TSX Extends Losses To 5th Straight Session, Ends Sharply Lower

RTTNews | Pred 1140 dňami

(RTTNews) - The Canadian market tumbled on Thursday as fears about a recession due to aggressive monetary tightening by central banks to rein in inflation rendered the mood bearish.

Markets across Europe fell sharply, and the U.S. market too ended weak despite regaining a substantial portion of lost ground.

The benchmark S&P/TSX Composite Index, which dropped to a low of 18,169.86, ended the session with a loss of 286.13 points or 1.54% at 18,329.05, extending losses to a fifth straight session.

Financials stocks fell, weighed down by weak earnings updates from top U.S. firms JP Morgan Chase and Morgan Stanley. Materials and energy stocks lost ground as commodity prices dropped.

Healthcare stocks rallied sharply. A few stocks from industrials and utilities sections also posted strong gains.

The Financials Capped Index shed 3.19%. Royal Bank of Canada (RY.TO), CDN Western Bank (CWB.TO), Canadian Imperial Bank of Commerce (CM.TO), National Bank of Canada (NA.TO), Bank of Nova Scotia (BNS.TO) and Bank of Montreal (BMO.TO) declined 3 to 6%.

Energy stocks Precision Drilling (PD.TO), Imperial Oil (IMO.TO), Cenovus Energy (CVE.TO), Suncor Energy (SU.TO), Enerplus Corp (ERF.TO), Crescent Point Energy (CPG.TO) and Baytex Energy (BTE.TO) lost 2 to 5.2%.

In the materials section, First Quantum Minerals (FM.TO) tumbled more than 8%. Methanex Corp (MX.TO), Nutrien (NTR.TO), Hudbay Minerals (HBM.TO), MAG Silver Corp (MAG.TO), Barrick Gold Corp (ABX.TO), Agnico Eagle Mines (AEM.TO), Canfor Corp (CFP.TO) and Franco-Nevad Corp (FNV.TO) ended sharply lower.

In the healthcare section, Tilray Inc (TLRY.TO) soared more than 16%. Aurora Cannabis (ACB.TO) surged 14.1%, Canopy Growth Corp (WEED.TO) climbed nearly 10%, and Cronos Group (CRON.TO) gained about 6.5%.

Among industrials section, Ritchie Bros Auctioneers (RBA.TO) climbed 11.8%. Waste Connections (WCN.TO) gained nearly 2%, while Cargojet (CJT.TO), Gfl Environmental (GFL.TO) and Thomson Reuters (TRI.TO) ended higher by 1 to 1.4%.

On the economic front, data from Statistics Canada showed manufacturing sales in Canada fell 2% month-on-month in May, after rising by an upwardly revised 2.6% in April.

U.S. Dollar Falls Amid Fed Rate Cut Speculation

The U.S. dollar weakened against other major currencies in the Asian session on Thursday, after the Fed official left the door open for an interest rate cut next month.

RTTNews | Pred 11 minútami

Europe Car Sales Rebound In July

Europe's new car sales rebounded in July on strong demand for battery electric and plug-in hybrid cars, the European Automobile Manufacturers' Association reported Thursday. Car registrations in the European Union advanced 7.4 percent year-on-year in July, offsetting June's 7.3 percent decrease. Data showed an annual rise of 39.1 percent for battery-electric and 14.3 percent for hybrid-electric

RTTNews | Pred 1 h 15 min

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against other major currencies in the Asian session on Thursday.

RTTNews | Pred 1 h 37 min

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.

RTTNews | Pred 3 h 6 min

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.

RTTNews | Pred 3 h 59 min

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.

RTTNews | Pred 4 h 0 min

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | Pred 5 h 26 min

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.

RTTNews | Pred 5 h 41 min

EURUSD	1.164	GBPUSD	1.34962	AUDUSD	0.65172
USDJPY	147.247	USDCAD	1.37785	USDCHF	0.80132