TSX Ends Modestly Higher

RTTNews | Pred 726 dňami

(RTTNews) - The Canadian market, which very nearly slipped into negative territory around mid afternoon on Thursday after opening on a positive note and climbing up further in early trades, managed to find some support in the final hour of the session to finish modestly higher.

Stocks climbed higher in morning trades as tamer-than-expected U.S. consumer inflation data reinforced expectations the Federal Reserve will leave interest rates unchanged at its next meeting.

The benchmark S&P/TSX Composite Index ended with a gain of 67.61 points or 0.33% at 20,342.88 after scaling a low of 20,279.72 and a high of 20,444.64 intraday.

Communications, consumer staples and technology stocks moved higher. A few stocks from the financials sector too posted strong gains, while healthcare stocks closed weak.

In addition to reacting to U.S. inflation data, investors also digested a slew of earnings announcements from Canadian companies.

Quebecor Inc (QBR.B.TO) rallied 4.3% on strong results. The company reported adjusted EBITDA of $605.2 million for the second quarter of this financial year, up$113.8 million or 23.2%, compared to the year-ago quarter.

Cogeco Communications (CCA.TO) gained nearly 2%, while Rogers Communications (RCI.B.TO) and Telus Corp (T.TO) ended higher by 1.03% and 1.23%, respectively.

Primo Water Corp (PRMW.TO), up 9.3%, was the top gainer in the consumer staples sector. The company reported adjusted second-quarter net income and adjusted net income per diluted share of $39 million and $0.24, respectively, compared to $33 million and $0.21, respectively, in the year-ago quarter.

Empire Company (EMP.A.TO), Alimentation Couche-Tard (ATD.TO), Loblaw Co (L.TO) and Metro Inc (MRU.TO) gained 1 to 2.2%.

Among financials shares, Goeasy (GSY.TO) and Power Corporation of Canada (POW.TO) gained 2.1% and 1.9%, respectively.

Onex Corp (ONEX.TO) shares climbed 1.6% after the company reported net earnings of $132 million for the second quarter ended June 30, 2023, compared with net loss of $184 million in the year-ago quarter.

Among the stocks in the Healthcare index, Tilray Inc (TLRY.TO) dropped 8.6%. Bausch Health Companies (BHC.TO) ended 2.5% down.

AutoCanada Inc (AC.TO) soared 16.6% after the company reported second-quarter net income of $45.2 million, compared to $39.1 million in the prior year.

Boyd Group Services (BYD.TO), Docebo Inc (DCBO.TO), Snc-Lavalin Group Inc (SNC.TO) and Shopify Inc (SHOP.TO) gained 2.4 to 4.6%.

Data from the Labor Department showed U.S. consumer price growth accelerated to 3.2% in July from 3% in June, while economists had expected the pace of price growth to accelerate to 3.3%.

The Labor Department also said its consumer price index rose by 0.2% on a monthly basis in July, matching the uptick seen in June as well as expectations.

Excluding food and energy prices, core consumer prices also rose by 0.2% for the second straight month in July, in line with estimates. Meanwhile, the annual rate of growth by core consumer prices slowed to 4.7% in July from 4.8% in June. The rate of growth was expected to be unchanged.

Swiss Market Ends Modestly Higher

The Switzerland market closed modestly higher on Tuesday after staying positive right through the day's trading session, with investors mostly reacting to the latest quarterly performance of big name companies.

RTTNews | Pred 18 minútami

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday, although gains in most of the markets were just marginal or modest, as investors stayed somewhat cautious, reacting to a mixed batch of economic data, and assessing the impact of steep U.S. tariffs on the global economy.

RTTNews | Pred 38 minútami

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.

RTTNews | Pred 3 h 16 min

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.

RTTNews | Pred 4 h 2 min

U.S. Trade Deficit Narrows Slightly More Than Expected In June

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday.

RTTNews | Pred 5 h 6 min

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.

RTTNews | Pred 5 h 9 min

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.

RTTNews | Pred 5 h 20 min

FTSE 100 Advances On Upbeat Earnings

The UK market is modestly higher on Tuesday, extending gains from previous session, thanks to some upbeat corporate earnings announcements, and expectations that the Federal Reserve will cut interest rate in the near future to spur economic growth.

RTTNews | Pred 5 h 49 min

EURUSD	1.15805	GBPUSD	1.33081	AUDUSD	0.64765
USDJPY	147.601	USDCAD	1.37756	USDCHF	0.80747

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TSX Ends Modestly Higher