Canadian Market Down In Negative Territory On Hot U.S. Inflation Data

RTTNews | 596 dagar sedan
Canadian Market Down In Negative Territory On Hot U.S. Inflation Data

(RTTNews) - The Canadian market is down in negative territory a little past noon on Thursday amid renewed concerns about the outlook for interest rates after data showed U.S. consumer prices rose by slightly more than expected in the month of September.

Materials, communications and utilities shares are among the prominent losers. Several stocks from real estate and consumer discretionary sectors are also notably lower. Energy stocks are finding some support.

The benchmark S&P/TSX Composite Index, which dropped to 19,534.05, was down 79.00 points or 0.4% at 19,584.84 a little while ago.

Ero Copper (ERO.TO) is down more than 5%. Bombardier Inc (BBD.B.TO), Teck Resources (TECK.B.TO), GFL Environmental Inc (GFL.TO), BRP Inc (DOO.TO) and Cogeco Communications (CCA.TO) are down 2 to 5%.

West Fraser Timber (WFG.TO), Kinaxis Inc (KXS.TO), Magna International (MG.TO), Toromont Industries (TIH.TO), CGI Inc (GIB.A.TO) and WSP Global (WSP.TO) are lower by 0.9 to 1.7%.

Spin Master Corp (TOY.TO) is up 4.5%, extending recent strong gains. Canadian Tire Corporation (CTC.TO) is up nearly 4% and Docebo Inc (DCBO.TO) is gaining about 2.6%.

Shopify Inc (SHOP.TO), Canadian Natural Resources (CNQ.TO), Descartes Systems (DSG.TO) and Goeasy (GSY.TO) are up 1 to 1.25%.

The U.S. Labor Department said its consumer price index climbed by 0.4% in September after increasing by 0.6% in August. Economists had expected consumer prices to rise by 0.3%.

The report also said the annual rate of consumer price growth was unchanged at 3.7%, while the annual rate of core consumer price growth slowed to 4.1% in September from 4.3% in August.

The data has contributed to a rebound by treasury yields, which are regaining ground following a two-day pullback but remain well off their recent sixteen years.

read more
Wall Street Likely To Open On Negative Note

Wall Street Likely To Open On Negative Note

Lower U.S. futures and uncertainty surrounding Trump administration's tariff moves point to a flat start for stocks on Wall Street on Friday. Investors will also be digesting some crucial economic data, including reports on U.S. consumer confidence, Chicago PMI reading, and personal income & spending reports.
RTTNews | 1h 38minuter sedan
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Friday morning with investors reacting to a slew of economic data, and assessing the likely move of Trump administration with regard to tariffs.
RTTNews | 2h 2minuter sedan
FTSE 100 Rises 0.7%

FTSE 100 Rises 0.7%

UK stocks are up in positive territory a little past noon on Friday, remaining firm after a steady start. Despite concerns about inflation and uncertainty about tariffs, investors are picking up stocks amid cautious optimism about growth.
RTTNews | 2h 57minuter sedan
CAC 40 Modestly Higher In Cautious Trade

CAC 40 Modestly Higher In Cautious Trade

After a slightly weak start, the French market has moved higher on Friday with investors picking up stocks amid hopes the European Central Bank will lower interest rates at its ensuing meeting. The U.S. federal court's ruling against President Donald Trump's sweeping tariff moves on its trading partners had added to uncertainty on the trade front, rendering the mood a bit cautious.
RTTNews | 3h 27minuter sedan
DAX Up 0.8% On Selective Buying As Markets Await Clarity On Tariffs

DAX Up 0.8% On Selective Buying As Markets Await Clarity On Tariffs

German stocks are gaining notably ground in positive territory on Friday despite data showing a drop in the nation's retail sales in the month of April, and amid uncertainty about Trump administration's tariff moves after U.S. court rulings against the levies proposed by the U.S. President.
RTTNews | 3h 57minuter sedan
Yen Rises On Strong Tokyo Core Inflation Data

Yen Rises On Strong Tokyo Core Inflation Data

The Japanese yen strengthened against other major currencies in the Asian session on Friday, as Tokyo's core inflation data came in stronger than expected, increasing the chances of the Bank of Japan's (BoJ) 25 basis point rate hike in July.
RTTNews | 4h 22minuter sedan