Canadian Market Down More Than 0.5% On Profit Taking

RTTNews | 2 days ago
Canadian Market Down More Than 0.5% On Profit Taking

(RTTNews) - After opening slightly down, the Canadian market slipped deeper into the red on Monday, weighed down by losses in healthcare, consumer staples, utilities and materials sectors.

The downside is largely due to profit taking after the market climbed to new record highs on Friday amid expectations of an interest rate cut by the Federal Reserve in September.

Investors are awaiting earnings news from Nvidia, and some crucial U.S. economic data. The Commerce Department is due to release a report on Friday that includes the Fed's preferred readings on consumer price inflation.

The benchmark S&P/TSX Composite Index was down 151.79 points or 0.54% at 28,181.34 nearly an hour past noon. The index touched a low of 28,138.70 after opening at 28,313.65, slightly down from Friday's close.

Canadian Energy Services, Bausch Health Companies, Pason Systems ,CCL Industries, Kelt Exploration, Real Matters, Methanex, Ballard Power Systems, Aritzia and Manulife Financial are down 1.7 to 3.2%.

Tilray is soaring more than 15%. Canopy Growth Corp is gaining 8.5%, while Cineplex, Novagold Resources and Aurora Cannabis are up 3 to 7%.

Linamar, Gran Tierra Energy, Organigram Holdings, NexGen Energy, Celestica, Lundin Mining, Parex Resources, Cenovus Energy and Lundin Gold are gaining 1 to 1.5%.

read more
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 1h 34min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
RTTNews | 1h 49min ago
Swiss Market Settles Modestly Higher

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
RTTNews | 2h 31min ago
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.
RTTNews | 2h 39min ago
Thai Bourse May Halt Losing Streak On Thursday

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.
RTTNews | 2h 48min ago
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 2h 56min ago
Indonesia Shares Tipped To Open In The Green

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of 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 7,935-point plateau and it may add to its winnings on Thursday.
RTTNews | 3h 18min ago