TSX Ends Lower As Technology Stocks Decline

RTTNews | Před 800 dny

(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.

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market moves, but extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains in gold miners, financial and technology stocks.

RTTNews | Před 1 h 29 min

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders continue to express optimism about the outlook for interest rates following the recent dovish comments from some US Fed officials. Asian markets closed mostly higher on Wednesday.

RTTNews | Před 1 h 51 min

Sensex, Nifty Look Set For Positive Start

Higher GIFT Nifty futures, Wall Street's firm close overnight, and steady Asian markets point to a positive start for Indian shares on Thursday. Rising optimism about an interest rate cut by the Federal Reserve in December is likely to trigger another round of buying, although uncertainty around a potential U.S.-Indian trade deal could limit market's upside.

RTTNews | Před 2 h 6 min

Rebound Anticipated For Thai Stock Market

The Thai stock market headed south again on Wednesday, one day after snapping the two-day losing streak in which it had slumped almost 30 points or 2.4 percent. The Stock Exchange of Thailand now sits just above the 1,260-point plateau and it's tipped to move back to the upside on Thursday.

RTTNews | Před 3 h 0 min

Higher Open Predicted For Indonesia Stock Market

The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had gained almost 60 points or 0.78 percent. The Jakarta Composite Index now sits just above the 8,520-point plateau and it may bounce higher again on Thursday.

RTTNews | Před 3 h 30 min

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Wednesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 50,300 level, with gains in across most sectors led by technology and financial stocks.

RTTNews | Před 3 h 43 min

Hang Seng May Break Resistance At 26,000 Points

The Hong Kong stock market has moved higher in three straight sessions, collecting more than 710 points or 2.8 percent along the way. The Hang Seng Index now rests just above the 25,980-point plateau and it may extend its gains on Thursday.

RTTNews | Před 3 h 45 min

China Bourse May Reverse Wednesday's Losses

The China stock market on Wednesday snapped the two-day winning streak in which it had gained more than 35 points or 0.9 percent. The Shanghai Composite Index now sits just above the 3,860-point plateau although it may see renewed support on Thursday.

RTTNews | Před 4 h 0 min

EURUSD	1.16021	GBPUSD	1.32554	AUDUSD	0.65318
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