Canadian Market Ends Weak For 2nd Straight Day, Sheds 1.6% In Week

RTTNews | 256 ngày trước

(RTTNews) - The Canadian market closed weak on Friday, amid concerns about global economic growth and tariff hike threats by U.S. President-elect Donald Trump. Materials, communications and real estate stocks were the major losers.

The benchmark S&P/TSX Composite Index, which opened slightly down, fell to a low of 25,216.42 and ended the day's session at 25,274.30 with a loss of 136.41 points or 0.54%. The index shed about 1.6% in the week.

Enghouse Systems (ENGH.TO) tanked nearly 13% after reporting a drop in net income in the fourth quarter of this fiscal. The company reported net income of $22.6 million, compared to $25.1 million in the year-ago quarter.

TerraVest Industries (TVK.TO) closed down 7.2% on lower quarterly earnings. The company reported fourth-quarter net income of $12.83 million, compared to $17.39 million in the year-ago quarter.

Endeavour Mining (EDV.TO), Cameco Corporation (CCO.TO), West Fraser Timber (WFG.TO), Cargojet (CJT.TO), Teck Resources (TECK.B.TO) and Waste Connections (WCN.TO) lost 2.3 to 3.2%.

Dye & Durham (DND.TO) zoomed 11.4%. Celestica Inc (CLS.TO) jumped 9.1%. Tecsys (TCS.TO), Velan Inc (VLN.TO) and Capital Power Corporation (CPX.TO) also closed with strong gains.

On the economic front, data from Statistics Canada showed manufacturing sales in the country rose 2.1% month-over-month in October, rising for the first time in three months.

Wholesale sales in Canada rose 1% month-over-month in October, extending the revised 1.3% increase in September.

Canadian industries operated at 79.3% of their production capacity in the third quarter of this year, up slightly from 79.1% in the second quarter.

Car registrations in Canada dropped to 163,577 units in October from 166,557 units in September, a report from Statistics Canada showed.

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 | 1h 16phút trước

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 | 1h 51phút trước

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 | 2h 40phút trước

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 | 2h 44phút trước

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 | 4h 10phút trước

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 | 4h 29phút trước

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 | 4h 40phút trước

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 | 4h 46phút trước

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