.14 percent, Aneka Tambang rallied 3.77 percent, Vale Indonesia soared 3.71 percent, Timah spiked 5.00 percent, Bumi Resources skyrocketed 6.14 percent and United Tractors was unchanged.
RTTNews | 4h 20min ago