TSX Ends 1.6% Up On Broad-based Buying After U.S. Inflation Data

RTTNews | 650日前

(RTTNews) - The Canadian market ended on a buoyant note on Tuesday with investors picking up stocks across the board after data showing tamer than expected U.S. inflation raised hopes the Fed will not hike interest rates again.

Interest rate sensitive financials, real estate and utilities shares posted strong gains. Materials, healthcare and technology stocks rallied sharply. Several stocks from consumer discretionary, industrials and communications sectors too posted impressive gains.

The benchmark S&P/TSX Composite Index ended up 314.58 points or 1.6% at 20,023.73, rising past the 20,000 mark for the first time in almost two months.

The Labor Department said U.S. consumer price index was unchanged in October after climbing by 0.4% in September. Economists had expected consumer prices to inch up by 0.1%. Core consumer prices edged up by 0.2% in October after rising by 0.3% in September. Core prices were expected to rise by another 0.3%.

The report also said the annual rate of consumer price growth slowed to 3.2% in October from 3.7% in September. Economists had expected the pace of growth to decelerate to 3.3%.

In Canadian economic news, data released by Statistics Canada this morning showed car registrations in Canada increased to 163,279 units in September from 158,531 units in August.

The Real Estate Capped Index climbed 4.37%. Tricon Capital Group (TCN.TO) surged more than 8%. Crombie Real Estate (CRR.UN.TO), CT Real Estate Investment Trust (CRT.UN.TO), Colliers International (CIGI.TO) and Choice Properties (CHP.UN.TO) gained 5 to 6.2%.

The Health Care Capped Index climbed 2.97%. Chartwell Retirement Residences (CSH.UN.TO) gained 4.2%, Bausch Health Companies (BHC.TO) advanced 3.1%, Sienna Senior Living (SIA.TO) gained 2.75% and Tilray Inc (TLRY.TO) ended 1.7% up.

The Utilities Capped Index jumped 2.95%. Brookfield Renewable Partners (BEP.UN.TO) and Innergex Renewable Energy (INE.TO) gained 8.6% and 7%, respectively. Boralex Inc (BLX.TO) moved up 5.6%, while Algonquin Power & Utilities Corp (AQN.TO) and Northland Power (NPI.TO) both gained nearly 5%.

The Materials Capped Index surged 2.66% with several stocks climbing higher on strong bullion prices. K92 Mining Inc (KNT.TO) and Fortuna Silver Mines (FVI.TO) soared 10.4% and 10%, respectively. First Majestic Silver Corp (FR.TO), Interfor Corp (IFP.TO), Seabridge Gold Inc (SEA.TO), MAG Silver Corp (MAG.TO), Pan American Silver Corp (PAAS.TO) and Lundin Mining Corp (LUN.TO) gained 5.5 to 8.5%.

In the financials sector, Sun Life Financial Inc (SLF.TO) gained about 3.75% after reporting stronger than expected quarterly earnings.

National Bank of Canada (NA.TO), ONEX Corp (ONEX.TO), CDN Western Bank (CWB.TO), Bank of Montreal (BMO.TO), Canadian Imperial Bank of Commerce (CM.TO), Royal Bank of Canada (RY.TO), Laurentian Bank (LB.TO), Bank of Nova Scotia (BNS.TO) and Toronto-Dominion Bank (TD.TO) posted impressive gains.

European Shares Poised For Weak Start As Fed Rate Cut Hopes Fade

European stocks may drift lower on Tuesday as investors fret about Fed independence and await Nvidia earnings due Wednesday for guidance and signs the AI market remains robust.

RTTNews | 20分前

Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.

RTTNews | 1時9分前

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | 2時23分前

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | 2時44分前

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 3時14分前

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 3時55分前

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 4時22分前

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to 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 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 4時25分前

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