Canadian Stocks Exhibiting Weakness, Set To Snap Winning Streak

RTTNews | 1054 일 전

(RTTNews) - The Canadian market, which slipped into the red a little before noon on Friday, continues to exhibit weakness due to sustained selling at several counters, and looks set to end lower after five successive days of gains.

Healthcare, technology, energy and materials shares are down sharply. A few stocks from real estate, consumer staples and utilities sections are notably higher.

The benchmark S&P/TSX Composite Index is down 114.42 points or 0.6% at 18,948.43.

The Healthcare Capped Index is down more than 4%. Aurora Cannabis (ACB.TO) is down 8.6%, Canopy Growth Corp (WEED.TO) is losing about 7.6%, Cronos Group (CRON.TO) is declining nearly 7% and Tilray Inc (TLRY.TO) is down 6.25%. Bausch Health Companies (BHC.TO) is lower by aboout 3.7%.

Technology stocks are down sharply, tracking the fall of Nasdaq after Snap Inc shares plunged 37% on disappointing second quarter results. The company declined to provide guidance due to "incredibly challenging" conditions and also announced plans to "substantially slow" its rate of hiring.

Hut 8 Mining (HUT.TO) is down nearly 10%. Shopify Inc (SHOP.TO) and Dye & Durham (DND.TO) are down 7.7% and 7.1%, respectively. Lightspeed Commerce (LSPD.TO), Sierra Wireless (SW.TO), Nuvei Corp (NVEI.TO) and BlackBerry (BB.TO) are also down with sharp losses.

Energy stocks Vermilion Energy (VET.TO), Enerplus Corp (ERF.TO), Crescent Point Energy (CPG.TO) and Cenovus Energy (CVE.TO) are down 2 to 3%.

Materials shares Stelco Holdings (STLC.TO), Lithium Americas Corp (LAC.TO), Agnico Eagle Mines (AEM.TO), Ssr Mining (SSRM.TO), Interfor Corp (IFP.TO) and Torex Gold Resources (TXG.TO) are down sharply.

In economic news, data from Statistics Canada showed retails sales in Canada increased 2.2% in May of 2022 over the previous month. Retail Sales increased 14.1% year-on-year in May.

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

RTTNews | 1 시간 30 분 전

Crude Oil Prices Fade As US-China Talks Progress

Crude oil prices were down on Tuesday amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain. WTI oil closed down by $0.31 to settle at $64.98 per barrel. August Brent crude was last seen down by $0.03 to $67.01. To ease the standstill created by the reciprocal tariffs imposed by U.S. President Donald Trump and China, high-level officials from both nations convened at London on Monday to discuss steps to soften the conflict. As the talks went on for the second day today, Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports." While U.S. Treasury Secretary Scott Bessent described Monday's talks as "good meeting," the Commerce Secretary Howard Lutnick called them as "fruitful." On the geopolitical front, however, Russia showed no sign of relenting on its war with Ukraine and continued its attacks. Limiting the downside, the U.S. Energy Information Administration has reported today that US crude oil production is likely to decline over the next 18 months - while the approach of the summer driving season is also good news.

RTTNews | 1 시간 36 분 전

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

RTTNews | 2 시간 17 분 전

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

RTTNews | 3 시간 42 분 전

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

RTTNews | 3 시간 58 분 전

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

RTTNews | 5 시간 5 분 전

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.

RTTNews | 5 시간 41 분 전

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.

RTTNews | 8 시간 36 분 전

EURUSD	1.14222	GBPUSD	1.34958	AUDUSD	0.65225
USDJPY	144.845	USDCAD	1.36697	USDCHF	0.82207

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Canadian Stocks Exhibiting Weakness, Set To Snap Winning Streak