Canadian Market Retreats After Recovering From Early Drop

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(RTTNews) - The Canadian market is modestly higher around noon on Thursday with shares from energy and technology sectors posting strong gains. A sell-off in materials section is limiting market's upside.

The mood in the market is quite cautious amid concerns about global economic growth. Data from the U.S. showing drop in construction spending, a contraction in manufacturing activity and an increase in weekly jobless claims, and continued deterioration in Canadian manufacturing activity are weighing on sentiment.

The benchmark S&P/TSX Composite Index was down 10.17 points or 0.04% at 24,831.51 a few minutes past noon. The index, which dropped to 24,750.19 in early trades, climbed to 24,961.77 subsequently, before paring gains.

In the energy sector, Baytex Energy is rising more than 6%. Enerflex, Cenovus Energy, Precision Drilling Corp., International Petroleum Corp, Advantage Oil & Gas, MEG Energy, Canadian Natural Resources and Vermilion Energy are gaining 2 to 3.5%.

In the technology section, Celestica Inc is rising nearly 8%. Bitfarms, Coveo Solutions, Shopify, Quarterhill and Sylogist are up 2.7 to 4.3%.

Materials stock Alamos Gold is tanking more than 12% on weak results. The company said its adjusted first-quarter earnings rose to $59.8 million, from $51.2 million a year ago. Earnings per share was 14 cents in the latest quarter, compared to 13 cents in the year-ago quarter. Analysts had expected EPS to come in at 19 cents.

Orla Mining, Aya Gold & Silver, First Majestic Silver Corp., Torex Gold Resources, Wesdome Gold Mines, Endeavour Silver Corp., SSR Mining, MAG Silver, Equinox Gold and B2Gold Corp are down 4 to 7%.

Data from S&P Global said the Canada Manufacturing PMI fell to 45.3 in April of 2025 from 46.3 in the previous month, pointing to a third successive deterioration in factory activity and its lowest reading since May 2020.

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks partially offset by weakness in mining and technology stocks.

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Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.

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Sensex, Nifty Set For Muted Open On Mixed Global Cues

Indian shares are seen opening flat to slightly lower on Tuesday after rising sharply in the previous session as the announcement of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets.

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Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.

RTTNews | 2h 24minuter sedan

Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 2h 32minuter sedan

Renewed Consolidation Likely For Hong Kong Stock Market

The Hong Kong stock market moved higher again on Monday, one session after snapping the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,900-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 2h 47minuter sedan

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday after opening in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks and a mixed performance in mining and technology stocks.

RTTNews | 2h 54minuter sedan

China Stock Market May Hand Back Monday's Gains

The China stock market bounced higher again on Monday, one session after halting the four-day winning streak in which it had gathered almost 80 points or 2.4 percent. The Shanghai Composite Index now sits just beneath the 3,650-point plateau although it's likely to head south again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

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EURUSD	1.16188	GBPUSD	1.3432	AUDUSD	0.65195
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