TSX Modestly Higher, Set For Another Positive Close

RTTNews | 231天前
TSX Modestly Higher, Set For Another Positive Close

(RTTNews) - The Canadian market looks set to end on a positive note on Wednesday thanks to strong gains in industrials and technology sectors.

Concerns about tariff threats by U.S. President Donald Trump appear to be limiting market's upside. The U.S. President has repeated his threat to impose tariffs on imports from European countries. He also said his administration was discussing imposing an additional 10% tariff on goods imported from China, starting in February.

Tech stocks are gaining in strength thanks to upbeat sales and earnings reported by Netflix, and Oracle's continued rise on U.S. President Donald Trump's announcement of a private sector investment of up to $500 billion to fund artificial intelligence infrastructure.

The benchmark S&P/TSX Composite Index is up 70.87 points or 0.28% at 25,352.50 with about an hour to go for the closing bell.

Technology stocks Sylogist (SYZ.TO) and Celestica Inc (CLS.TO) are up 6.3% and 3.7%, respectively. Coveo Solutions (CVO.TO), Enghouse Systems (ENGH.TO), Descartes Systems Group (DSG.TO), Contellation Software (CSU.TO), BlackBerry (BB.TO) and CGI Inc (GIB.A.TO) are up 1 to 2%.

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Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

After a brief spell in positive territory early on in the session on Wednesday, the Switzerland market turned a bit easy and moved along the flat line till around mid afternoon before losing ground to eventually close on a negative note.
RTTNews | 3小时10分钟前
European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

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RTTNews | 3小时40分钟前
U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.
RTTNews | 6小时53分钟前
U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.
RTTNews | 7小时15分钟前
U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.
RTTNews | 8小时34分钟前
Bay Street Seen Opening Higher

Bay Street Seen Opening Higher

Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.
RTTNews | 8小时43分钟前
Major European Markets In Positive Territory In Cautious Trade

Major European Markets In Positive Territory In Cautious Trade

The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.
RTTNews | 9小时17分钟前