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

RTTNews | 594 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
Yen Falls As U.S. Court Blocks Trump's Tariffs

Yen Falls As U.S. Court Blocks Trump's Tariffs

The Japanese yen weakened against other major currencies in the Asian session on Thursday, after a U.S. federal court blocked U.S. President Donald Trump's attempt to impose sweeping reciprocal tariffs against its global trading partners under emergency powers, saying he exceeded his authority.
RTTNews | 31 minuter sedan
European Shares Set To Open On Buoyant Note

European Shares Set To Open On Buoyant Note

European stocks may open on a buoyant note Thursday as chip giant Nvidia reported better-than-expected earnings and revenue, and a U.S. federal court blocked President Donald Trump's attempt to impose sweeping tariffs under emergency powers, dealing a blow to a key part of his economic agenda.
RTTNews | 1h 14minuter sedan
Bank Of Korea Cuts Policy Rate By 25 Bps

Bank Of Korea Cuts Policy Rate By 25 Bps

The Bank of Korea lowered its benchmark rate by a quarter-point to mitigate downside pressure on the economy. The monetary policy board, governed by Rhee Chang Yong, unanimously decided to cut the Base Rate by 25 basis points to 2.50 percent. The bank had previously reduced the benchmark rate by a quarter-point in February.
RTTNews | 1h 59minuter sedan
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Thursday.
RTTNews | 2h 4minuter sedan
Sensex, Nifty Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty Modestly Higher; IT Stocks Lead Gains

Indian shares opened on a firm note Thursday after technology giant Nvidia buoyed investors with a bullish outlook for the growth in artificial intelligence and the U.S. Court of International Trade blocked President Trump's proposed "Liberation Day" tariffs, saying he had overstepped his authority.
RTTNews | 2h 36minuter sedan
Australian Market Slightly Trims Early Gains In Mid-market

Australian Market Slightly Trims Early Gains In Mid-market

The Australian market is slightly trimming its early gains in mid-market moves on Thursday, reversing the slight losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,400 level, with gains in energy and technology stocks partially offset by a mixed performance in mining and financial stocks.
RTTNews | 3h 33minuter sedan
Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, after a U.S. federal court blocked US President Donald Trump's attempt to impose sweeping reciprocal tariffs against its global trading partners under emergency powers, saying he exceeded his authority. Asian markets closed mostly lower on Wednesday.
RTTNews | 3h 54minuter sedan
Sensex, Nifty Seen Higher As US Court Blocks Trump's Tariffs

Sensex, Nifty Seen Higher As US Court Blocks Trump's Tariffs

Indian shares look set to open higher on Thursday as investors react to encouraging industrial output data, upbeat Nvidia earnings and a U.S. court ruling blocking President Trump's "Liberation Day" tariffs, citing overreach of power.
RTTNews | 4h 29minuter sedan