Canadian Market Down In Negative Territory

RTTNews | 662 ngày trước

(RTTNews) - The Canadian market is down in negative territory Thursday afternoon, weighed down by losses in real estate, communications, materials and utilities sectors.

Healthcare stocks are finding support, while shares from other sectors are turning in a mixed performance.

Investors are largely reacting to quarterly earnings news from Canadian companies.

The benchmark S&P/TSX Composite Index is down 144.09 points or 0.7% at 20,417.55.

Aecon Group Inc. (ARE.TO) shares are plunging more than 16%. Colliers International (CIGI.TO) is down 7.4%. West Fraser Timber (WFG.TO), Agnico Eagle Mines (AEM.TO), Franco-Nevada Corporation (FNV.TO), Molson Coors Canada (TPX.B.TO) and Kinaxis Inc (KXS.TO) are down 2 to 3%.

TFI International (TFII.TO), Waste Connections (WCN.TO), Bank of Montreal (BMO.TO) and Canadian Tire Corporation (CTC.A.TO) are also notably lower.

Ag Growth International (AFN.TO) rallied 2.6%. Teck Resources (TECK.A.TO) and Fairfax Financial Holdings (FFH.TO) are down 2.4% and 2%, respectively.

Cenovus Energy Inc. (CVE.TO) is gaining more than 3% after the company reported second-quarter net earnings of $866 million, compared with $636 million in the previous quarter.

Canadian Utilities Ltd. (CU.TO) reported adjusted net earnings of $100 million, or $0.37 per share for the second quarter, compared to $136 million, or $0.51 per share, in the second quarter of the previous year. The stock is down 1.5%.

FirstService Corporation (FSV.TO) is down more than 1% despite a surge in quarterly earnings. The company reported consolidated revenues of $1.12 billion for the second quarter, up 20% compared to consolidated revenues in the year-ago quarter.

ATCO Ltd. (ACO.TO) is down 2.5%. The company yposted adjusted net earnings of $87 million ($0.77 per share) in the second quarter, $5 million ($0.04 per share) lower compared to $92 million ($0.81 per share) in the second quarter of 2022.

On the economic front, a report from the Canadian Federation of Independent Business said Canada's CFIB Business Barometer long-term optimism index edged higher by 0.2 points from the previous month to 54.2 in July.

Japan Stock Market May Snap Losing Streak

The Japanese stock market has moved lower in four straight sessions, dropping more than 700 points or 2 percent along the way. The Nikkei 225 now sits just beneath the 37,500-point plateau although it may stop the bleeding on Tuesday.

RTTNews | 16 phút trước

South Korea Shares Likely To Remain Rangebound

The South Korea stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had advanced more than 60 points or 2.4 percent. The KOSPI now sits just above the 2,600-point plateau and it's expected to hold steady in that neighborhood again on Tuesday.

RTTNews | 31 phút trước

Australia Rate Decision Due On Tuesday

The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is widely expected to trim its benchmark lending rate to 3.85 percent from the current 4.10 percent.

RTTNews | 1h 31phút trước

Euro Retreats Against Majors

The euro retreated against its major counterparts in the New York session on Monday.

RTTNews | 3h 37phút trước

Swiss Market Turns Positive In Closing Minutes, Ends Slightly Up

The Switzerland market closed marginally up on Monday thanks to a few stocks finding some good support in the closing hour of the session. The sentiment was weak for much of the day's session as Moody's downgraded the United States' sovereign credit rating.

RTTNews | 6h 9phút trước

European Stocks Rise In Late Afternoon Trades, Close On Mixed Note

After languishing in negative territory for much of the day's trading session, European stocks closed mixed on Monday with several markets seeing some brisk buying at several key counters past mid afternoon.

RTTNews | 6h 38phút trước

Ryanair FY25 Profit Down, But Stock Climbs On Revenue And Traffic Growth, Positive Outlook

Shares of Ryanair Holdings Plc. were gaining around 6 percent in the early morning trading on the Nasdaq after the Irish low-cost airline reported Monday higher revenues and traffic in fiscal 2025, despite delivery delays from aerospace major Boeing Co. The company marked as the first airline in European Union to carry 200 million guests in one year. Meanwhile, Ryanair recorded weak annual profit.

RTTNews | 9h 0phút trước

U.S. Leading Economic Index Slumps More Than Expected In April

The Conference Board released a report on Monday showing its reading on leading U.S. economic indicators slumped by more than expected in the month of April. The report said the leading economic index tumbled by 1.0 percent in April after sliding by a downwardly revised 0.8 percent in March.

RTTNews | 9h 20phút trước

EURUSD	1.12335	GBPUSD	1.3359	AUDUSD	0.6455
USDJPY	144.931	USDCAD	1.39584	USDCHF	0.83508

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Canadian Market Down In Negative Territory