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TSX Ends Higher For 5th Straight Session

RTTNews | 232 days ago

(RTTNews) - The Canadian market closed higher on Monday, extending gains to a sixth straight session, reacting to news that the Trump administration will hold off on imposing trade tariffs for now.

According to reports, Donald Trump will direct federal agencies to assess trade relations with China, Canada and other trade partners but will hold off on imposing new tariffs on his first day in office.

The benchmark S&P/TSX Composite Index, which climbed to 25,245.78, ended with a gain of 103.66 points or 0.41% at 25,171.58.

Energy and materials shares moved higher, contributing significantly to market's upmove.

The Energy Capped Index climbed 2.32%. MEG Energy Corp (MEG.TO) rallied 6.3%. Terravest Capital (TVK.TO), Athabasca Oil Corp (ATH.TO), Canadian Natural Resources (CNQ.TO), Headwater Exploration (HWX.TO) and Birchcliff Energy (BIR.TO) gained 3 to 5.2%. Whitecap Resources (WCP.TO), Kelt Exploration (KEL.TO), Nuvista Energy (NVA.TO) and Baytex Energy (BTE.TO) also closed sharply higher.

The Materials Capped Index moved up 1.17%. First Quantum Minerals (FM.TO), Lundin Mining Corp (LUN.TO), Teck Resources (TECK.B.TO), Hudbay Minerals (HBM.TO), k92 Mining (KNT.TO), Ivanhoe Mines (IVN.TO), Calibre Mining (CXB.TO) and Capstone Mining Corp (CS.TO) gained 3 to 4.7%.

Bombardier Inc (BBD.B.TO) gained 7.3% thanks to reports that Trump will hold off on imposing tariffs on Canada for now.

Bausch + Lomb (BLCO.TO) rallied 6.3%. MTY Food Group (MTY.TO), Cargojet (CJT.TO), Rogers Communications (RCI.A.TO), Propel Holdings (PRL.TO), Hut 8 Corp (HUT.TO), EQB Inc (EQB.TO), BRP Inc (DOO.TO) and Boyd Group Services (BYD.TO) gained 2 to 4.3%.

Telesat Corporation (TSAT.TO), Kinaxis Inc (KXS.TO), Toronto-Dominion Bank (TD.TO) and Lessonade Industries (LAS.A.TO) closed notably lower.

European Economic News Preview: Italy Industrial Output Data

Industrial production from Italy and Spain are the major economic reports due on Wednesday. At 2.00 am ET, Statistics Norway publishes consumer prices for August. In July, inflation advanced to 3.3 percent from 3.0 percent in June. At 3.00 am ET, Statistics Spain is set to issue industrial production data for July. Output had climbed 2.3 percent on a yearly basis in June.

RTTNews | 29 minutes ago

Sensex, Nifty Up Firmly In Positive Territory; IT Stocks Shine Again

Indian stocks are up firmly in positive territory Wednesday morning after a bright start, with technology and PSU bank stocks hogging the limelight. Expectations of more reductions in GST rates, and reports about prospects of trade talks between India and the U.S. contribute to the positive mood in the markets.

RTTNews | 34 minutes ago

Australian Market Extends Early Gains In Mid-market

The Australian market is extending its early gains in mid-market moves on Wednesday after opening in the red, reversing some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying above the 8,800 level, following the broadly positive cues from Wall Street overnight, with gains in financial and technology stocks partially offset by weakness in mining and energy stocks.

RTTNews | 2h 33min ago

Indian Shares Likely To Open Higher

Indian shares look headed for a positive start on Wednesday, tracking global cues. Activity is likely to turn stock specific with investors reacting to corporate news. Automobile stocks may find support with several companies deciding to pass on the benefit of recent GST reduction to customers.

RTTNews | 2h 41min ago

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid growing optimism about the outlook for interest rates after sharp downward revisions in US jobs data and ahead of the release of the closely watched US inflation data later in the week. Currencies in the region also strengthened against the US dollar.

RTTNews | 2h 51min ago

Higher Open Called For Thai Stock Market

The Thai stock market has moved higher in three straight sessions, adding almost 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,275-point plateau and it's tipped to open in the green again on Wednesday.

RTTNews | 4h 2min ago

Indonesia Bourse May End Losing Streak On Wednesday

The Indonesia stock market has moved lower in three straight sessions, sinking almost 260 points or 3.6 percent in that span. The Jakarta Composite Index now rests just beneath the 7,630-point plateau although it's due for support on Wednesday.

RTTNews | 4h 32min ago

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Wednesday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 43,650 level, with gains in technology stocks partially offset by weakness in automakers, exporters and financial stocks.

RTTNews | 4h 36min ago

EURUSD	1.17109	GBPUSD	1.35386	AUDUSD	0.66102
USDJPY	147.408	USDCAD	1.38404	USDCHF	0.79675