TSX Ends Modestly Higher

RTTNews | 767 dias atrás

(RTTNews) - The Canadian market ended higher on Thursday, led by gains in communications, utilities and materials sectors.

The market started off on a weak note, but swiftly moved into positive territory, and despite very nearly falling below the flat line around noon, recovered and stayed firm to eventually finish the session modestly higher.

The benchmark S&P/TSX Composite Index ended with a gain of 103.00 points or 0.54% at 19,137.81, about 20 points off the day's high of 19,157.53.

The Communications Services Capped Index surged 2.05%. Rogers Communications (RCI.B.TO) gained 1.5% and Telus Corp (T.TO) climbed nearly 2%. BCE Inc (BCE.TO) and Quebecor (QBR.B.TO) ended higher by 2.1% and 3.1%, respectively.

Transalta Corp (TA.TO), up nearly 7%, was the top gainer in the Utilities index. Innergex Renewable Energy (INE.TO) climbed 4.7%. Transalta Renewables (RNW.TO) and Emera Corp (EMA.TO) were among the other major gainers in the sector.

Materials shares Fortuna Silver (FVI.TO), Lundin Mining Corp (LUN.TO), Labrador Iron Ore (LIF.TO), Alamos Gold (AGI.TO) and Eldorado Gold (ELD.TO) gained 2.5 to 4.1%.

BlackBerry Limited (BB.TO) plunged more than 11% after the company aid it plans to separate the internet of things or IoT and Cybersecurity business units into two independently-operated entities. The company noted that the main objective of the separation is to pursue a subsidiary initial public offering for the IoT business, with a launch targeted in the first half of the next fiscal year.

Suncor Energy (SU.TO) announced today that it has agreed to purchase TotalEnergies EP Canada Ltd., which holds a 31.23% working interest in the Fort Hills oil sands mining project (Fort Hills) for $1.468 billion. The stock edged up marginally.

On the economic front, the Ivey Purchasing Managers Index in Canada eased to 53.1 in September, from August's 53.5.

Data from Statistics Canada showed Canada posted a trade surplus of C$ 0.72 billion in August, the first trade surplus since April, from a downwardly revised deficit of C$ 0.44 billion in July.

Exports soared by 5.7% to C$ 64.56 billion, marking the strongest increase since October 2021. Imports rose by 3.8% to C$ 63.84 billion.

Japan Shares May Extend Monday's Gains

The Japan stock market has moved higher in two of three trading days since the end of the two-day slide in which it had plunged nearly 2,200 points or 4.2 percent. The Nikkei 225 now rests just above the 50,900-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The Nikkei finished sharply higher on Monday following gains from the financial shares and technology stocks, while the automobile producers were mixed. For the day, the index jumped 635.39 points or 1.26 percent to finish at 50,911.76 after trading between 50,392.44 and 50,969.50. Among the actives, Nissan Motor accelerated 2.11 percent, while Mazda Motor stumbled 2.06 percent, Toyota Motor rose 0.42 percent, Honda Motor plunged 4.67 percent, Softbank Group spiked 2.56 percent, Mitsubishi UFJ Financial and Mizuho Financial both collected 0.67 percent, Sumitomo Mitsui Financial added 0.65 percent, Mitsubishi Electric gathered 0.33 percent, Sony Group improved 0.59 percent, Panasonic Holdings perked 0.15 percent and Hitachi rallied 2.15 percent. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | 1 h 15 min atrás

KOSPI May Break Through 4,100-Point Barrier

The South Korea stock market has tracked higher in two of three trading days since the end of the two-day slide in which it had plummeted almost 220 points or 5 percent. The KOSPI sits just beneath the 4,075-point plateau and it's tipped to open in the green again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The KOSPI finished sharply higher on Monday with gains across the board, especially among the financial shares, technology stocks and industrials. For the day, the index surged 119.48 points or 3.02 percent to finish at 4,073.24 after trading between 3,984.24 and 4,092.91. Volume was 334 million shares worth 16.5 trillion won. There were 804 gainers and 98 decliners. Among the actives, Shinhan Financial collected 1.81 percent, while KB Financial spiked 4.28 percent, Hana Financial vaulted 4.57 percent, Samsung Electronics jumped 2.76 percent, Samsung SDI strengthened 2.94 percent, LG Electronics climbed 1.47 percent, SK Hynix rallied 4.48 percent, LG Chem expanded 3.93 percent, Lotte Chemical skyrocketed 7.12 percent, SK Innovation accelerated 3.97 percent, POSCO Holdings improved 1.51 percent, SK Telecom added 0.94 percent, KEPCO soared 4.88 percent, Hyundai Mobis gained 3.62 percent, Hyundai Motor increased 2.46 percent, Kia Motors surged 3.27 percent and Naver was unchanged.

RTTNews | 1 h 30 min atrás

Japan Current Account Data Due On Tuesday

Japan will on Tuesday release September figures for current account, highlighting a modest day for Asia-Pacific economic activity. The current account surplus is seen at 2.26 trillion yen, down from 246.35 trillion yen in the previous month.

RTTNews | 2 h 0 min atrás

Swiss Market Settles On Buoyant Note

The Switzerland market turned in a fine performance on Monday, in line with markets across the globe, amid hopes the U.S. government shutdown will end soon.

RTTNews | 5 h 43 min atrás

European Markets Close On Strong Note On Hopes Of End To US Government Shutdown

European stocks closed on a strong note on Monday and most of the major markets rebounded from multi-week lows posted in the previous session, as rising prospects of an end to the government shutdown in the U.S., helped underpin sentiment.

RTTNews | 6 h 9 min atrás

Technology, Materials Stocks Climb Higher; TSX Up Over 1%

After with a strong positive gap and moving further up north, the Canadian market remains high up in positive territory around noon on Monday with stocks from materials and technology sectors scoring impressive gains. The mood in the market is quite bullish amid prospects of an end to the US government shutdown.

RTTNews | 7 h 10 min atrás

Bay Street Looks Set To Open On Firm Note

Canadian stocks are likely to open on a firm note on Monday, riding on higher commodity prices and prospects of an end to the government shutdown in the U.S.

RTTNews | 10 h 50 min atrás

Dollar Declines Amidst Uncertain Fed Policy Outlook

The U.S. Dollar slipped during the week ended November 7 amidst uncertainty surrounding the Fed's monetary policy outlook.

RTTNews | 11 h 34 min atrás

EURUSD	1.15565	GBPUSD	1.31734	AUDUSD	0.65348
USDJPY	154.11	USDCAD	1.40207	USDCHF	0.80512