TSX Ends Modestly Higher

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(RTTNews) - The Canadian market ended modestly higher on Tuesday, led by gains in energy stocks after oil prices rose sharply on hopes of an uptick in demand from China.

Several stocks from financials and materials sectors moved higher. Shares from utilities, consumer staples and communications sectors drifted lower.

The benchmark S&P/TSX Composite Index ended with a gain of 96.08 points or 0.47% at 20,725.00 after scaling a low of 20,541.59 and a high of 20,775.72 intraday.

The Energy Capped Index climbed 2.78%. Enerplus Corp (ERF.TO), Baytex Energy (BTE.TO), Athabasca Oil Corp (ATH.TO), Crescent Point Energy (CPG.TO), Parex Resources (PXT.TO), MEG Energy Corp (MEG.TO), Vemilion Energy (VET.TO), Cenovus Energy (CVE.TO) and Paramount Resources (POU.TO) gained 4 to 6%.

Financials shares Laurentian Bank (LB.TO), CDN Western Bank (CWB.TO), Bank of Nova Scotia (BNS.TO), Canadian Imperial Bank of Commerce (CM.TO), Toronto-Dominion Bank (TD.TO) and Fairfax Financial Holdings (FFH.TO) gained 1 to 2%.

In the materials section, Lithium Americas Corp (LAC.TO) surged nearly 10% after the company received a favorable ruling from the US District Court, District of Nevada, for the appeal filed against the Bureau of Land Management for the issuance of the Record of Decision relating to the Company's 100%-owned Thacker Pass project located in Humboldt Country, Nevada.

First Quantum Minerals (FM.TO) climbed 7.25%, and K92 Mining Corp (KNT.TO) gained 4.57%. Winpak (WPK.TO) rallied nearly 4%. Ero Copper (ERO.TO), Torex Gold Resources (TXG.TO), Methanex Corp (MX.TO), West Fraser Timber (WFG.TO), Canfor Corp (CFP.TO) and Iamgold Corp (IMG.TO) gained 2 to 3%.

Coveo Solutions (CVO.TO) ended nearly 6% down. The company reported a net loss of $10.0 million for the third quarter, as against net income of $426.3 million in the year-ago quarter.

On the economic front, Canada posted a trade deficit of C$ 160 million in December 2022, down from an upwardly revised shortfall of C$ 220 million in the previous month.

Total exports fell 1.2% over a month earlier to C$ 63.0 billion in December, the lowest level since February 2022. Imports fell 1.3% to C$ 63.1 billion, the lowest level since March 2022.

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.

RTTNews | 12 minuter sedan

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation, which could impact the outlook for interest rates.

RTTNews | 16 minuter sedan

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.

RTTNews | 1h 42minuter sedan

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.

RTTNews | 2h 1minuter sedan

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | 2h 12minuter sedan

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.

RTTNews | 2h 18minuter sedan

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.

RTTNews | 2h 27minuter sedan

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.

RTTNews | 2h 42minuter sedan

EURUSD	1.16274	GBPUSD	1.34591	AUDUSD	0.64892
USDJPY	147.842	USDCAD	1.38394	USDCHF	0.80458