TSX Modestly Higher, Set For Another Positive Close

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TSX Modestly Higher, Set For Another Positive Close

(RTTNews) - The Canadian market looks set to end on a positive note on Wednesday thanks to strong gains in industrials and technology sectors.

Concerns about tariff threats by U.S. President Donald Trump appear to be limiting market's upside. The U.S. President has repeated his threat to impose tariffs on imports from European countries. He also said his administration was discussing imposing an additional 10% tariff on goods imported from China, starting in February.

Tech stocks are gaining in strength thanks to upbeat sales and earnings reported by Netflix, and Oracle's continued rise on U.S. President Donald Trump's announcement of a private sector investment of up to $500 billion to fund artificial intelligence infrastructure.

The benchmark S&P/TSX Composite Index is up 70.87 points or 0.28% at 25,352.50 with about an hour to go for the closing bell.

Technology stocks Sylogist (SYZ.TO) and Celestica Inc (CLS.TO) are up 6.3% and 3.7%, respectively. Coveo Solutions (CVO.TO), Enghouse Systems (ENGH.TO), Descartes Systems Group (DSG.TO), Contellation Software (CSU.TO), BlackBerry (BB.TO) and CGI Inc (GIB.A.TO) are up 1 to 2%.

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Renewed Consolidation Tipped For Singapore Shares

Renewed Consolidation Tipped For Singapore Shares

The Singapore stock market rebounded on Wednesday, one day after halting the three-day winning streak in which it had gathered more than 20 points or 0.4 percent. The Straits Times Index now sits just shy of the 4,350-point plateau although it may tick lower again on Thursday.
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Rally May Stall For Malaysia Stock Market

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has ticked higher in three straight sessions, collecting more than a dozen points or 0.8 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,590-point plateau although it may spin its wheels on Thursday.
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Japan Bourse May Hand Back Wednesday's Gains

Japan Bourse May Hand Back Wednesday's Gains

The Japanese stock market rebounded on Wednesday, one day after snapping the three-day winning streak in which it had surged more than 1,700 points or 3.9 percent. The Nikkei 225 now sits just beneath the 43,840-point plateau although it may head south again on Thursday.
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South Korea Shares Due For Profit Taking

South Korea Shares Due For Profit Taking

The South Korea stock market has moved higher in seven straight sessions, surging more than 170 points or 5.4 percent along the way. Now at a record closing high, the KOSPI rests just above the 3,310-point plateau although investors may lock in gains on Thursday.
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Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

After a brief spell in positive territory early on in the session on Wednesday, the Switzerland market turned a bit easy and moved along the flat line till around mid afternoon before losing ground to eventually close on a negative note.
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European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors digested data showing a modest drop in U.S. producer prices in the month of August, and continued to assess the developments on the trade front. Some of the major markets started off on a firm note, but failed to sustain at higher levels.
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