TSX Ends Modestly Higher

RTTNews | 1035 hari yang lalu

(RTTNews) - The Canadian market ended modestly higher on Thursday, led by gains in technology stocks.

The benchmark S&P/TSX Composite Index, which rose to a one-month high at 19,516.36 early on in the session, gave up most of its gains as the day progressed and finally settled at 19,352.11, up 72.35 points or 0.38% from the previous close.

A few stocks from financials, utilities and communications sectors posted notable gains. Healthcare stocks declined sharply. Materials and energy stocks turned in a mixed performance.

The Information Technology Capped Index climbed 3.89%. Shopify Inc (SHOP.TO) soared 17.1% after the company reported a smaller-than-expected loss in the latest quarter.

Shopify reported adjusted net loss of $30 million in the third quarter of this financial year, compared with adjusted net income of $102.8 million in the year-ago quarter. The company was expected to post adjusted net loss of $0.08 per share.

Quarterhill (QTRH.TO), Nuvei Corp (NVEI.TO), Magnet Forensics (MAGT.TO) and Kinaxis Inc (KXS.TO) gained 2 to 3%.

CDN Western Bank (CWB.TO), Sun Life Financial (SLF.TO), IA Financial Corp (IAG.TO), Fairfax Financial Holdings (FFH.TO) and Great-West Lifeco Inc (GWO.TO) gained 1 to 3.3%.

Transalta Corp (TA.TO) surged nearly 3%. Boralex (BLX.TO), Atco (ACO.X.TO) and Capital Power Corp (CPX.TO) gained 1.5 to 2%.

TC Energy Corporation (TRP.TO), Air Canada (AC.TO), Methanex Corporation (MX.TO), Nutrien (NTR.TO) and WSP Global (WSP.TO) also posted strong gains.

Park Lawn Corporation (PLC.TO) ended nearly 9% down. Teck Resources (TECK.B.TO), Aritzia Inc (ATZ.TO) and TFI International (TFII.TO) ended lower by 4 to 5.1%.

Cameco Corporation (CCO.TO) lost more than 4%. The company reported adjusted net earnings of $10 million for the quarter ended September 2022, as against adjusted net loss of $54 million in the year-ago quarter.

In economic news, a report from the Canadian Federation of Independent Business, Canada's CFIB's Business Barometer long-term optimism index, which is based on a 12-month outlook, fell to 51.4 in October of 2022 from a downwardly revised 52.4 in September, the lowest since April 2020.

Data from Statistics Canada showed average weekly earnings of non-farm payroll employees in Canada rose for the 15th consecutive month, surging by 3.2% year-on-year to C$ 1,170.14 in August of 2022.

Europe Car Sales Rebound In July

Europe's new car sales rebounded in July on strong demand for battery electric and plug-in hybrid cars, the European Automobile Manufacturers' Association reported Thursday. Car registrations in the European Union advanced 7.4 percent year-on-year in July, offsetting June's 7.3 percent decrease. Data showed an annual rise of 39.1 percent for battery-electric and 14.3 percent for hybrid-electric

RTTNews | 43 minit yang lalu

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against other major currencies in the Asian session on Thursday.

RTTNews | 1j 5min yang lalu

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 | 2j 34min yang lalu

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 | 3j 27min yang lalu

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 | 3j 28min yang lalu

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 | 4j 54min yang lalu

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 | 5j 9min yang lalu

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 | 5j 39min yang lalu

EURUSD	1.16324	GBPUSD	1.34874	AUDUSD	0.65097
USDJPY	147.294	USDCAD	1.37841	USDCHF	0.80168