Canadian Market Ends Higher After Lackluster Session

RTTNews | 481 gün önce

(RTTNews) - The Canadian market ended higher on Tuesday, extending gains to a fourth straight day, but gains in the session were just marginal as investors largely refrained from making significant moves.

The benchmark S&P/TSX Composite Index ended with a gain of 31.15 points or 0.14% at 22,290.62, after moving between 22,261.01 and 22,347.39.

Finning International (FTT.TO) gained about 3.5%. The company reported first-quarter net income of $121 million, compared to $134 million a year ago.

Calian Group (CGY.TO), Nutrien (NTR.TO), Celestica Inc (CLS.TO), Cameco Corporation (CCO.TO), Methanex Corporation (MX.TO) and Canadian Tire Corporation (CTC.TO) climbed 2 to 3%.

Molson Coors Canada Inc (TPX.B.TO), RB Global Inc (RBA.TO), Cargojet (CJT.TO), Teck Resources (TECK.A.TO), Precision Drilling Corporation (PD.TO) and Canadian Natural Resources (CNQ.TO) advanced 1 to 2%.

Hut 8 Corp (HUT.TO) dropped nearly 7%. Kinaxis Inc (KXS.TO), Pet Valu Holdings (PET.TO), Wajax Corporation (WJX.TO), Snc-Lavalin Group Inc (ATRL.TO), Badger Infrastructure Solutions (BDGI.TO) and WSP Global Inc (WSP.TO) lost 2 to 4%.

George Weston Ltd. (WN.TO) reported adjusted net earnings of $312 million for the first-quarter of 2024, up $30 million or 10.6%, compared to its net earnings in the year-ago quarter. The stock ended 0.8% up.

MEG Energy Corp (MEG.TO) edged up marginally. The company announced after trading hours on Monday that its net earnings increased to $98 million in the first quarter of 2024 from $81 million in the same period of 2023.

CT Real Estate Investment Trust (CRT.UN.TO) shares declined sharply after the company reported first-quarter net income of C$1.01 billion, compared to C$70.5 million in the year-ago quarter.

On the economic front, the Ivey Purchasing Managers Index in Canada surged to 63 in April 2024 from 57.5 in March, surpassing expectations of 58.1 and reaching its highest level in two years. It was the ninth consecutive monthly increase.

European Economic News Preview: UK Mortgage Approvals, House Price Data Due

Mortgage approvals, house prices and final manufacturing Purchasing Managers' survey results from the UK are the top economic news due on Monday. At 2.00 am ET, the Office for National Statistics releases UK Nationwide house price data. Economists forecast house prices to rise 0.1 percent month-on-month in August, following a 0.6 percent rise in July.

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European stocks look set to open broadly higher on Monday, with trading volumes likely to remain thin due to the long Labour Day weekend in the United States.

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Sensex, Nifty Open Higher On Q1 GDP Data

Indian shares opened on a positive note on Monday as new data showed the Indian economy remains on a solid footing.

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Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Monday, extending the losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,950.00 mark, with weakness in iron ore miners, energy, technology and financial stocks. Gold miners are the only bright spot.

RTTNews | 2s 58 dakika önce

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the broadly negative cues from Wall Street on Friday, dragged down by tumbling technology stocks that mirrored their peers on Nasdaq. Traders also are concerned about the renewed uncertainty about US President Donald Trump's reciprocal tariffs after a U.S. federal appeals court ruled that the majority of his sweeping tariffs were illegal.

RTTNews | 3s 14 dakika önce

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Indian shares look set to open on a positive note on Monday as new data suggested the Indian economy remains on a solid footing.

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Thai Shares Tipped To Open Under Water On Monday

The Thai stock market turned lower again on Friday, one day after snapping the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,235-point plateau and it's likely to open under pressure again on Monday.

RTTNews | 4s 26 dakika önce

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Monday, extending the losses in the previous session, following the broadly negative cues from Wall Street on Friday, with the Nikkei 225 falling below the 42,300 level, with weakness across most sectors led by tumbling technology stocks. Automakers were the only bright spot.

RTTNews | 4s 41 dakika önce

EURUSD	1.1721	GBPUSD	1.35273	AUDUSD	0.65407
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