TSX Retreats After Hitting New All-time High, Ends Marginally Down

RTTNews | Pred 260 dňami

(RTTNews) - Despite posting a new all-time high around mid-morning, the Canadian market ended on a negative note on Monday, due to sharp losses in energy and materials sectors. Gains real estate, technology, communications, consumer discretionary and industrials sectors helped limit the market's downside.

A positive reaction to news U.S. President-elect Donald Trump intends to nominate billionaire hedge fund manager Scott Bessent as Treasury Secretary buoyed up U.S. stocks, and this aided sentiment a bit on Bay Street.

Bessent is seen as supportive of the equity markets and an advocate for deficit reduction. He has also called for Trump's planned tariff increases to be implemented gradually, which could reduce the impact on inflation.

The benchmark S&P/TSX Composite Index, which climbed to 25,542.57, ended down 21.30 points or 0.08% at 25,422.98.

Weak commodity prices weighed on metal and energy stocks. The Materials Capped Index and the Energy Capped Index shed 2.15% and 1.78%, respectively.

The Real Estate Capped Index climbed nearly 2.5%, while the Information Technology Capped Index and Communication Services Capped Index moved up 1.27% and 1.21%, respectively.

Torex Gold Resources (TXG.TO) lost more than 8%. Eldorado Gold Corporation (ELD.TO), Softchoice Corporation (SFTC.TO), Wheaton Precious Metals (WPM.TO), Lundin Gold Inc (LUG.TO), Celestica Inc (CLS.TO), Osisko Gold Royalties (OR.TO), Pan American Silver Corp (PAAS.TO), AltaGas (ALA.TO), Cameco Corporation (CCO.TO) and Agnico Eagle Mines (AEM.TO) closed down 3 to 5.4%.

AtkinsRealis (ATRL.TO), Canadian Natural Resources (CNQ.TO), Suncor Energy (SU.TO), Franco-Nevada Corporation (FNV.TO) and TC Energy Corporation (TRP.TO) also declined sharply.

CI Financial Corp (CIX.TO) soared 30%. Interfor Corp (IFP.TO) rallied nearly 10%. Canfor Corporation (CFP.TO) climbed 7.3%. Colliers International (CIGI.TO), West Fraser Timber (WFG.TO) and BRP Inc (DOO.TO) ended higher by 5 to 6%.

Richelieu Hardware (RCH.TO), Aritzia Inc (ATZ.TO), Shopify Inc (SHOP.TO), Magna International (MG.TO), Bombardier Inc (BBD.B.TO), MTY Food Group (MTY.TO), Onex Corporation (ONEX.TO), Linamar Corporation (LNR.TO), FirstService Corporation (FSV.TO) and Canadian Tire Corporation (CTC.A.TO) gained 2.3 to 5%.

On the economic front, data from Statistics Canada said manufacturing sales in Canada likely rose by 1.3% month-over-month in October, rebounding from a 0.5% decline in September against expectations of a 0.8% drop, according to preliminary estimates.

European Shares Extend Gains On Fed Rate Cut Hopes

European stocks traded higher on Wednesday as in-line U.S. inflation data cemented expectations of interest rate cuts by the Federal Reserve in September.

RTTNews | Pred 10 minútami

Yen Falls Amid BoJ Rate Hike Uncertainty, Risk-0n Mood

The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as the uncertainty about the likely time of the Bank of Japan's (BoJ) next interest rate hike and the increasing risk-on mood by the investors keeps the safe haven JPY declining.

RTTNews | Pred 34 minútami

Asian Shares Follow Wall Street Higher On Rate Cut Hopes

Asian stocks ended mostly higher on Wednesday as in-line U.S. inflation reading bolstered speculation the Federal Reserve will cut interest rates by 25 basis points in September, bringing forward its easing forecast amid fears of a weakening labor market.

RTTNews | Pred 34 minútami

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Wednesday.

RTTNews | Pred 1 h 2 min

European Shares Seen Up On Fed Rate Cut Hopes

European stocks are seen opening higher on Wednesday as July U.S. CPI inflation data suggested little impact from President Trump's tariffs, reinforcing bets the Federal Reserve will cut interest rates to support a cooling labor market.

RTTNews | Pred 3 h 38 min

Sensex, Nifty Modestly Higher In Early Trade

Indian shares opened on a firm note Wednesday after official data showed India's consumer price inflation eased more-than-expected in July to the lowest level in just over eight years, bringing inflation below RBI's tolerance band and raising prospects of another interest rate cut.

RTTNews | Pred 4 h 36 min

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, reversing the gains in the previous two sessions, with the benchmark S&P/ASX 200 falling well below the 8,850 level, despite the broadly positive cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in mining and technology stocks.

RTTNews | Pred 5 h 51 min

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, boosted by Hong Kong and Japanese markets amid improved outlook for interest rates after US consumer price inflation for July came in line with expectations. The U.S. and China also confirmed a 90-day extension of their trade truce. Asian markets closed mixed on Tuesday.

RTTNews | Pred 6 h 2 min

EURUSD	1.17178	GBPUSD	1.35631	AUDUSD	0.6551
USDJPY	147.205	USDCAD	1.37609	USDCHF	0.80292