TSX Ends Nearly 1.9% Up, Gains 2.61% In Week

RTTNews | 988 hari yang lalu
TSX Ends Nearly 1.9% Up, Gains 2.61% In Week

(RTTNews) - The Canadian market ended on a buoyant note on Friday, with stocks across the board turning in a fine performance thanks to sustained buying interest.

Despite concerns about slowing growth and sharp interest rate hikes, investors chose to pick up stocks that had taken a severe beating in recent sessions.

Firm commodity prices and positive cues from the U.S. and European markets aided sentiment.

The benchmark S&P/TSX Composite Index ended with a gain of 360.34 points or 1.86% at 19,773.34, a few points down from the day's high of 19,789.58. The index gained about 2.61% in the week.

Healthcare, technology, energy, materials and consumer staples shares rallied sharply. The Health Care Capped index surged 4.03%, and the Information Technology Capped Index climbed 3.44%, while the Energy, Materials and Consumer Staples indexes gained 2.69%, 2.44% and 2.16%, respectively.

Real estate, financials, industrials and consumer discretionary stocks too closed with strong gains.

Shopify Inc (SHOP.TO) rallied 8.4% on strong volumes. Tamarack Valley Energy (TVE.TO), First Quantum Minerals (FM.TO), Baytex Energy (BTE.TO), Lundin Mining Corporation (LUN.TO), Canadian Natural Resources (CNQ.TO) and Cenovus Energy (CVE.TO) climbed 3.3 to 5.5%.

Suncor Energy (SU.TO), Crescent Point Energy (CPG.TO), Manulife Financial (MFC.TO), Telus Corporation (T.TO), Barrick Gold (ABX.TO), TC Energy Corporation (TRP.TO), Enbridge Inc (ENB.TO) and Bank of Montreal (BMO.TO) also posted impressive gains on fairly huge volumes.

On the economic front, data from Statistics Canada showed the Canadian economy shed 39,700 jobs in August of 2022. Full time employment in Canada decreased 77,200 in August, while part-time employment increased to 37,500 in the month from -17,500 in July.

The unemployment rate in Canada rose to 5.4% in August of 2022 from the record-low of 4.9% observed in the previous two months.

read more
Euro Slips On Trump's Tariff Proposal

Euro Slips On Trump's Tariff Proposal

The euro fell against its major counterparts on Friday, as President Donald Trump proposed tariffs on imports from the European Union starting on June 1.
RTTNews | 22j 56min yang lalu
Swiss Market Ends Weak On Tariff Concerns

Swiss Market Ends Weak On Tariff Concerns

After opening on a positive note and staying above the flat line till about an hour past noon, the Switzerland market tumbled on Friday, hurt by U.S. President Donald Trump's threat that imports from the European Union will face 50% tariffs from June 1st.
RTTNews | 23j 47min yang lalu
European Stocks Closed Weak On Trump's Fresh Tariff Threat

European Stocks Closed Weak On Trump's Fresh Tariff Threat

European stocks closed on a weak note on Friday despite staging a fairly strong recovery past mid afternoon. After staying modestly higher till noon, the major European markets tumbled after U.S. President Donald Trump threatened to impose 50% tariffs on imports from the European Union from June 1st.
RTTNews | 1 hari yang lalu
TSX Recovers After Early Setback; Materials Stocks Move Higher

TSX Recovers After Early Setback; Materials Stocks Move Higher

After a weak start and a subsequent drop to lower levels, the Canadian market recovered well and is down just marginally a little past noon on Friday. The early setback was due to U.S. President Donald Trump's threat that 50% tariffs will be imposed on imports from the European Union beginning June 1st.
RTTNews | 1 hari yang lalu
U.S. New Home Sales Spike From Downwardly Revised Level In April

U.S. New Home Sales Spike From Downwardly Revised Level In April

The Commerce Department released a report on Friday showing new home sales in the U.S. in the month of April spiked compared to a significantly downwardly revised level in March. The report said new home sales soared by 10.9 percent to an annual rate of 743,000 in April after jumping by 2.6 percent to a downwardly revised rate of 670,000 in March.
RTTNews | 1 hari yang lalu
Germany Logs Stronger Growth On Tariff Threats

Germany Logs Stronger Growth On Tariff Threats

The German economy grew at a stronger-than-estimated pace in the first quarter as higher tariff threats by the U.S. administration led to the frontloading of orders for the country's goods, lifting exports and industrial production. Gross domestic product grew 0.4 percent, which was double the initial estimate of 0.2 percent, a detailed report from Destatis revealed on Friday.
RTTNews | 1 hari yang lalu
Bay Street Likely To Open On Negative Note On Tariff Concerns

Bay Street Likely To Open On Negative Note On Tariff Concerns

Canadian shares look headed for a weak start Friday morning as tariff concerns resurfaced after U.S. President Donald Trump threatened 50% tariffs on EU goods from June 1. Weak oil prices could hurt energy stocks and add to market's downside.
RTTNews | 1 hari yang lalu
FTSE Pares Early Gains, Up Marginally In Cautious Trade

FTSE Pares Early Gains, Up Marginally In Cautious Trade

U.K. stocks moved higher Friday morning, reacting to data showing a notable rise in retail sales, and survey showing strong consumer confidence. However, stocks pared gains subsequently in cautious trade and the market was up just marginally a little past noon.
RTTNews | 1 hari yang lalu