Canadian Market Up On Trade Deal Hopes

RTTNews | 41 gün önce

(RTTNews) - The Canadian market hit a fresh record high Wednesday morning, and amid selective buying, remains in positive territory around noon, thanks to rising optimism about several nations striking trade deals with the U.S. before the August 1 deadline.

Prospects of trade deals between U.S. and several countries have increased after U.S. President Donald Trump announced trade deals with Japan and the Philippines.

The "largest ever" U.S. trade deal with Japan features a 15 percent tariff on Japanese exports and includes a commitment from Tokyo to invest $550 billion in the United States and open its markets for American vehicles, rice, and other agricultural goods.

Energy, technology and financials stocks are finding fairly good support. A few stocks from utilities, consumer discretionary and healthcare sectors are also up in positive territory with notable gains. Industrials are a bit weak.

The benchmark S&P/TSX Composite Index, which climbed to 27,4672.27, a new high, was up 81.72 points or 0.3% at 27,446.15 at noon.

Terravest Capital is up 2.3%, topping the list of gainers in the Energy Index. Advantage Oil & Gas, Enerflex, Cenovus Energy, Paramount Resources, Athabasca Oil Corp and Suncor Energy are gaining 1.3 to 2%.

Celestica, up nearly 7%, is the top gainer in the technology section. Computer Modelling Group is up 1.85%, while Tecsys, Open Text Corp., BlackBerry and Kinaxis are gaining 1.2 to 1.6%.

Among financials, Brookfield Asset Management is up 2.5% and Brookfield Corporation is up nearly 2%. Manulife Financial, Onex Corp, Igm Financial, Power Corporation of Canada and Trisura Group are up 1.3 to 1.75%.

Capital Power Corp (up 7%), TransAlta Corp (up 2.7%), Bausch Health Companies (up 1.2%), Gildan Activewear (up 1.6%), Linamar Corp (up 1.5%) and Magna International (up 1.4%) are some of the other notable gainers.

Orla Mining and Canadian National Railway are down 4.7% and 4.2%, respectively. Novagold is down 2.3%, while Torex Gold Resources, Iamgold Corp, Centerra Gold, New Gold, Shopify, Wesdome Gold Mines and Lundin Gold are down 1.7 to 2.3%.

In economic news, data from Statistics Canada showed new home prices in Canada fell 0.2% in June, marking the third consecutive monthly decline.

Sensex, Nifty Marginally Higher In Early Trade

Indian shares were marginally higher on Wednesday despite rising oil prices and weak cues from global markets.

RTTNews | 58 dakika önce

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.

RTTNews | 1s 48 dakika önce

Asian Markets Trade Mixed

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RTTNews | 1s 51 dakika önce

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RTTNews | 3s 22 dakika önce

Win Streak May End For Thai Stock Market

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RTTNews | 3s 45 dakika önce

Japanese Market Modestly Lower

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RTTNews | 4s 10 dakika önce

Lower Open Called For Hong Kong Stock Market

The Hong Kong stock market on Wednesday ended the two-day winning streak in which it had picked up almost 620 points or 2.4 percent. The Hang Seng Index now sits just shy of the 25,500-point plateau and it's expected to open in the red again on Wednesday.

RTTNews | 4s 30 dakika önce

Australian Market Notably Lower

Australian shares are trading notably lower on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.

RTTNews | 4s 32 dakika önce

EURUSD	1.16269	GBPUSD	1.3361	AUDUSD	0.65087
USDJPY	148.642	USDCAD	1.38	USDCHF	0.8054