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TSX Down Marginally In Lackluster Trade

RTTNews | 11 days ago

(RTTNews) - Canadian stocks are turning in a lackluster performance on Monday as investors closely focusing on the meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy at the White House.

The meeting between Trump and several European leaders, including Zelenskyy today, comes after Trump's meeting with Russian President Vladimir Putin last Friday in Alaska yielded some progress but failed to result in a concrete agreement to end the war in Ukraine.

In a post on Truth Social on Sunday, Trump claimed Zelenskyy has the power to "end the war with Russia almost immediately, if he wants to."

Investors also await the upcoming Federal Reserve's Jackson Holey Symposium on Friday. Several central bank chiefs are scheduled to make speeches at the symposium. Fed Chair Jerome Powell will deliver a keynote address at the symposium. His speech is eyed for clues about Fed's stance on interest rate cuts.

The benchmark S&P/TSX Composite Index was down 32.10 points or 0.12% at 27,873.39 a little while ago.

Consumer staples and consumer discretionary stocks are faring well. Healthcare and materials shares are under some pressure.

Consumer staples stocks North West Company, Metro and George Weston are up 2.3%, 1.7% and 1.5%, respectively. Empire Company, Saputo and Loblaw are up with moderate gains.

Consumer discretionary stocks Dollarama Inc. and Brp are gaining 2.3% and 2.2%, respectively. Aritzia and Restaurant Brands International are up with moderate gains.

Healthcare stocks Bausch Healthcare and Sienna Seior Living are down 2.1% and 1%, respectively.

In the Materials Capped Index, Fortuna Mines is down nearly 3%, and First Majestic Silver is down 2.8%. Wheaton Precious Metals, Triple Flag Precious Metals, Labrador Iron Ore Royalty, Ivanhoe Mines, Equinox Gold Corp, Teck Resources and Ssr Mining are declining by 1.2 to 2%.

In Canadian economic news, data from Statistics Canada showed housing starts in Canada rose 3.7% in July to 2,94,085 units, up from 2,83,523 in June.

U.S. Dollar Falls Against Most Majors

The U.S. dollar weakened against its most major counterparts in the New York session on Friday.

RTTNews | 1h 9min ago

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 | 2h 28min ago

Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings

Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.

RTTNews | 4h 42min ago

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 | 5h 18min ago

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 | 5h 47min ago

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | 8h 31min ago

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 | 8h 50min ago

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 | 9h 33min ago

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