TSX Rises Over 1%; Materials, Energy Stocks Move Up Sharply

RTTNews | Pred 12 h 16 min

(RTTNews) - The Canadian market is up firmly in positive territory on Wednesday, lifted by strong gains in energy, materials and technology sectors. Data showing an improvement in Canadian services sector activity, firm commodity prices and bargain hunting after recent sharp decline contribute to market's notable move up north.

The benchmark S&P/TSX Composite Index was up 318.63 points or 1.07% at 30,096.47 a few minutes past noon.

The Energy Capped Index is up 2.75%. Kelt Exploration and Nuvista Energy are gaining about 7.5% and 7.3%, respectively.

Suncor Energy is rising 6%. The company reported an adjusted profit of C$1.48 per share for the quarter ended September 30, compared with the analysts' average estimate of C$1.08 per share.

Advantage Oil & Gas, Tamarack Valley Energy, Parex Resources, Ces Energy Solutions, Birchcliff Energy, Headwater Exploratin, Arc Resources, Athabasca Oil Corporation and Imperial Oil are up 2 to 3.5%.

The Materials Capped Index is climbing up 2.37%. Iamgold Corp, the top gainer in the index, is up nearly 10%. Kinross Gold Corp is advancing 7%. Ero Copper, Hudbay Minerals, Stella Jones, G Mining Ventures, Lundin Gold, Ngex Minerals and Eldorado Gold are up 3.5 to 4.5%.

Among technology stocks, Celestica Inc is surging nearly 7%. Bitfarms is gaining 5.2%. CGI Group, Docebo, BlackBerry, Open Text Corporation and Coveo Solutions are up 1.5 to 3%.

Healthcare stocks Bausch Health Companies and Curaleaf Holdings are up 1.5% and 2.5%, respectively.

Consumer discretionary stocks Brp Inc., Gildan Activewear, Magna International and Aritzia Inc., and consumer staples stocks Alimentation Couche-Tard, Canada Packers, Empire Company, Metro Inc., and Saputo are up sharply.

In economic news, the S&P Global Canada Composite PMI came in with a score of 50.3 in October, up from 46.3 in September, marking the first rise in private sector activity since November 2024. The manufacturing PMI reading was 49.6, up from 47.7 in September, while the Services PMI increased to 50.5 from 46.3.

Sensex, Nifty Open Higher On Firm Global Cues

Indian shares opened a tad higher on Thursday, mirroring mostly positive cues from global markets as solid U.S. private sector employment and services sector activity data helped calm investor worries about stretched valuations.

RTTNews | Pred 1 h 1 min

Australian Market Halves Its Early Gains In Mid-market

The Australian market is halving its early gains in mid-market moves on Thursday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,800 level, with gains across most sectors led by mining and energy stocks amid rebounding commodity prices.

RTTNews | Pred 2 h 18 min

Asian Markets Track Wall Street Higher

Asian markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as some traders looked to pick up stocks at reduced levels following the recent sell-off. Traders also react to upbeat private US economic data and growing expectations that the US Supreme Court may reject the Trump administration's aggressive trade policy.

RTTNews | Pred 2 h 44 min

Sensex, Nifty Seen Higher At Open As US Supreme Court Weighs Legality Of Trump Tariffs

Indian shares look set to open higher on Thursday as investors react to signs of a resilient U.S. labor market and reports that the U.S. Supreme Court seems skeptical of President Trump's sweeping global tariffs, with key justices noting that he had overstepped his authority with his signature economic policy.

RTTNews | Pred 2 h 59 min

Japanese Market Sharply Higher

The Japanese market is sharply higher on Thursday, snapping a five-session losing streak, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving up almost 2 percent to above the 50,900 level, with gains across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | Pred 3 h 8 min

Thai Stock Market May Reclaim 1,300-Point Plateau

The Thai stock market has moved lower in five straight sessions, slumping more than 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,300-point plateau although it's expected to open to the upside on Thursday.

RTTNews | Pred 3 h 40 min

Additional Support Anticipated For Indonesia Shares

The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just beneath the 8,320-point plateau and it may add to its winnings on Thursday.

RTTNews | Pred 4 h 10 min

Hong Kong Bourse May Halt Its Slide On Thursday

The Hong Kong stock market has moved lower in consecutive trading days, sinking more than 220 points or 0.8 percent along the way. The Hang Seng Index now rests just above the 25,930-point plateau although it may find traction on Thursday.

RTTNews | Pred 4 h 25 min

EURUSD	1.15048	GBPUSD	1.30604	AUDUSD	0.6514
USDJPY	153.986	USDCAD	1.41029	USDCHF	0.80934