TSX Ends 1.6% Up On Broad-based Buying After U.S. Inflation Data

RTTNews | 652 gün önce

(RTTNews) - The Canadian market ended on a buoyant note on Tuesday with investors picking up stocks across the board after data showing tamer than expected U.S. inflation raised hopes the Fed will not hike interest rates again.

Interest rate sensitive financials, real estate and utilities shares posted strong gains. Materials, healthcare and technology stocks rallied sharply. Several stocks from consumer discretionary, industrials and communications sectors too posted impressive gains.

The benchmark S&P/TSX Composite Index ended up 314.58 points or 1.6% at 20,023.73, rising past the 20,000 mark for the first time in almost two months.

The Labor Department said U.S. consumer price index was unchanged in October after climbing by 0.4% in September. Economists had expected consumer prices to inch up by 0.1%. Core consumer prices edged up by 0.2% in October after rising by 0.3% in September. Core prices were expected to rise by another 0.3%.

The report also said the annual rate of consumer price growth slowed to 3.2% in October from 3.7% in September. Economists had expected the pace of growth to decelerate to 3.3%.

In Canadian economic news, data released by Statistics Canada this morning showed car registrations in Canada increased to 163,279 units in September from 158,531 units in August.

The Real Estate Capped Index climbed 4.37%. Tricon Capital Group (TCN.TO) surged more than 8%. Crombie Real Estate (CRR.UN.TO), CT Real Estate Investment Trust (CRT.UN.TO), Colliers International (CIGI.TO) and Choice Properties (CHP.UN.TO) gained 5 to 6.2%.

The Health Care Capped Index climbed 2.97%. Chartwell Retirement Residences (CSH.UN.TO) gained 4.2%, Bausch Health Companies (BHC.TO) advanced 3.1%, Sienna Senior Living (SIA.TO) gained 2.75% and Tilray Inc (TLRY.TO) ended 1.7% up.

The Utilities Capped Index jumped 2.95%. Brookfield Renewable Partners (BEP.UN.TO) and Innergex Renewable Energy (INE.TO) gained 8.6% and 7%, respectively. Boralex Inc (BLX.TO) moved up 5.6%, while Algonquin Power & Utilities Corp (AQN.TO) and Northland Power (NPI.TO) both gained nearly 5%.

The Materials Capped Index surged 2.66% with several stocks climbing higher on strong bullion prices. K92 Mining Inc (KNT.TO) and Fortuna Silver Mines (FVI.TO) soared 10.4% and 10%, respectively. First Majestic Silver Corp (FR.TO), Interfor Corp (IFP.TO), Seabridge Gold Inc (SEA.TO), MAG Silver Corp (MAG.TO), Pan American Silver Corp (PAAS.TO) and Lundin Mining Corp (LUN.TO) gained 5.5 to 8.5%.

In the financials sector, Sun Life Financial Inc (SLF.TO) gained about 3.75% after reporting stronger than expected quarterly earnings.

National Bank of Canada (NA.TO), ONEX Corp (ONEX.TO), CDN Western Bank (CWB.TO), Bank of Montreal (BMO.TO), Canadian Imperial Bank of Commerce (CM.TO), Royal Bank of Canada (RY.TO), Laurentian Bank (LB.TO), Bank of Nova Scotia (BNS.TO) and Toronto-Dominion Bank (TD.TO) posted impressive gains.

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.

RTTNews | 1s 0 dakika önce

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.

RTTNews | 1s 53 dakika önce

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.

RTTNews | 1s 54 dakika önce

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

RTTNews | 3s 20 dakika önce

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.

RTTNews | 3s 35 dakika önce

Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect

Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.

RTTNews | 4s 5 dakika önce

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.

RTTNews | 4s 17 dakika önce

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.

RTTNews | 4s 25 dakika önce

EURUSD	1.16378	GBPUSD	1.35054	AUDUSD	0.65122
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