TSX Ends Moderately Lower

RTTNews | Před 821 dny

(RTTNews) - The Canadian market ended on a weak note on Thursday after languishing in negative territory right through the day's session.

Concerns about interest rate resurfaced after data showed a bigger than expected increase in U.S. producer prices. Some disappointing earnings updates from Canadian companies hurt as well.

The benchmark S&P/TSX Composite Index ended with a loss of 113.97 points or 0.55% at 20,606.42. The index, which touched a low of 20,531.48 in early trades, recovered to 20,706.16 later on in the session, but dropped almost 100 points from there subsequently.

Technology stocks declined sharply, pushing the Information Technology Capped Index by 5.23%. Energy stocks were the other major losers. Materials and consumer discretionary stocks found some support, while shares from rest of the sectors ended mixed.

Shopify Inc (SHOP.TO) plunged nearly 16%. Shopify posted earnings per share of 7 cents in the fourth quarter. The company expects year-on-year revenue growth in the high-teen percentages, worse than the consensus estimate of a 23% year-over-year growth.

Tecsys Inc (TCS.TO), Softchoice Corp (SFTC.TO) and Lightspeed Commerce (LSPD.TO) shed 5.82%, 4.44% and 4.42%, respectively.

Cenovus Energy (CVE.TO), down 4.46%, was the biggest loser in the Energy Index. Cenovus reported fourth quarter net income of C$784 million or C$0.39 per share compared to a net loss of C$408 million or C$0.21 per share, previous year.

MTY Food Group Inc. (MTY.TO) shares declined sharply on lower earnings. The company reported fourth-quarter net income of $7.1 million, or $0.29 per diluted share, compared with net income of $24.9 million, or $1.00 per diluted share a year ago.

Manulife Financial (MFC.TO) reported fourth-quarter earnings of C$1.89 billion, or C$0.95 per share, compared with C$2.08 billion, or C$0.1.03 per share in the year-ago quarter. The stock gained about 3.8%.

Canadian Tire Corporation (CTC.TO) gained 5.3% after reporting fourth-quarter net income of C$562.6 million, compared with net income of C$535.7 million in the year-ago quarter.

Teck Resources (TECK.B.TO) climbed nearly 5% on strong volumes. Air Canada (AC.TO) and Algonquin Power & Utilities Corp (AQN.TO) also ended notably higher on huge volumes.

U.S. Dollar Higher On Trade Hopes

The U.S. dollar appreciated against its major counterparts in the New York session on Friday, as investors focused on developments on the trade front.

RTTNews | Před 1 dnem

Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

After a positive start and a subsequent rise to higher levels Friday morning, the Switzerland market remained firm despite paring some gains, and ended the day's session on a bright note. Data showing a sharp jump in Swiss industrial production in the first-quarter aided sentiment.

RTTNews | Před 1 dnem

European Stocks Close Week On Positive Note

European stocks closed higher on Friday thanks to easing trade tensions following the announcement of the U.S.-China deal earlier in the week, and reports that the EU bloc's talks with the U.S. for a reduction in tariffs are making positive progress.

RTTNews | Před 1 dnem

Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian stocks are turning in a mixed performance a little past noon on Friday after recovering from an early setback. Investors appear to be making cautious moves after eight straight days of gains that saw the market climb to a new record high on Thursday.

RTTNews | Před 1 dnem

U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index dipped to 50.8 in May after slumping to 52.2 in April. Economists had expected the index to inch up to 53.4.

RTTNews | Před 1 dnem

U.S. Import, Export Prices Unexpectedly Inch Higher In April

The Labor Department released a report on Friday unexpectedly showing modest increases by both U.S. import and export prices in the month of April. The report said import prices crept up by 0.1 percent in April after falling by a downwardly revised 0.4 percent in March.

RTTNews | Před 1 dnem

U.S. Housing Starts Rebound Less Than Expected In April, Building Permits Pull Back Sharply

While the Commerce Department released a report on Friday showing a rebound by new residential construction in the U.S. in the month of April, the report also showed a substantial pullback by building permits during the month.

RTTNews | Před 1 dnem

Eurozone Trade Surplus Surges On Exports To US

The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.

RTTNews | Před 1 dnem

EURUSD	1.11549	GBPUSD	1.32809	AUDUSD	0.64069
USDJPY	145.873	USDCAD	1.39826	USDCHF	0.83882

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TSX Ends Moderately Lower