Ładowanie...

Advertisement

TSX Posts Biggest Single-session Drop In Over 2 Years

RTTNews | 1145 dni temu

TSX Posts Biggest Single-session Drop In Over 2 Years

(RTTNews) - The Canadian market suffered its worst single-session loss in more than two years on Thursday as stocks tumbled amid mounting fears of a possible recession in the foreseeable future due to aggressive policy tightening by central banks.

Following the Federal Reserve's announcement of a 75-basis point hike in interest rate on Wednesday, the Bank of England and the Swiss National Bank raised their lending rates today, aiming to fight the soaring inflation.

Energy, consumer discretionary, real estate, healthcare, technology, financials and industrials stocks plunged sharply. Several stocks from other sectors too took a severe beating.

The benchmark S&P/TSX Composite Index ended with a loss of 607.50 points or 3.1% at 19,004.06, after dropping to a low of 18,952.69.

None of the sectoral indices made it to positive territory today. The Materials Index, which suffered a notable loss of nearly 1%, was the least hit in the sell-off. The Energy Capped Index drifted down 5.3%. The indices tracking the performances of stocks from communications, technology, healthcare, consumer discretionary and real estate sectors shed 3.3 to 5%.

Several stocks from financials, industrials, utilities and consumer staples sectors too closed sharply lower.

CargoJet (CJT.TO) ended more than 19% down. Canadian Tire Corporation (CTC.TO) and Nuvei Corporation (NVEI.TO) ended lower by 14% and 10.7%, respectively.

Magna International (MG.TO), Precision Drilling (PD.TO), Canadian Natural Resources (CNQ.TO), Shopify Inc (SHOP.TO), West Fraser Timber (WFG.TO), Goeasy (GSY.TO), Kinaxis Inc (KXS.TO) and Colliers International (CIGI.TO) declined 5 to 8%.

Agnico Eagle Mines (AEM.TO), Newcrest Mining (NCM.TO), Enghouse Systems (ENGH.TO), Barrick Gold Corporation (ABX.TO) gained 2.5% to 5%.

On the economic front, data released by Statistics Canada showed wholesale sales in Canada dropped 0.5% month-over-month to C$ 79.8 billion in April of 2022, well below preliminary estimates of a 0.2% increase.

read more

U.S. Service Sector Growth Unexpectedly Slows In July

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.

RTTNews | 1g 40 minut temu

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.

RTTNews | 2g 26 minut temu

U.S. Trade Deficit Narrows Slightly More Than Expected In June

U.S. Trade Deficit Narrows Slightly More Than Expected In June

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday.

RTTNews | 3g 31 minut temu

Eurozone Private Sector Continues To Expand

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.

RTTNews | 3g 33 minut temu

Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.

RTTNews | 3g 45 minut temu

FTSE 100 Advances On Upbeat Earnings

FTSE 100 Advances On Upbeat Earnings

The UK market is modestly higher on Tuesday, extending gains from previous session, thanks to some upbeat corporate earnings announcements, and expectations that the Federal Reserve will cut interest rate in the near future to spur economic growth.

RTTNews | 4g 13 minut temu

Pound Rises As Traders Await BoE Monetary Policy Meeting

Pound Rises As Traders Await BoE Monetary Policy Meeting

The British pound strengthened against other major currencies in the European session on Tuesday, as traders shift their focus to the Bank of England's (BoE) monetary policy announcement on Thursday.

RTTNews | 4g 24 minut temu

CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French stock market is modestly higher Tuesday afternoon with investors mostly reacting to earnings updates and a mixed batch of regional economic data. Expectations of a rate cut by the Federal Reserve sometime soon aid sentiment a bit.

RTTNews | 4g 45 minut temu

Warunki | Prywatność | Mapa serwisu | Site Map Calendar

© 2025 Myfxbook Ltd. Wszelkie Prawa Zastrzeżone.

Ostrzeżenie o wysokim ryzyku: handel walutami obcymi wiąże się z wysokim poziomem ryzyka, który może nie być odpowiedni dla wszystkich inwestorów. Dźwignia stwarza dodatkowe ryzyko i ryzyko straty. Zanim zdecydujesz się na handel walutami, dokładnie przemyśl swoje cele inwestycyjne, poziom doświadczenia i tolerancję ryzyka. Możesz stracić część lub całość początkowej inwestycji. Nie inwestuj pieniędzy, których nie możesz stracić. Zbadaj ryzyko związane z handlem walutami i zasięgnij porady niezależnego doradcy finansowego lub podatkowego, jeśli masz jakiekolwiek pytania. Wszelkie dane i informacje są dostarczane "tak, jak są" wyłącznie w celach informacyjnych i nie są przeznaczone do celów handlowych ani konsultacji. Wcześniejsze wyniki nie są wskaźnikiem przyszłych wyników.