TSX Ends Lower For 6th Straight Day, Settles Near 1-year Low

RTTNews | 574天前

(RTTNews) - The Canadian market ended weak on Wednesday, extending losses to a sixth straight day, and the longest losing streak in four months, amid concerns about interest rates and the outlook for economic growth.

Worries about the conflict in the Middle East, and higher bond yields hurt as well.

The benchmark S&P/TSX Composite Index ended down 38.64 points or 0.2% at 18,947.85, the lowest close in 12 months.

The Bank of Canada decided to leave interest rate unchanged at 5%, but warned that it is prepared to raise policy rate further if needed as inflationary risks have increased.

The central bank attributed the decision to clearer signs that monetary policy is moderating spending and relieving price pressures. However, the BoC said its Governing Council is concerned that progress towards price stability is slow and inflationary risks have increased and is prepared to raise the policy rate further if needed.

The bank's statement also noted the global economy is slowing and growth is forecast to moderate further as past increases in policy rates and the recent surge in global bond yields weigh on demand.

Nuvei Corporation (NVEI.TO) tanked 10%. Shopify Inc (SHOP.TO), Docebo Inc (DCBO.TO) and Brookfield Infrastructure Corporation (BIPC.TO) lost 5.5 to 7%.

Newmont Corporation (NGT.TO), CGI Inc (GIB.A.TO), West Fraser Timber (WFG.TO) and Constellation Software (CST.TO) also posted sharp losses.

Dye & Durham (DND.TO) plunged 11.5%. Lightspeed Commerce (LSPD.TO) declined 7.4%. BlackBerry (BB.TO), Enghouse Systems (ENGH.TO), Celestica Inc (CLS.TO) and Coveo Solutions (CVO.TO) also declined sharply.

Tilray Inc (TLRY.TO) dropped more than 6%. Bausch Health Companies (BHC.TO) ended nearly 3% down.

Energy stocks Athabasca Oil (ATH.TO), Vermilion Energy (VET.TO), Secure Energy (SES.TO), MEG Energy (MEG.TO), Prairiesky Royalty (PSK.TO), Parex Resources (PXT.TO), Imperial Oil (IMO.TO) and Whitecap Resources (WCP.TO) gained 1.7 to 2.5%.

Australian Market Slightly Trims Early Losses In Mid-market

The Australian market is slightly trimming its early losses in mid-market moves on Thursday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,350 level, with weakness across most sectors led by and technology and energy stocks. Gold miners are the only bright spot.

RTTNews | 36分鐘前

Asian Markets Tracks Wall Street Lower

Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from Wall Street overnight, amid rising treasury yields on concerns about the fiscal impact of a new U.S. tax bill on the country's deficit. The lack of clear progress on new trade deals is also weighing on the markets. Asian markets closed mostly higher on Wednesday.

RTTNews | 57分鐘前

Sensex, Nifty Set To Open Lower After US Selloff

Indian shares may open lower on Thursday as investors react to escalating geopolitical tensions, rising U.S. Treasury yields and a lack of progress on U.S. trade talks with partners.

RTTNews | 1小時23分鐘前

Soft Start Anticipated For Thai Stock Market

The Thai stock market has alternated between positive and negative finishes through the last 11 trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just beneath the 1,180-point plateau and it may tick lower again on Thursday.

RTTNews | 1小時56分鐘前

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 37,100 level, with weakness across most sectors led by index heavyweights and technology stocks.

RTTNews | 2小時26分鐘前

Indonesia Bourse May Hand Back Wednesday's Gains

The Indonesia stock market bounced higher again on Wednesday, one day after snapping the five-day winning streak in which it had rallied more than 310 points or 4.5 percent. The Jakarta Composite Index now rests just above the 7,140-point plateau, although it may head south again on Thursday. The global forecast for the Asian markets is negative on concerns over rising bond yields. The European markets were mixed and the U.S. bourses were sharply lower and the Asian markets also figure to open under pressure.

RTTNews | 2小時26分鐘前

Lower Open Called For Hong Kong Stock Market

The Hong Kong stock market has finished higher in consecutive trading days, accelerating almost 500 points or 2.2 percent along the way. The Hang Seng Index now sits just above the 23,825-point plateau, although it's likely to run out of steam on Thursday.

RTTNews | 2小時41分鐘前

Australian Market Notably Lower

The Australian market is trading notably lower on Thursday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,300 level, with weakness across most sectors led by and technology stocks. Gold miners are the only bright spot.

RTTNews | 2小時44分鐘前

EURUSD	1.13347	GBPUSD	1.34261	AUDUSD	0.64438
USDJPY	143.308	USDCAD	1.38523	USDCHF	0.8245

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TSX Ends Lower For 6th Straight Day, Settles Near 1-year Low