TSX Extends Losses To 5th Straight Session, Ends Sharply Lower

RTTNews | 1134 일 전

(RTTNews) - The Canadian market tumbled on Thursday as fears about a recession due to aggressive monetary tightening by central banks to rein in inflation rendered the mood bearish.

Markets across Europe fell sharply, and the U.S. market too ended weak despite regaining a substantial portion of lost ground.

The benchmark S&P/TSX Composite Index, which dropped to a low of 18,169.86, ended the session with a loss of 286.13 points or 1.54% at 18,329.05, extending losses to a fifth straight session.

Financials stocks fell, weighed down by weak earnings updates from top U.S. firms JP Morgan Chase and Morgan Stanley. Materials and energy stocks lost ground as commodity prices dropped.

Healthcare stocks rallied sharply. A few stocks from industrials and utilities sections also posted strong gains.

The Financials Capped Index shed 3.19%. Royal Bank of Canada (RY.TO), CDN Western Bank (CWB.TO), Canadian Imperial Bank of Commerce (CM.TO), National Bank of Canada (NA.TO), Bank of Nova Scotia (BNS.TO) and Bank of Montreal (BMO.TO) declined 3 to 6%.

Energy stocks Precision Drilling (PD.TO), Imperial Oil (IMO.TO), Cenovus Energy (CVE.TO), Suncor Energy (SU.TO), Enerplus Corp (ERF.TO), Crescent Point Energy (CPG.TO) and Baytex Energy (BTE.TO) lost 2 to 5.2%.

In the materials section, First Quantum Minerals (FM.TO) tumbled more than 8%. Methanex Corp (MX.TO), Nutrien (NTR.TO), Hudbay Minerals (HBM.TO), MAG Silver Corp (MAG.TO), Barrick Gold Corp (ABX.TO), Agnico Eagle Mines (AEM.TO), Canfor Corp (CFP.TO) and Franco-Nevad Corp (FNV.TO) ended sharply lower.

In the healthcare section, Tilray Inc (TLRY.TO) soared more than 16%. Aurora Cannabis (ACB.TO) surged 14.1%, Canopy Growth Corp (WEED.TO) climbed nearly 10%, and Cronos Group (CRON.TO) gained about 6.5%.

Among industrials section, Ritchie Bros Auctioneers (RBA.TO) climbed 11.8%. Waste Connections (WCN.TO) gained nearly 2%, while Cargojet (CJT.TO), Gfl Environmental (GFL.TO) and Thomson Reuters (TRI.TO) ended higher by 1 to 1.4%.

On the economic front, data from Statistics Canada showed manufacturing sales in Canada fell 2% month-on-month in May, after rising by an upwardly revised 2.6% in April.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, giving up some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.

RTTNews | 36 분 전

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders remain cautious amid lingering uncertainty about the outlook for interest rates ahead of US Fed Chair Jerome Powell's highly anticipated speech at the Jackson Hole Economic Symposium later in the day. Asian markets ended mixed on Thursday.

RTTNews | 1 시간 1 분 전

Sensex, Nifty Set For Muted Start

Indian shares may open on a sluggish note on Friday following six consecutive sessions of gains on optimism about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).

RTTNews | 1 시간 27 분 전

Japanese Market Slightly Higher

The Japanese market is slightly higher on Friday, snapping a three-session losing streak, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 42,650 level, with gains across all sectors led by automakers and financial stocks as domestic inflation data beat expectations.

RTTNews | 1 시간 55 분 전

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, recouping some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.

RTTNews | 2 시간 18 분 전

U.S. Dollar Climbs Against Majors

The U.S. dollar strengthened against its major counterparts in the New York session on Thursday.

RTTNews | 6 시간 28 분 전

TSX Hovers Near Record High; Materials, Energy Stocks Shine Again

Materials and energy stocks are among the prominent gainers in the Canadian market, which is up in positive territory in mid afternoon trades on Thursday.

RTTNews | 10 시간 4 분 전

Swiss Market Ends Weak

The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.

RTTNews | 10 시간 26 분 전

EURUSD	1.15923	GBPUSD	1.34025	AUDUSD	0.64229
USDJPY	148.681	USDCAD	1.39135	USDCHF	0.80983