TSX Ends Lower As Technology Stocks Decline

RTTNews | Pred 805 dňami

(RTTNews) - Canadian stocks turned in a weak performance on Monday, with investors largely staying cautious ahead the Federal Reserve's monetary policy announcement due later in the week.

While the Fed is scheduled to announce its policy on Wednesday, the Bank of England and Bank of Japan will make their policy announcements on Thursday.

The benchmark S&P/TSX Composite Index ended down 129.51 points or 0.63% at 20,492.83. The index, which was down in negative territory right through the day's session, touched a low of 20,449.11.

In the healthcare section, Tilray Inc (TLRY.TO) plunged 14.2%, and Bausch Health Companies (BHC.TO) ended nearly 2% down.

Among technology stocks, Shopify Inc (SHOP.TO) ended nearly 5.5% down. BlackBerry (BB.TO), Tecsys Inc (TCS.TO), Lightspeed Commerce (LSPD.TO) and Coveo Solutions (CVO.TO) lost 2.5 to 3.4%.

Energy stocks Africa Oil Corp (AOI.TO), International Petroleum Corporation (IPCO.TO), Vermilion Energy (VET.TO), Peyto Exploration and Development (PEY.TO), Paramount Resources (POU.TO), Crescent Poine Energy (CPG.TO) and Whitecap Resources (WCP.TO) ended lower by 1 to 4.6%.

Nutrien (NTR.TO), Teck Resources (TECK.A.TO), Magna International (MG.TO), goeasy (GSY.TO), Canadian Pacific Kansas City (CP.TO), Constellation Software (CSU.TO) and BRP Inc (DOO.TO) lost 1 to 2.5%.

Seabridge Gold Inc (SEA.TO) and Softchoice Corporation (SFTC.TO) climbed 6.5% and 6.3%, respectively. Russel Metals (RUS.TO), Wajax Corporation (WJX.TO), FirstService Corporation (FSV.TO), ATS Corporation (ATS.TO), Restaurant Brands International (QSR.TO), Docebo Inc (DCBO.TO), Agnico Eagle Mines (AEM.TO) and Descartes Systems (DSG.TO) gained 1 to 2.5%.

On the economic front, data from Canada Mortgage and Housing Corporation showed housing starts in Canada fell by 1% over a month earlier to 252,787 units in August.

Data from Statistics Canada showed raw materials prices in Canada declined by 4.3% year-on-year in August, following a revised 11% fall in the previous month. Raw materials prices rose by 3% month-over-month in August, slowing from a 3.5% increase in July.

Producer prices in Canada fell 0.5% in August over the same month in the previous year. Prices jumped by 1.3% over the previous month in August, the first rise since October 2022.

Indian Shares Follow Global Peers Lower; Private Banks Drag

Indian shares traded lower on Tuesday, mirroring weak cues from global markets amid rising economic and policy uncertainty.

RTTNews | Pred 1 h 46 min

Australian Market Holds Early Gains In Mid-market

The Australian stock market is holding on to the early gains in mid-market trading on Tuesday, reversing the losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well above the 8,550 level, with gains in mining, financial and energy partially offset by weakness in technology stocks.

RTTNews | Pred 2 h 39 min

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, as traders continue to be optimistic about the outlook for interest rates following recent dovish comments from leading US Fed officials and weak US manufacturing data. However, the release of key U.S. economic data in the coming days could impact Fed officials' thinking.

RTTNews | Pred 3 h 13 min

Indian Shares Set For Muted Open

Indian shares are likely to open on a muted note Tuesday as traders react to significant crypto liquidations and rising Treasury yields.

RTTNews | Pred 3 h 38 min

Thai Stock Market May Run Out Of Steam On Tuesday

The Thai stock market has moved higher in back-to-back sessions, advancing almost 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,275-point plateau although it may be stuck in neutral on Tuesday.

RTTNews | Pred 4 h 10 min

Indonesia Stock Market May Head South Again On Tuesday

The Indonesia stock market on Monday snapped the two-day slide in which it had surrendered almost 100 points or 1.1 percent. The Jakarta Composite Index now sits just shy of the 8,550-point plateau although it may hand back those gains on Tuesday.

RTTNews | Pred 4 h 40 min

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Tuesday, reversing the losses in the previous session, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 49,450 level, with gains in financial and technology stocks partially offset by weakness in automakers and exporter stocks.

RTTNews | Pred 4 h 53 min

Hong Kong Shares Tipped To Open In The Red

The Hong Kong stock market bounced higher again on Monday, one session after ending the four-day winning streak in which it had rallied more than 725 points or 2.8 percent. The Hang Seng now sits just above the 26,030-point plateau and it's expected to turn lower again on Tuesday.

RTTNews | Pred 4 h 55 min

EURUSD	1.16089	GBPUSD	1.32134	AUDUSD	0.65524
USDJPY	155.679	USDCAD	1.39998	USDCHF	0.80461