Swiss Market Climbs Higher, Firmly On Course To End Session On Strong Note

RTTNews | 1127 hari yang lalu

(RTTNews) - The Switzerland market is up firmly in positive territory Monday afternoon thanks to strong gains in energy and materials sections.

Several stocks from consumer discretionary, consumer staples and industrials sectors are also up with strong gains.

The market has moved higher today despite worries about slowing growth and soaring inflation. Gains in European markets and higher commodity prices contribute to the positive mood in the Canadian market.

The benchmark S&P/TSX Composite Index, which climbed to 19,085.04, was up 198.39 points or 1.05% at 19,059.75 a little while ago.

The Energy Capped Index is up nearly 3.4%. Vermilion Energy (VET.TO) and Advantage Oil & Gas (AAV.TO) both are gaining about 9%. Enerplus Corp (ERF.TO), Spartan Delta Corp (SDE.TO), Crescent Point Energy (CPG.TO), Canadian Natural Resources (CNQ.TO), Baytex Energy (BTE.TO), MEG Energy (MEG.TO), Nuvista Energy (NVA.TO) and Paramount Resources (POU.TO) are up 3 to 6%.

The Materials Capped Index is up 2%. Alamos Gold (AGI.TO) is gaining nearly 8%. Wesdome Gold Mines (WDO.TO), New Gold (NGD.TO), Seabridge Gold (SEA.TO), Interfor Corp (IFP.TO), Franco-Nevada Corp (FNV.TO), Agnico Eagle Mines (AEM.TO), Barrick Gold Corp (ABX.TO) and West Fraser Timber (WFG.TO) are gaining 3.5 to 7%.

Among consumer discretionary stocks, Mty Food Group (MTY.TO) is gaining 4.5%. Brp Inc (DOO.TO), Sleep Country Canada Holdings (ZZZ.TO), Canadian Tire Corp (CTC.A.TO), Spin Master Corp (TOY.TO), Linamar Corp (LNR.TO) and Restaurant Brands International (QSR.TO) are up 1.5 to 3%.

In the consumer staples section, Alimentation Couche Tard (ATD.TO) is up 3.2%. Weston George (WN.TO), Metro Inc (MRU.TO), Empire Company (EMP.A.TO) and Loblaw Co (L.TO) are gaining 1 to 2%.

In economic news, a report from Markit Economics said the S&P Global Canada Manufacturing PMI fell to 54.6 in June of 2022 from 56.8 in the previous month. The latest reading pointed to the 24th straight month of expansion in factory activity but at the slowest pace since January of 2021.

U.S. Factory Orders Pull Back Sharply In June

After reporting a substantial increase by new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back sharply in the month of June. The Commerce Department said factory orders dove by 4.8 percent in June after soaring by an upwardly revised 8.3 percent in May.

RTTNews | 2j 49min yang lalu

Weak Jobs Data Limits Dollar's Rebound

A smaller-than expected addition to non-farm payrolls curtailed the dollar's rally fueled by a hawkish Fed stance, higher-than-expected PCE-inflation readings, as well as anxiety ahead of the U.S.-China trade talks and the looming trade tariff deadline.

RTTNews | 2j 51min yang lalu

Eurozone Investor Sentiment Weakens Unexpectedly

Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.

RTTNews | 4j 10min yang lalu

Bay Street Seen Opening On Cautious Note

Canadian stocks may open on a mixed note on Monday with investors likely to stay cautious ahead of implementation of levies imposed by U.S. President Donald Trump, and a slew of earnings announcements due this week. Weak oil prices may weigh a bit.

RTTNews | 4j 17min yang lalu

FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

The UK market is up in positive territory on Monday with stocks from the financial sector contributing significantly to the upmove after the outcome from the UK's motor finance investigation turned out to less severe than feared, with potential compensation estimated at 9 billion pounds, much less than the expected quantum o 30 billion pounds.

RTTNews | 5j 9min yang lalu