TSX Ends On Firm Note

RTTNews | 806 일 전

(RTTNews) - The Canadian market ended on a firm note on Tuesday despite paring a substantial portion of its early gains.

Data showing just a moderate rise in U.S. consumer prices in the month of May raised hopes the Federal Reserve will pause interest rate hikes. Additionally, higher crude oil prices pushed up energy stocks, contributing to market's positive close.

The benchmark S&P/TSX Composite Index, which climbed to 20,099.24 in early trades, ended with a gain of 69.09 points or 0.35% at 19,990.40.

Besides energy stocks, several stocks from financials, communications and consumer sections posted notable gains.

BRP Inc. (DOO.TO), Stelco Holdings (STLC.TO), Saputo Inc (SAP.TO) and Bombardier Inc (BBD.A.TO) gained 3.7 to 5%.

Magna International (MG.TO), West Fraser Timber (WFG.TO), Teck Resources (TECK.B.TO), Cogeco Inc (CGO.TO), Cogeco Communications (CCA.TO) and Linamar Corporation (LNR.TO) climbed 2 to 3%.

Canadian Natural Resources (CNQ.TO), National Bank of Canada (NA.TO), Bank of Montreal (BMO.TO) and Molson Coors Canada (TPX.B.TO) also posted notable gains.

Enghouse Systems (ENGH.TO) ended lower by 5.6%. The company reported after trrading hours on Monday that it posted a net income of $12.5 million in the second quarter of its current financial year, compared to $17.9 million in the year-ago quarter.

CCL Industries (CCL.A.TO), GFL Environmental (GFL.TO), Shopify Inc (SHOP.TO) and Agnico Eagle Mines (AEM.TO) lost 2 to 3%.

Data from the Labor Department showed the consumer price index inched up by 0.1% in May after climbing by 0.4% in April. Economists had expected prices to tick up by 0.2%.

Core consumer prices rose by 0.4% in May, matching the increase seen in each of the two previous months as well as economist estimates.

The Labor Department also said the annual rate of consumer price growth slowed to 4% in May from 4.9% in April. The annual rate of core consumer price growth also slowed to 5.3% in May from 5.5% in April, in line with expectations.

Following the release of the report, CME Group's FedWatch Tool is indicating a 91.9% chance the Fed leaves interest rates unchanged.

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.

RTTNews | 53 분 전

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.

RTTNews | 1 시간 46 분 전

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.

RTTNews | 1 시간 47 분 전

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 | 3 시간 13 분 전

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 | 3 시간 28 분 전

Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect

Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.

RTTNews | 3 시간 58 분 전

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 | 4 시간 10 분 전

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 | 4 시간 18 분 전

EURUSD	1.16376	GBPUSD	1.35065	AUDUSD	0.65123
USDJPY	147.193	USDCAD	1.37821	USDCHF	0.80188