TSX Slips After Hitting New High, Ends Modestly Lower

RTTNews | 260 gün önce

(RTTNews) - The Canadian market hit a new record high in early trades on Monday, but soon slipped and fell into negative territory and stayed weak right till the end of the session as investors stayed cautious, looking ahead to the Bank of Canada's policy announcement and a slew of crucial economic data from the U.S.

The benchmark S&P/TSX Composite Index, which posted a new high at 25,843.20 early on in the session, closed down 66.38 points or 0.26% at 25,625.42.

Utilities, technology, industrials and communications shares closed weak. Materials shares climbed higher on firm metal prices. Healthcare and consumer discretionary stocs were among the other notable gainers.

Ssr Mining Inc (SSRM.TO), up 12.1%, was the top gainer in the Materials Capped Index. Fortuna Silver Mines (FVI.TO), Silvercrest Metals (SIL.TO), Orla Mining (OLA.TO), First Majestic Silver Corp (AG.TO), Torex Gold Resources (TXG.TO), Pan American Silver Corp (PAAS.TO), Eldorado Gold (ELD.TO), Ero Copper (ERO.TO), Hudbay Minerals (HBM.TO), Capstone Mining (CS.TO), Teck Resources (TECK.B.TO) and MAG Silver Corp (MAG.TO) gained 4 to 8%.

Healthcare stocks Bausch Health Companies (BHC.TO) and Tilray Inc (TLRY.TO) climbed 3.8% and 2.75%, respectively.

In the consumer discretionary sector, Brp Inc (DOO.TO) rallied about 4.2%. Mty Food Group (MTY.TO) and Canadian Tire Corporation (CTC.A.TO) gained 2.3% and 2.1%, respectively. Restaurant Brands International (QSR.TO), Linamar Corp (LNR.TO) and Magna International (MG.TO) also posted strong gains.

Ballard Power Systems (BLDP.TO) gained about 5.3% after the company announced that it has signed a signed a multi-year supply agreement with Stadler U.S., to supply 8 megawatts of fuel cell engines to power trains for the California Department of Transportation (Caltrans).

VersaBank (VBNK.TO) tanked 11.4% after announcing net income of $5.52 million for the quarter ended October 31, 2024, compared to net income of $124.8 million the corresponding quarter last year.

Molson Coors Canada (TPX.A.TO) tumbled 11.4%. Hut 8 Corp (HUT.TO) plunged nearly 10%. Capital Power Corporation (CPX.TO), Cameco Corporation (CCO.TO), Celestica Inc (CLS.TO), AtkinsRealis (ATRL.TO), Cogeco Communications (CCA.TO), Cogeco Inc (CGO.TO), CCL Industries (CCL.A.TO), Shopify Inc (SHOP.TO), Bank of Montreal (BMO.TO), WSP Global (WSP.TO) and Fairfax Financial Holdings (FFH.TO) also posted strong gains.

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 | 34 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 9 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 | 1s 58 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 2 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 29 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 47 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 | 3s 59 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 5 dakika önce

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