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%.

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Tuesday.

RTTNews | 1 h 37 min atrás

Europe Car Sales Increase In November

Europe's new car registrations increased for the fifth straight month in November, driven by robust growth in battery electric cars sales, data from the European Automobile Manufacturers' Association, or ACEA, showed Tuesday. Car registrations grew 2.1 percent year-on-year in November but slower that the 5.8 percent rise seen in October.

RTTNews | 3 h 21 min atrás

European Economic News Preview: German Import Price Data Due

Import prices from Germany and revised GDP data from Spain are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to issue Germany's import price data. Economists expect import prices to grow 0.2 percent month-on-month in November, the same rate as in October. In the meantime, producer price figures are due from Sweden.

RTTNews | 3 h 53 min atrás

Cautious Optimism Expected In European Markets

Stock markets in Europe are expected to trade on a cautiously optimistic note on Tuesday amidst rising geopolitical tensions, Fed rate cut hopes, thin holiday trade as well as mixed reactions to tech valuations.

RTTNews | 4 h 32 min atrás

RBA Minutes: Policymakers Discussed Rate Hike Scenario

Policymakers of the Reserve Bank of Australia discussed scenarios in which policy tightening may need to be considered, the minutes of the meeting held on December 8 and 9 showed Tuesday. Members became less confident that monetary policy remains restrictive, the minutes showed. Policymakers assessed that inflationary pressures could be a little more persistent than had been previously estimated

RTTNews | 4 h 35 min atrás

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 | 7 h 2 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 | 7 h 11 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 | 7 h 14 min atrás

EURUSD	1.17834	GBPUSD	1.35026	AUDUSD	0.66899
USDJPY	155.903	USDCAD	1.37138	USDCHF	0.78824