TSX Ends Notably Lower For 2nd Straight Day

RTTNews | 679 days ago

(RTTNews) - The Canadian market closed sharply lower on Monday as weak commodity prices and data showing another contraction in the nation's manufacturing activity hurt sentiment.

Shares from utilities, communications, materials, healthcare, energy and financials sectors were among the major losers.

The benchmark S&P/TSX Composite Index ended with a loss of 364.09 points or 1.86% at 19,177.18.

Among the sectoral indices, only the Consumer Staples Capped Index ended on the positive side, climbing by a modest 0.53%.

Data from Markit Economis showed the S&P Global Canada Manufacturing PMI fell to 47.5 in September of 2023 from 48 in the previous month, pointing to the fifth consecutive contraction in Canadian factory activity, and at the sharpest pace since the pandemic-driven crash in the second quarter of 2020.

Precision Drilling Corporation (PD.TO) ended down 7%. ATS Corporation (ATS.TO) and Cameo Corporation (CCO.TO) ended lower by 5.4% and 4.7%, respectively.

Bank of Montreal (BMO.TO), Nutrien (NTR.TO), Royal Bank of Canada (RY.TO), Kinaxis Inc (KXS.TO), WSP Global Inc (WSP.TO), Franco-Nevada Corporation (FNV.TO), TFI International (TFII.TO) and FirstService Corporation (FSV.TO) declined 1 to 2.6%.

Boralex Inc (BLX.TO), Hydro One (H.TO), TransAlta Corp (TA.TO), Emera Incorporated (EMA.TO), Altagas (ALA.TO) and Fortis Inc (FTS.TO) also declined sharply.

Laurentian Bank (LB.TO) shares declined nearly 6% after the bank said that its Chief Executive Officer, Rania Llewellyn, and Chair of the Board, Michael Mueller, have stepped down with immediate effect. The company has now appointed Eric Provost as CEO, and Michael Boychuk as Chair of the Board with immediate effect.

Consumer staples shares Alimentation Couche-Tard Inc (ATD.TO) and The North West Company (NWC.TO) and technology stocks Dye & Durham (DND.TO) and Hut 8 Mining Corp (HUT.TO) posted notable gains.

European Shares Seen Opening Up On US-China Trade Truce

European stocks may open higher on Tuesday as the United States and China agreed to extend their tariff truce for another 90 days.

RTTNews | 17 minutes ago

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and economic confidence from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics publishes UK unemployment data. The jobless rate is forecast to remain unchanged at 4.7 percent in the second quarter. At 3.00 am ET, retail sales figures are due from Turkey.

RTTNews | 31 minutes ago

Sensex, Nifty Slightly Higher In Early Trade

Indian shares were slightly higher on Tuesday despite mixed cues from global markets.

RTTNews | 1h 20min ago

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks partially offset by weakness in mining and technology stocks.

RTTNews | 2h 7min ago

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.

RTTNews | 2h 46min ago

Sensex, Nifty Set For Muted Open On Mixed Global Cues

Indian shares are seen opening flat to slightly lower on Tuesday after rising sharply in the previous session as the announcement of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets.

RTTNews | 3h 17min ago

Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.

RTTNews | 4h 11min ago

Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 4h 19min ago

EURUSD	1.16152	GBPUSD	1.34229	AUDUSD	0.6501
USDJPY	148.259	USDCAD	1.37783	USDCHF	0.81097