TSX Ends Weak For 2nd Straight Day

RTTNews | 726 dagar sedan
TSX Ends Weak For 2nd Straight Day

(RTTNews) - The Canadian market ended notably lower for a second successive session, as stocks tumbled on Wednesday amid rising concerns about interest rates and the outlook for global economic growth.

The benchmark S&P/TSX Composite Index, which dropped to 19,341.44 around mid afternoon, regained some lost ground subsequently to eventually settle at 19,435.98 with a loss of 120.17 points or 0.61%.

Utilities, materials, communications, real esate, and financials shares lost ground. Energy stocks outperformed thanks to higher crude oil prices.

Brookfield Renewable Partners (BEP.UN.TO) dropped 7.4%. Brookfield Renewable Corporation (BEPC.TO), Newmont Corporation (NGT.TO), Brookfield Infrastructure Corporation (BIPC.TO), Agnico Eagle Mines (AEM.TO), Wheaton Precious Metals (WPM.TO) and Canadian Imperial Bank of Commerce (CM.TO) lost 3 to 6%.

Fairfax Financial Holdings (FFH.TO), Canadian National Railway (CNR.TO), First Service Corporation (FSV.TO), Franco-Nevada Corporation (FNV.TO) and Colliers International (CIGI.TO) also declined sharply.

Bombardier Inc (BBD.B.TO) rallied 5.3%. Methanex Corporation (MX.TO), MEG Energy Corp (MEG.TO), Imperial Oil (IMO.TO), Celestica Inc (CLS.TO) gained 3 to 4%.

Suncor Energy (SU.TO), Precision Drilling Corporation (PD.TO) and Canadian Natural Resources (CNQ.TO) also posted strong gains.

read more
Bay Street Likely To Post New Highs

Bay Street Likely To Post New Highs

Canadian shares are likely to open on a firm note Tuesday morning with higher oil and bullion prices set to trigger buying in energy and materials sectors.
RTTNews | 2h 14minuter sedan
Wall Street Likely To Open Flat

Wall Street Likely To Open Flat

Futures point to a somewhat flat start on Wall Street Tuesday morning. Data on manufacturing and services sector activity in the U.S. in the month of August, due after the opening bell, is likely to provide some direction to the market.
RTTNews | 2h 54minuter sedan
Sweden Cuts Policy Rate By 25 Bps

Sweden Cuts Policy Rate By 25 Bps

Sweden's central bank cut its benchmark interest rate by 25 basis points in order to support economic recovery and signalled an end to the easing cycle. The executive board of the Riksbank decided to lower the policy rate by 25 basis points to 1.75 percent. The bank has reduced the rate by 200 basis points since it started policy easing in May 2024.
RTTNews | 2h 59minuter sedan
FTSE 100 Flat; Kingfisher Soars On Higher Guidance

FTSE 100 Flat; Kingfisher Soars On Higher Guidance

U.K. stocks are turning in a mixed performance on Tuesday with investors digesting the flash data showing weak manufacturing and services sector activity in the month of September.
RTTNews | 3h 53minuter sedan
Eurozone Private Sector Logs Strongest Growth In 16 Months

Eurozone Private Sector Logs Strongest Growth In 16 Months

The euro area private sector expanded the most in 16 months in September driven by the acceleration in services activity growth, flash survey results published by S&P Global revealed on Tuesday. At 51.2, the HCOB composite output index climbed slightly from August's 51.0 and was above forecast of 51.1. The index posted above the 50.0 no-change mark for the ninth straight month in September.
RTTNews | 4h 2minuter sedan
CAC 40 Up 0.6%; STMicroElectronics Rises Sharply

CAC 40 Up 0.6%; STMicroElectronics Rises Sharply

Despite data showing a contraction in France's private sector activity in the month of September, French stocks are up firmly in positive territory Tuesday afternoon with data showing an acceleration in Eurozone private sector growth, and NVIDIA's plans to invest $100 billion in OpenAI aiding sentiment.
RTTNews | 4h 20minuter sedan
Sensex, Nifty Recover From Early Lows

Sensex, Nifty Recover From Early Lows

Indian shares cut early losses to end on a flat note on Tuesday. While a weakening rupee, tariff worries and concerns regarding the latest H1-B visa fee change weighed on markets, Fed rate cut hopes, falling oil prices and reports of strong festive-season demand for automobiles helped limit overall losses in the broader market.
RTTNews | 4h 38minuter sedan
DAX Modestly Higher Despite Paring Some Early Gains

DAX Modestly Higher Despite Paring Some Early Gains

German stocks hold on in positive territory Tuesday afternoon despite paring some early gains. Data showing an acceleration in Germany's private sector activity in the month of September, and an increase in Eurozone service sector growth help underpin sentiment.
RTTNews | 4h 41minuter sedan