Canadian Market Down In Negative Territory

RTTNews | 837 วันที่ผ่านมา

(RTTNews) - The Canadian market is down in negative territory Thursday afternoon, weighed down by losses in real estate, communications, materials and utilities sectors.

Healthcare stocks are finding support, while shares from other sectors are turning in a mixed performance.

Investors are largely reacting to quarterly earnings news from Canadian companies.

The benchmark S&P/TSX Composite Index is down 144.09 points or 0.7% at 20,417.55.

Aecon Group Inc. (ARE.TO) shares are plunging more than 16%. Colliers International (CIGI.TO) is down 7.4%. West Fraser Timber (WFG.TO), Agnico Eagle Mines (AEM.TO), Franco-Nevada Corporation (FNV.TO), Molson Coors Canada (TPX.B.TO) and Kinaxis Inc (KXS.TO) are down 2 to 3%.

TFI International (TFII.TO), Waste Connections (WCN.TO), Bank of Montreal (BMO.TO) and Canadian Tire Corporation (CTC.A.TO) are also notably lower.

Ag Growth International (AFN.TO) rallied 2.6%. Teck Resources (TECK.A.TO) and Fairfax Financial Holdings (FFH.TO) are down 2.4% and 2%, respectively.

Cenovus Energy Inc. (CVE.TO) is gaining more than 3% after the company reported second-quarter net earnings of $866 million, compared with $636 million in the previous quarter.

Canadian Utilities Ltd. (CU.TO) reported adjusted net earnings of $100 million, or $0.37 per share for the second quarter, compared to $136 million, or $0.51 per share, in the second quarter of the previous year. The stock is down 1.5%.

FirstService Corporation (FSV.TO) is down more than 1% despite a surge in quarterly earnings. The company reported consolidated revenues of $1.12 billion for the second quarter, up 20% compared to consolidated revenues in the year-ago quarter.

ATCO Ltd. (ACO.TO) is down 2.5%. The company yposted adjusted net earnings of $87 million ($0.77 per share) in the second quarter, $5 million ($0.04 per share) lower compared to $92 million ($0.81 per share) in the second quarter of 2022.

On the economic front, a report from the Canadian Federation of Independent Business said Canada's CFIB Business Barometer long-term optimism index edged higher by 0.2 points from the previous month to 54.2 in July.

Asian Shares End On Mixed Note

Asian stocks gave up early gains to end mixed on Tuesday after rising in the previous session as U.S. lawmakers moved toward reopening the federal government.

RTTNews | 1 ชม. 7 นาทีที่ผ่านมา

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and economic sentiment from Germany are the major economic reports due on Tuesday. At 2.00 am ET, the Office for National Statistics publishes UK labor market statistics. The jobless rate is forecast to rise to 4.9 percent in the three months to September from 4.8 percent in the preceding period.

RTTNews | 3 ชม. 0 นาทีที่ผ่านมา

European Shares Seen Higher As US Senate Passes Bill To End Shutdown

European stocks are seen opening on a positive note Tuesday after the U.S. Senate passed the funding bill to end the longest-running government shutdown in history.

RTTNews | 4 ชม. 10 นาทีที่ผ่านมา

Sensex, Nifty Modestly Lower In Cautious Trade

Indian shares were a tad lower on Tuesday despite firm cues from global markets and comments from U.S. President Donald Trump that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | 5 ชม. 20 นาทีที่ผ่านมา

Australian Market Slips To Losses In Mid-market

The Australian stock market is slipping in to the red in mid-market trading on Tuesday after early gains, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,850 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.

RTTNews | 6 ชม. 23 นาทีที่ผ่านมา

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders react to further progress made towards ending the US government shutdown, with the US Senate commencing a series of votes on a package to reopen the government and end the longest shutdown on record. Asian markets closed mostly higher on Monday.

RTTNews | 6 ชม. 42 นาทีที่ผ่านมา

Sensex, Nifty Seen Opening Higher On Trade Deal Hopes

Indian shares look set to open on a positive note Tuesday after U.S. President Donald Trump indicated he would reduce the tariff rate on Indian goods "at some point," and that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | 7 ชม. 14 นาทีที่ผ่านมา

Thai Shares Expected To Open To The Upside On Tuesday

The Thai stock market has moved higher in two of three trading days since the end of the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,305-point plateau and it's called higher again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 7 ชม. 46 นาทีที่ผ่านมา

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