Canadian Market Down In Negative Territory

RTTNews | Pred 836 dňami

(RTTNews) - The Canadian market is down in negative territory Thursday afternoon, weighed down by losses in real estate, communications, materials and utilities sectors.

Healthcare stocks are finding support, while shares from other sectors are turning in a mixed performance.

Investors are largely reacting to quarterly earnings news from Canadian companies.

The benchmark S&P/TSX Composite Index is down 144.09 points or 0.7% at 20,417.55.

Aecon Group Inc. (ARE.TO) shares are plunging more than 16%. Colliers International (CIGI.TO) is down 7.4%. West Fraser Timber (WFG.TO), Agnico Eagle Mines (AEM.TO), Franco-Nevada Corporation (FNV.TO), Molson Coors Canada (TPX.B.TO) and Kinaxis Inc (KXS.TO) are down 2 to 3%.

TFI International (TFII.TO), Waste Connections (WCN.TO), Bank of Montreal (BMO.TO) and Canadian Tire Corporation (CTC.A.TO) are also notably lower.

Ag Growth International (AFN.TO) rallied 2.6%. Teck Resources (TECK.A.TO) and Fairfax Financial Holdings (FFH.TO) are down 2.4% and 2%, respectively.

Cenovus Energy Inc. (CVE.TO) is gaining more than 3% after the company reported second-quarter net earnings of $866 million, compared with $636 million in the previous quarter.

Canadian Utilities Ltd. (CU.TO) reported adjusted net earnings of $100 million, or $0.37 per share for the second quarter, compared to $136 million, or $0.51 per share, in the second quarter of the previous year. The stock is down 1.5%.

FirstService Corporation (FSV.TO) is down more than 1% despite a surge in quarterly earnings. The company reported consolidated revenues of $1.12 billion for the second quarter, up 20% compared to consolidated revenues in the year-ago quarter.

ATCO Ltd. (ACO.TO) is down 2.5%. The company yposted adjusted net earnings of $87 million ($0.77 per share) in the second quarter, $5 million ($0.04 per share) lower compared to $92 million ($0.81 per share) in the second quarter of 2022.

On the economic front, a report from the Canadian Federation of Independent Business said Canada's CFIB Business Barometer long-term optimism index edged higher by 0.2 points from the previous month to 54.2 in July.

European Shares Seen Opening Up As US Shutdown Ends

European stocks are likely to open higher on Monday after U.S. Senators passed a deal that could end the longest government shutdown in history.

RTTNews | Pred 3 h 10 min

Sensex, Nifty Edge Higher As US Senators Reach Deal To End Shutdown

Indian shares were slightly higher on Monday after the U.S. Senate voted 60-40 on Sunday on a key step to end the government shutdown, advancing a funding bill after weeks of gridlock.

RTTNews | Pred 4 h 0 min

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market trading on Monday, reversing the losses in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,800.00 level, with gains in mining and technology stocks and a mixed performance in most other sectors.

RTTNews | Pred 5 h 31 min

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, as traders cheer reports the U.S. Senate is nearing a potential deal to extend government funding after the record 40-day long US government shutdown. Major currencies in the region also strengthened against the US dollar. Asian markets closed mostly lower on Friday.

RTTNews | Pred 5 h 44 min

Sensex, Nifty Seen Flat To Tad Higher At Open

Indian shares may open on a positive note Monday after reports emerged that the U.S. Senate is nearing a potential deal to extend government funding.

RTTNews | Pred 6 h 22 min

Lower Open Anticipated For Thai Stock Market

The Thai stock market headed south again on Friday, one day after ending the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,300-point plateau and it's looking at another soft start again on Monday.

RTTNews | Pred 6 h 56 min

Win Streak May End For Indonesia Stock Market

The Indonesia stock market has moved higher in three straight sessions, collecting almost 160 points or 1.2 percent along the way. The Jakarta Composite Index now sits just beneath the 8,400-point plateau although the rally may stall on Monday.

RTTNews | Pred 7 h 26 min

Steady Start Seen For Hong Kong Stock Market

The Hong Kong stock market turned lower again on Friday, one day after ending the two-day slide in which it had dropped more than 220 points or 0.8 percent. The Hang Seng Index now rests just above the 26,240-point plateau and it may see mild upside on Monday.

RTTNews | Pred 7 h 41 min

EURUSD	1.15665	GBPUSD	1.3158	AUDUSD	0.65282
USDJPY	154.051	USDCAD	1.4017	USDCHF	0.80579