TSX Up 0.7% As Technology, Energy Stocks Rise Sharply

RTTNews | 731 dni temu

(RTTNews) - The Canadian market remains firmly entrenched in positive territory Friday afternoon with stocks from several sectors holding their gains thanks to sustained buying interest.

Technology, healthcare, energy, materials and industrials shares are among the prominent gainers.

Encouraging Canadian GDP data, and rising expectations the Federal Reserve will end its tightening cycle soon, contribute to the positive mood in the market.

The benchmark S&P/TSX Composite Index is up 142.70 points or 0.7% at 20,528.17.

Data from Statistics Canada showed the Canadian economy grew 0.3% in May. Meanwhile, preliminary estimates show the economy may have contracted by 0.2% in June.

Celestica Inc (CLS.TO) is soaring 15.2%. The company reported adjusted net earnings per share of $0.55 for the second quarter, compared to $0.44 in the year-ago quarte. The company has also raised its earnings guidance for the year.

Imperial Oil Limited (IMO.TO) shares are up 4.7%. The company reported second-quarter net income of $675 million or $1.15 per share on a diluted basis, compared to $2,409 million or $3.63 per share in the second quarter of 2022. The company cited lower commodity prices and increased planned planned turnaround activity as the reason for the lower net earnings.

Toromont Industries (TIH.TO) is gaining 6%. Methanex Corporation (MX.TO), Precision Drilling Corp (PD.TO), Teck Resources (TECK.A.TO) and Shopify Inc (SHOP.TO) are up 3 to 4%.

Molson Coors Canada (TPX.B.TO), Canadian National Railway (CNR.TO), TFI International (TFII.TO), Constellation Software (CSU.TO), Thomson Reuters (TRI.TO), WSP Global (WSP.TO) and Fairfax Financial Holdings (FFH.TO) are up 1 to 2.6%.

Canadian Pacific Kansas City (CP.TO) reported second-quarter net income of $1,325 million, compared to $765 million in the year-ago quarter. The stock is gaining about 0.5%.

TC Energy Corp (TRP.TO) is down 5.6% after the company reported second-quarter net income of $0.3 billion or $0.24 per common share compared to $0.9 billion or $0.90 per common share in second quarter 2022.

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming is early losses in mid-market trading on Tuesday, reversing the slight gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,700 level, with weakness in financial and technology stocks partially offset by some gains in energy stocks.

RTTNews | 36 minut temu

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Tuesday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead of the U.S. interest rate decision later in the week and as they await the outcome of the U.S.-China trade talks. Meanwhile, several European leaders voiced concerns over the EU-U.S. trade deal, calling it 'lopsided' and 'unsustainable'.

RTTNews | 43 minut temu

Sensex, Nifty Set To Extend Losses On Trade Deal Uncertainty

Indian shares are seen opening lower on Tuesday after several European leaders voiced concerns over the EU-U.S. trade deal, calling it 'lopsided' and 'unsustainable'.

RTTNews | 1g 19 minut temu

Thai Shares Likely To Remain Rangebound

Ahead of Monday's holiday for King Maha's birthday, the Thai stock market had alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had spiked more than 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just above the 1,215-point plateau and it's expected to remain in that neighborhood again on Tuesday.

RTTNews | 1g 59 minut temu

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight, with the Nikkei 225 falling well above the 39,700 level, with weakness across all sectors led by automakers, exporters and financial stocks.

RTTNews | 2g 28 minut temu

Win Streak May End For Indonesia Stock Market

The Indonesia stock market has moved higher in four straight sessions, advancing more than 260 points or 2.8 percent along the way. The Jakarta Composite Index now sits just above the 7,610-point plateau although investors are likely to cash in on Tuesday.

RTTNews | 2g 29 minut temu

Hong Kong Shares Tipped To Open Under Pressure

The Hong Kong stock market rebounded on Monday, one session after ending the five-day winning streak in which it had rallied almost 1,300 points or 5.1 percent. The Hang Seng Index now sits just above the 25,560-point plateau although it may hand back those gains on Tuesday.

RTTNews | 2g 44 minut temu

China Shares May Head South Again On Tuesday

The China stock market moved back to the upside again on Monday, one session after halting the six-day winning streak in which it had advanced more than 100 points or 2.8 percent. The Shanghai Composite Index now sits just beneath the 3,600-point plateau although it may spin its wheels again on Tuesday.

RTTNews | 2g 59 minut temu

EURUSD	1.15829	GBPUSD	1.33409	AUDUSD	0.65201
USDJPY	148.356	USDCAD	1.37382	USDCHF	0.80366

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TSX Up 0.7% As Technology, Energy Stocks Rise Sharply