TSX Rises Past 25k Mark, Ends 1.5% Up

RTTNews | 160 gün önce

(RTTNews) - The Canadian market ended on a buoyant note on Wednesday with its benchmark S&P/TSX Composite Index climbing past 25,000 mark thanks to strong gains in technology, consumer staples, energy and financials sectors.

Investors continued to assess the impact of Trump's tariffs, and digested the Federal Reserve's policy announcement. The U.S. central bank announced its widely expected decision to once again leave interest rates unchanged, but projections signaled the central bank is still likely to lower rates later this year.

The S&P/TSX Composite Index closed up 363.14 points or 1.47% at 25,069.21, nearly 50 points off the day's high of 25,115.52.

Technology stocks gained, tracking the rally by U.S. tech stocks. The Information Technology Capped Index climbed 3.19%. The Consumer Staples Index surged 2.79%, the Energy Capped Index gained nearly 2%, and the Financials Index jumped 1.22%.

Shopify climbed nearly 8.5% after it announced it will change its US listing to the Nasdaq from the NYSE.

Alimentation Couche-Tard gained nearly 6.5% on strong quarterly earnings. First Quantum Minerals also gained 6.5%. Birchcliff Energy closed 6.25% up.

Celestica, Corus Entertainment, Advantage Oil & Gas, AtkinsRealis, Baytex Energy, Computer Modelling, Interfor, Brookfield, Novagold Resources, Bombardier, Jamieson Wellness, Cineplex, Real Maters, Canfor, Brookfield Infrastructure Partners and Whitecap Resources gained 3 to 5.4%.

Tilray, MAG Silver and Boyd Services lost 4.2 to 5.3%. Boyd Group shares shed ground as the company reported net earnings of US$ 2.4 million of US$ 0.11 per share for the three months ended December 31, 2024, compared with US $19.1 million or US $0.89 per share a year earlier.

Quebecor, Linamar, Canopy Growth Corporation, BCE Inc., Silvercorp Metals, Magna International, Cronos Group and Emera Inc closed lower by 1 to 2.2%.

Australia Inflation Accelerates To 1-Year High

Australia's consumer price inflation accelerated more than expected to a one-year high in July, indicating a more gradual approach to monetary policy easing. The CPI indicator advanced 2.8 percent year-on-year in July, following June's 1.9 percent rise, the Australian Bureau of Statistics reported. This was the strongest since July 2024.

RTTNews | 39 dakika önce

European Economic News Preview: German GfK Consumer Confidence Due

Consumer sentiment survey data from Germany is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the market research group GfK publishes Germany's monthly consumer confidence survey results. The consumer sentiment indicator is forecast to fall to -22 in September from -21.5 in August.

RTTNews | 1s 14 dakika önce

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.

RTTNews | 2s 4 dakika önce

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation, which could impact the outlook for interest rates.

RTTNews | 2s 7 dakika önce

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.

RTTNews | 3s 34 dakika önce

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.

RTTNews | 3s 52 dakika önce

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | 4s 4 dakika önce

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.

RTTNews | 4s 10 dakika önce

EURUSD	1.16179	GBPUSD	1.34544	AUDUSD	0.64855
USDJPY	147.878	USDCAD	1.38411	USDCHF	0.80494