Canadian Market Up Firmly In Positive Territory

RTTNews | 824天前
Canadian Market Up Firmly In Positive Territory

(RTTNews) - The Canadian market is high up in positive territory a little past noon on Friday with stocks from across several sectors moving higher on strong buying support.

The mood is bullish thanks to the passage of the bipartisan bill to raise U.S. debt ceiling into 2025 and cut the deficit. Easing concerns about interest rate following a few Fed officials suggesting a pause in policy tightening also aid sentiment.

Data from Labor Department that showed non-farm employment soared by 339,000 jobs in May after spiking by an upwardly revised 294,000 jobs in April, helped as well.

Economists had expected employment to climb by 190,000 jobs compared to the jump of 253,000 jobs originally reported for the previous month.

The benchmark S&P/TSX Composite Index is up 281.25 points or 1.43% at 19,953.50 nearly half an hour past noon.

Industrials, energy, real estate, consumer discretionary, financials and utilities are among the major gainers.

Magna International (MG.TO), Teck Resources (TECK.B.TO), Methanex Corporation (MX.TO), Precision Drilling Corporation (PD.TO) and Teck Resources (TECK.A.TO) are up 4 to 5%.

Canadian Pacific Kansas City (CP.TO), Colliers International (CIGI.TO), West Fraser Timber (WFG.TO), BRP Inc (DOO.TO), WSP Global (WSP.TO), National Bank of Canada (NA.TO), Toromont Industries (TIH.TO) and TFI International (TFII.TO) are gaining 2 to 3%.

read more
Australian Market Extends Early Strong Gains In Mid-market

Australian Market Extends Early Strong Gains In Mid-market

The Australian market is extending its early strong gains in mid-market moves on Thursday, snapping a four-session losing streak, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,800 level, with gains in mining, financial and technology stocks partially offset by weakness in energy stocks.
RTTNews | 55分钟前
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, as traders remain optimistic that the US Fed will lower interest rates by at least a quarter point later this month after a report showed job openings in the U.S. fell to their lowest level in ten months in July. Asian markets closed mostly lower on Wednesday.
RTTNews | 1小时16分钟前
Sensex, Nifty Seen Higher As Investors React To GST Meeting Outcome

Sensex, Nifty Seen Higher As Investors React To GST Meeting Outcome

Indian shares look set to open higher on Thursday after the Goods and Services Tax (GST) Council approved a new dual-slab structure of 5 percent and 18 percent, and scrapped the existing 12 percent and 28 percent rates, in a landmark move aimed at simplifying India's indirect tax regime.
RTTNews | 1小时59分钟前
Thai Shares Tipped To Open In The Green On Thursday

Thai Shares Tipped To Open In The Green On Thursday

The Thai stock market has moved higher in three straight sessions, adding almost 24 points or 2 percent in that span. The Stock Exchange of Thailand now sits just shy of the 1,260-point plateau and it's got a positive lead again for Thursday's trade.
RTTNews | 2小时28分钟前
Additional Support Predicted For Indonesia Stock Market

Additional Support Predicted For Indonesia Stock Market

The Indonesia stock market has moved higher in back-to-back sessions, gathering almost 140 points or 1.8 percent along the way. The Jakarta Composite Index now rests just above the 7,885-point plateau and it's expected to open to the upside again on Thursday.
RTTNews | 2小时58分钟前
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese market is trading significantly higher on Thursday, reversing the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving up 500 points to well above the 42,400 level, with gains across all sectors led by index heavyweights and technology stocks.
RTTNews | 3小时2分钟前
Hong Kong Shares Poised To End Losing Streak

Hong Kong Shares Poised To End Losing Streak

The Hong Kong stock market has moved lower in two straight sessions, sinking more than 270 points or 1.1 percent in that span. The Hang Seng Index now sits just shy of the 25,350-point plateau although it may stop the bleeding on Thursday.
RTTNews | 3小时13分钟前
Australian Market Notably Higher

Australian Market Notably Higher

The Australian market is trading notably higher on Thursday, snapping a three-session losing streak, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,800 level, with gains in mining, financial and technology stocks partially offset by weakness in energy stocks.
RTTNews | 3小时27分钟前