TSX Ends Modestly Higher After Cautious Session

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(RTTNews) - Canadian stocks moved in a very tight range after opening slightly up Monday morning, and ended the day's session modestly higher, led by gains in energy and healthcare sections.

News about U.S. President Joe Biden and Congressional Republican McCarthy agreeing on a debt ceiling deal on Saturday to avert a fast-approaching default in early June aided sentiment.

However, worries about inflation and prospects of further interest rate hikes limited market's upside.

The benchmark S&P/TSX Composite Index ended with a gain of 47.64 points or 0.24% at 19,967.95. The index touched a low of 19,929.01 and a high of 19,991.89.

Energy stocks Athabasca Oi Corp (ATH.TO) and Headwater Exploration (HWX.TO) both gained more than 2%. Crescent Point Energy (CPG.TO), Paramount Resources (POU.TO), Topaz Energy (TPZ.TO), Suncor Energy (SU.TO) and Vermilion Energy (VET.TO) gained 1 to 1.8%.

Healthcare stocks Canopy Growth Corp (WEED.TO) and Bausch Health Companies (BHC.TO) gained 2.5% and 1.45%, respectively. Tilray Inc (TLRY.TO) advanced 0.8%.

In the financials section, CDN Western Bank (CWB.TO) surged 5.52%. Onex Corp (ONEX.TO) climbed nearly 2%, Laurentian Bank (LB.TO) gained 1.6% and Toronto-Dominion Bank (TD.TO) ended higher by 1.1%.

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

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Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

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Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

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Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

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KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

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EURUSD	1.16495	GBPUSD	1.34805	AUDUSD	0.6489
USDJPY	147.124	USDCAD	1.38456	USDCHF	0.80351

TSX Ends Modestly Higher After Cautious Session

Taiwan Bourse May Hand Back Monday's Gains

Singapore Stock Market Tipped To Open In The Red

Rally May Stall For Malaysia Stock Market

Japan Stock Market May Spin Its Wheels On Tuesday

KOSPI May Run Out Of Steam On Tuesday

RBA Minutes On Tap For Tuesday

U.S. Dollar Climbs Against Majors

Swiss Market Ends Moderately Lower