Energy, Industrials Shares Dragging Down Canadian Market

RTTNews | 641日前
Energy, Industrials Shares Dragging Down Canadian Market

(RTTNews) - The Canadian market is down in negative territory at noon on Monday as losses in energy and industrials sectors offset solid gains in the technology space.

The mood remains cautious with investors awaiting a slew of crucial Canadian and U.S. economic data this week for clues about the futures interest rate moves by the central banks.

Energy stocks are losing ground due to lower crude oil prices.

The benchmark S&P/TSX Composite Index is down 62.12 points or 0.31% at 20,040.99 at noon.t

Parex Resources (PXT.TO), down 2.25%, is the biggest loser in the Energy Index, which is down by about 1.16%. Vermilion Energy (VET.TO), Athabasca Oil Corp (ATH.TO), Nuvista Energy (NVA.TO), Suncor Energy (SU.TO), Canadian Natural Resources (CNQ.TO), Imperial Oil (IMO.TO) and Enerplus Corp (ERF.TO) are down 1 to 2%.

Among industrials shares, Canadian Pacific Railway (CP.TO), Brookfield Business Partners (BBU.UN.TO), Canadian National Railway (CNR.TO), Gfl Environmental (GFL.TO) and Bombardier Inc (BBD.B.TO) are down 2 to 3%. Ballard Power Systems (BLDP.TO), Telus International (TIXT.TO) are also notably lower.

Among technology stoccks, Shopify Inc (SHOP.TO) is climbing 4%. Tecsys Inc (TCS.TO), Lightspeed Commerce (LSPD.TO), Enghouse Systems (ENGH.TO), Kinaxis Inc (KXS.TO), Dye & Durham (DND.TO), BlackBerry (BB.TO), Open Text Corporation (OTEX.TO) and Hut 8 Mining (HUT.TO) are gaining 1 to 2%.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 1時11分前
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 4時1分前
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 4時30分前
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 7時33分前
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 8時16分前
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 8時46分前