TSX Ends Modestly Higher

RTTNews | vor 1015 Tagen

(RTTNews) - The Canadian market ended modestly higher on Tuesday, led by gains in energy stocks after oil prices rose sharply on hopes of an uptick in demand from China.

Several stocks from financials and materials sectors moved higher. Shares from utilities, consumer staples and communications sectors drifted lower.

The benchmark S&P/TSX Composite Index ended with a gain of 96.08 points or 0.47% at 20,725.00 after scaling a low of 20,541.59 and a high of 20,775.72 intraday.

The Energy Capped Index climbed 2.78%. Enerplus Corp (ERF.TO), Baytex Energy (BTE.TO), Athabasca Oil Corp (ATH.TO), Crescent Point Energy (CPG.TO), Parex Resources (PXT.TO), MEG Energy Corp (MEG.TO), Vemilion Energy (VET.TO), Cenovus Energy (CVE.TO) and Paramount Resources (POU.TO) gained 4 to 6%.

Financials shares Laurentian Bank (LB.TO), CDN Western Bank (CWB.TO), Bank of Nova Scotia (BNS.TO), Canadian Imperial Bank of Commerce (CM.TO), Toronto-Dominion Bank (TD.TO) and Fairfax Financial Holdings (FFH.TO) gained 1 to 2%.

In the materials section, Lithium Americas Corp (LAC.TO) surged nearly 10% after the company received a favorable ruling from the US District Court, District of Nevada, for the appeal filed against the Bureau of Land Management for the issuance of the Record of Decision relating to the Company's 100%-owned Thacker Pass project located in Humboldt Country, Nevada.

First Quantum Minerals (FM.TO) climbed 7.25%, and K92 Mining Corp (KNT.TO) gained 4.57%. Winpak (WPK.TO) rallied nearly 4%. Ero Copper (ERO.TO), Torex Gold Resources (TXG.TO), Methanex Corp (MX.TO), West Fraser Timber (WFG.TO), Canfor Corp (CFP.TO) and Iamgold Corp (IMG.TO) gained 2 to 3%.

Coveo Solutions (CVO.TO) ended nearly 6% down. The company reported a net loss of $10.0 million for the third quarter, as against net income of $426.3 million in the year-ago quarter.

On the economic front, Canada posted a trade deficit of C$ 160 million in December 2022, down from an upwardly revised shortfall of C$ 220 million in the previous month.

Total exports fell 1.2% over a month earlier to C$ 63.0 billion in December, the lowest level since February 2022. Imports fell 1.3% to C$ 63.1 billion, the lowest level since March 2022.

Asian Markets Trade Mostly Higher

Asian markets are trading mostly higher on Wednesday, despite the negative cues from Wall Street overnight, as traders look to pick up stocks at a bargain following the three-day sell-off in the markets. They are also cautious ahead to the release of some US economic data that was delayed, including the September jobs report on Thursday for clues on the outlook for interest rates.

RTTNews | vor 1Std 7 Minuten

Indian Shares Seen Little Changed With Focus On Trade Deal

Indian markets look set to open on a flat note Wednesday as investors watch the latest developments on the India-U.S. trade deal.

RTTNews | vor 1Std 33 Minuten

Thai Stock Market May Extend Tuesday's Losses

The Thai stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had given up more than 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,270-point plateau and it's got another weak lead for Wednesday's trade.

RTTNews | vor 2Std 17 Minuten

Japanese Market Slightly Higher

The Japanese stock market is slightly higher on Wednesday after opening in the green and briefly slipping in to the red, reversing some of the losses in the previous three sessions, following the negative cues from Wall Street overnight. The Nikkei 225 is staying above the 48,700 level, with gains in automakers and index heavyweights partially offset by weakness in financial and technology stocks.

RTTNews | vor 2Std 32 Minuten

Lower Open Called For Indonesia Stock Market

The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had slipped almost 20 points or 0.3 percent. The Jakarta Composite Index now sits just above the 8,360-point plateau although the losses may accelerate on Wednesday.

RTTNews | vor 2Std 47 Minuten

Hong Kong Shares Expected To Open In The Red

The Hong Kong stock market has finished lower in three straight sessions, slumping almost 1,150 points or 4.3 percent along the way. The Hang Seng Index now rests just above the 25,900-point plateau and it may extend its losses on Wednesday.

RTTNews | vor 3Std 2 Minuten

Australian Market Slightly Higher

Australian shares are trading slightly higher on Wednesday, reversing some of the sharp losses in the previous session, with the benchmark S&P/ASX 200 staying well above the 8,450 level, despite the broadly negative cues from Wall Street overnight, with gains in gold miner stocks partially offset by weakness in financial stocks. Most other sectors are performing mixed.

RTTNews | vor 3Std 9 Minuten

U.S. Dollar Advances Against Most Majors

The U.S. dollar strengthened against its most major counterparts in the New York session on Tuesday.

RTTNews | vor 3Std 15 Minuten

EURUSD	1.1579	GBPUSD	1.31392	AUDUSD	0.64887
USDJPY	155.28	USDCAD	1.39969	USDCHF	0.80016