Canadian Market Modestly Higher In Cautious Trade

RTTNews | 770 dagar sedan
Canadian Market Modestly Higher In Cautious Trade

(RTTNews) - The Canadian market is up in positive territory in early afternoon trades on Wednesday, led by gains in communications, healthcare, energy and utilities sectors.

Amid a lack of fresh Canadian economic data and earnings updates, the mood remains somewhat cautious.

Soft Euro area and UK inflation data aids sentiment. Also, raising expectations the Federal Reserve is likely to end its tightening cycle sometime sooner than later is also contributing to the positive mood.

The benchmark S&P/TSX Composite Index is up 47.40 points or 0.23% at 20,423.97 about half an hour past noon.

Communications stock Telus Corp (T.TO) is up 1.6%. Rogers Communications (RCI.B.TO), Quebecor Inc (QBR.B.TO), Cogeco Communications (CCA.TO) and BCE Inc (BCE.TO) are up 0.6 to 0.8%.

Healthcare stock Tilray Inc (TLRY.TO) is climbing nearly 6%. Utilities shares Algonquin Power and Utilities (AQN.TO), Innergex Renewable Energy (INE.TO), Superior Plus Corp (SPB.TO) and Northland Power (NPI.TO) are gaining 1.5 to 2%.

In the energy sector, Paramount Resources (POU.TO) is up 2.6%. Precision Drilling Corp (PD.TO) is gaining 2% and Arc Resources (ARX.TO) is climbing 1.6%. Enerplus Corp (ERF.TO), Crescent Point Energy (CPG.TO), Tourmaline Oil Corp (TOU.TO), Advantage Oil & Gas (AAV.TO) and Baytex Energy (BTE.TO) are up 1 to 1.7%.

read more
European Shares Seen Higher At Open

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 | 1h 25minuter sedan
Sensex Nifty Decline On Tariff Worries

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 | 2h 17minuter sedan
European Economic News Preview: Eurozone Economic Sentiment Data Due

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 | 2h 18minuter sedan
Australian Market Trims Early Losses In Mid-market

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 | 3h 44minuter sedan
Asian Markets Trade Mostly Higher

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 | 3h 59minuter sedan
Swiss Market Settles Modestly Higher

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
RTTNews | 4h 42minuter sedan
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.
RTTNews | 4h 50minuter sedan