TSX Recovers After Sharp Early Setback, Ends Roughly Flat

RTTNews | 1127 dias atrás

(RTTNews) - After a weak start and a subsequent spell in the red that lasted well over an hour past noon, the Canadian market slowly emerged into positive territory around mid afternoon, but failed to hold gains and finally ended with a marginal loss on Monday.

Rising concerns about a surge in Covid-19 cases in China, and worries about geopolitical tensions weighed on stocks.

China reported three persons died after contracting Covid, marking first Covid-related deaths the country's mainland reported since May.

The surge in new cases has resulted in China imposing stringent restrictions in several cities, including Beijing and Shanghai.

The mood was down also due to concerns that future attacks by Russia on Ukraine's nuclear power supply could be catastrophic

The benchmark S&P/TSX Composite Index ended with a loss of 3.78 points or 0.02% at 19,977.13. The index dropped to a low of 19,787.05.

Healthcare, energy and technology stocks were among the major losers. Consumer staples and consumer discretionary stocks posted strong gains. A few stocks from industrials and real estate sectors also moved higher.

Bausch Health Companies Inc (BHC.TO) plunged 7.7%. Tilray Inc (TLRY.TO) ended 2.5% down, and Canopy Growth Corp (WEED.TO) closed lower by 1.8%.

Technology stocks Converge Technology Solutions (CTS.TO) and Hut 8 Mining Corp (HUT.TO) dropped 7.6% and 7.4%, respectively. Sylogist (SYZ.TO), Shopify Inc (SHOP.TO), Quarterhill (QTRH.TO), Nuvei Corp (NVE.TO), Alithya Group (ALYA.TO) and Shopify Inc (SHOP.TO) lost 2 to 4%.

Energy stocks Enerplus Corp (ERF.TO), MEG Energy Corp (MEG.TO), Athabasca Oil Corp (ATH.TO), Arc Resources (ARX.TO), Crescent Point Energy (CPG.TO), Whitecap Resources (WCP.TO), Cenovus Energy (CVE.TO) and Precision Drilling Corp (PD.TO) lost 2 to 3.1%.

Consumer discretionary shares Restaurant Brands International (QSR.TO) and Dollarama Inc (DOL.TO) gained 2.6% and 2.15%, respectively.

In the consumer staples section, Primo Water Corp (PRMW.TO) climbed more than 3%, Loblaw Company (L.TO) gained 2.2%, Empire Company (EMP.A.TO) advanced 1.35%, and Weston George (WN.TO) gained 1.2%.

Australian Market Sharply Extends Early Gains In Mid-market

The Australian stock market is sharply expending the early gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,750 level, with gains across most sectors led by financial and technology stocks.

RTTNews | 1 h 20 min atrás

Indian Shares Look Headed For Another Positive Start

It's likely to be a firm start for Indian shares on Tuesday with investors set to track positive cues from Wall Street and Asian markets. A drop in oil prices is also likely to aid sentiment.

RTTNews | 1 h 28 min atrás

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as the markets extend their gains boosted continued strength among technology stocks. Major currencies in the region also strengthened against the US dollar. Asian markets closed mostly higher on Monday.

RTTNews | 1 h 32 min atrás

Canadian Dollar Rises Against U.S. Dollar

The Canadian dollar advanced against the U.S. dollar in the New York session on Monday.

RTTNews | 2 h 54 min atrás

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 3 h 29 min atrás

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 50,400 level, with gains in exporters and financial stocks partially offset by weakness in index heavyweights and technology stocks.

RTTNews | 3 h 35 min atrás

Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 3 h 44 min atrás

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.

RTTNews | 3 h 54 min atrás

EURUSD	1.17756	GBPUSD	1.34849	AUDUSD	0.66674
USDJPY	156.277	USDCAD	1.37365	USDCHF	0.78957