TSX Comes Off 20-month High, Ends Moderately Lower

RTTNews | Pred 672 dňami

(RTTNews) - Canadian stocks closed lower on Tuesday, weighed down by losses in materials and financials sectors.

The mood remained cautious with investors awaiting U.S. inflation data and earnings updates from major U.S. banks.

The benchmark S&P/TSX Composite Index, which tumbled to 20,880.43 in early trades, ended the day's session at 20,970.98, recording a loss of 103.93 points or 0.49%.

Healthcare stock Tilray Inc (TLRY.TO) ended more than 9% down. Bausch Health Companies (BHC.TO) ended 0.8% down.

Materials shares Nutrien (NTR.TO), Ero Copper (ERO.TO), New Gold Inc (NGD.TO), Lundin Mining (LUN.TO), First Quantum Minerals (FM.TO), Novagold (NG.TO), Capstone Mining Corp (CS.TO) and Teck Resources (TECK.B.TO) lost 2.5 to 4%.

K92 Mining Inc (KNT.TO) soared nearly 10% after the company announced that it generated 39,101 oz AuEq or 33,309 oz gold, 2,728,623 lbs copper and 56,502 oz silver in the fourth quarter. Sales during the quarter were 31,931 oz gold, 2,995,585 lbs copper and 61,712 oz silver.

In the financials sector, Toronto-Dominion Bank (TD.TO) and Nuvei Corp (NVEI.TO) lost 4.4% and 4%, respectively. Bank of Montreal (BMO.TO), Manulife Financial (MFC.TO), CDN Western Bank (CWB.TO) and Fairfax Financial Holdings (FFH.TO) ended lower by 1 to 1.5%.

Technology stocks Shopify Inc (SHOP.TO) and Alithya Group (ALYA.TO) gained 3.4% and 3.3%, respectively. Enghouse Systems (ENGH.TO), Docebo Inc (DCBO.TO), Kinaxis Inc (KXS.TO) and Softchoice Corp (SFTC.TO) advanced 1 to 1.5%.

Blackberry (BB.TO) climbed more than 2.5% after Dutch auto manufacturer Stellantis N.V. (STLA) announced the launch of a virtual cockpit platform that will use the QNX Hypervisor from Canadian software company, BlackBerry.

The platform will enable the delivery of infotainment tech to customers that is expected to be 100 times faster than previous processes.

On the economic front, data from Statistics Canada showed the nation recorded a trade surplus of C$ 1.6 billion in November of 2023, narrowing considerably from the C$ 3.2 billion surplus in the previous month. Exports edged down 0.6% to $65.74 billion in the month, while imports increased 1.9% to C$64.2 billion.

Another data from Statistics Canada showed the total value of building permits in Canada fell by 3.9% from a month earlier to $10.9 billion in November 2023, reversing an upwardly revised 3% growth in the preceding month.

European Markets Close On Firm Note

European stocks closed on a positive note on Tuesday as the passage of a short-term funding bill late Monday raised the possibility of the longest government shutdown in U.S. history coming to an end soon.

RTTNews | Pred 1 h 8 min

Bay Street May Open Higher Again

Canadian stocks may open higher on Tuesday, riding on firm commodity prices. The passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history, is likely to aid sentiment.

RTTNews | Pred 5 h 15 min

UK Unemployment Rate Highest Since 2021

The UK unemployment rate increased to the highest since early 2021 in the third quarter, raising chances of an interest rate cut, official data revealed on Tuesday. The ILO jobless rate rose to 5.0 percent in the third quarter from 4.8 percent in the three months to August, the Office for National Statistics said. The rate was above economists' forecast of 4.9 percent.

RTTNews | Pred 6 h 10 min

FTSE 100 Rises On Rate Cut Hopes; Vodafone Group Moves Up Sharply

U.K.'s FTSE 100 index has moved up sharply on Tuesday, amid hopes of a rate cut by the Bank of England next month after data showed an increase in the nation's unemployment rate in the third quarter. The passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history is also aiding sentiment.

RTTNews | Pred 6 h 27 min

CAC 40 Up 0.6%; Hermes International, LVMH Among Top Gainers

French stocks are up firmly in positive territory on Tuesday, extending gains from the previous session, following the passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history.

RTTNews | Pred 6 h 54 min

DAX Up Marginally As Mood Remains Positive After Passage Of U.S. Short-term Spending Bill

The German market is up in positive territory on Tuesday, as the undertone remains firm following the U.S. Senate passing a short-term funding bill late Monday to end the longest government shutdown in U.S, history.

RTTNews | Pred 7 h 19 min

German Economic Confidence Weakens In November

German economic confidence weakened moderately in November as investors became concerned about the ability of economic policies to address its key issues, a monthly survey conducted by the think tank ZEW showed Tuesday. The economic sentiment index fell unexpectedly to 38.5 in November from 39.3 in the previous month. The reading was forecast to rise to 41.0.

RTTNews | Pred 7 h 51 min

Senex, Nifty End Higher On Fed Rate Cut Hopes

Indian shares eked out modest gains on Tuesday, with trade deal hopes and expectations of Federal Reserve interest-rate cuts helping underpin investor sentiment.

RTTNews | Pred 8 h 43 min

EURUSD	1.15925	GBPUSD	1.31719	AUDUSD	0.65308
USDJPY	154.086	USDCAD	1.40049	USDCHF	0.79993