Canadian Market Down In Negative Territory At Noon

RTTNews | il y a 955
Canadian Market Down In Negative Territory At Noon

(RTTNews) - The Canadian market is down in negative territory around noon on Monday, weighed down by losses in energy, materials and utilities sectors.

Consumer staples shares are notably higher. A few stocks from technology sector are also up with impressive gains.

The mood is quite cautious amid concerns over the growing unrest in China with protests against imposition of strict Covid-related restrictions seeing widespread protests in several areas.

The benchmark S&P/TSX Composite Index is down 86.34 points or 0.42% at 20,297.43 a little before noon.

Energy stocks are down sharply, tracking falling crude oil prices. The Energy Capped Index is down 1.7%. Vermilion Energy (VET.TO), Precision Drilling Corp (PD.TO), Whitecap Resources (WCP.TO), Cenovus Energy (CVE.TO) and Crescent Point Energy (CPG.TO) are down 2 to 3.1%.

Equinox Gold Corp (EQX.TO), down 6%, is the biggest loser in the Materials index. Ero Copper (ERO.TO), Filo Mining (FIL.TO), K92 Mining Inc (KNT.TO), MAG Silver Corp (MAG.TO), Iamgold Corp (IMG.TO), Silvercrest Metals (SIL.TO), Eldorado Gold (ELD.TO) and Kinross Gold Corp (K.TO) are declining 3 to 5%.

In the Utilities section, Boralex Inc (BLX.TO) is down more than 3%. Brookfield Renewable Partners (BEP.UN.TO), Innergex Renewable Energy (INC.TO), Altagas (ALA.TO), Brookfield Infra Partners (BIP.UN.TO) and TransAlta Corp (TA.TO) are down 1 to 1.6%.

Among consumer staples stocks, Loblaw Co (L.TO) is gaining 2.4%, Saputo Inc (SAP.TO), Empire Company (EMP.A.TO), Alimentation Couche-Tard and Metro Inc (MRU.TO) are gaining 1.3 to 1.6%.

read more
European Economic News Preview: UK GDP, Foreign Trade Data Due

European Economic News Preview: UK GDP, Foreign Trade Data Due

Monthly GDP and foreign trade from the UK and final inflation from France are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade data. Economists forecast the economy to grow 0.1 percent on a monthly basis in May, in contrast to the 0.3 percent fall in April.
RTTNews | il y a 2h 33min
Australian Market Slips To Modest Losses In Mid-market

Australian Market Slips To Modest Losses In Mid-market

The Australian stock market is slipping to modest losses in mid-market moves on Friday after opening in the green, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,600 level, with weakness in gold miner and energy stocks partially offset by gains in iron ore miner stocks.
RTTNews | il y a 4h 8min
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, as traders hope for an end to the tariff uncertainty after US President Donald Trump confirmed he will not extend the August 1 deadline for striking trade deals, though he continues to threaten higher reciprocal tariffs on various sectors and countries.
RTTNews | il y a 4h 15min