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TSX Ends On Firm Note

RTTNews | 923 days ago

(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.

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.

RTTNews | 1h 7min ago

Higher Open Called For Taiwan Stock Market

The Taiwan stock market has moved higher in back-to-back sessions, collecting more than 680 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just beneath the 28,150-point plateau and it figures to open to the upside again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 1h 28min ago

Singapore Bourse May Extend Monday's Gains

The Singapore stock market on Monday wrote a finish to the four-day losing streak in which it had slipped more than 20 points or 0.4 percent. The Straits Times Index now sits just above the 4,610-point plateau and it's expected to open to the upside again on Tuesday.

RTTNews | 1h 58min ago

Malaysia Shares May Open To The Upside Again On Tuesday

The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 2h 28min ago

Japan Stock Market May Add To Its Winnings On Tuesday

The Japanese stock market has finished higher in two consecutive trading days, soaring more than 1,400 points or 2.7 percent along the way. The Nikkei 225 now sits just above the 50,400-point plateau and it may extend its gains on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead. The Nikkei finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers. For the day, the index jumped 895.18 points or 1.81 percent to finish at 50,402.39 after trading between 49,982.20 and 50,590.88. Among the actives, Nissan Motor improved 0.75 percent, while Mazda Motor accelerated 4.34 percent, Toyota Motor advanced 0.91 percent, Honda Motor strengthened 1.61 percent, Softbank Group soared 4.09 percent, Mitsubishi UFJ Financial jumped 1.86 percent, Mizuho Financial vaulted 1.40 percent, Mitsubishi Electric rallied 1.74 percent, Panasonic Holdings spiked 3.47 percent and Hitachi expanded 1.89 percent.

RTTNews | 2h 43min ago

Additional Support Called For South Korea Shares

The South Korea stock market has moved higher in two straight sessions, advancing more than 110 points or 2.7 percent along the way. The KOSPI now sits just above the 4,100-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 2h 58min ago

RBA Minutes Due On Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its Dec. 8 monetary policy meeting, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 3h 28min ago

Swiss Markets Ends Marginally Down

The Swiss market ended slightly down on Monday after languishing in negative territory righ through the day's trading session, as traders largely stayed on the sidelines ahead of Christmas holidays.

RTTNews | 7h 2min ago

EURUSD	1.17686	GBPUSD	1.34714	AUDUSD	0.66601
USDJPY	156.631	USDCAD	1.37453	USDCHF	0.79099