TSX Ends On Firm Note

RTTNews | 1127天前

(RTTNews) - The Canadian market ended higher on Friday after staying positive right through the day's session, thanks largely to sustained buying at several counters in communications, consumer discretionary and industrials sectors.

The mood was cautious with investors assessing the possible move by the Federal Reserve at its December meeting. A few Fed officials, including St. Louis Federal Reserve President James Bullard have said interest rates need to be raised further in order to tame inflation.

The benchmark S&P/TSX Composite Index ended higher by 96.33 points or 0.48% at 19,980.91. The index shed about 0.6% in the week.

Communications shares BCE Inc (BCE.TO), Rogers Communications (RCI.B.TO) and Corus Entertainment Inc (CJR.B.TO) gained 1.8 to 2.3%.

In the consumer discretionary sector, Gildan Activewear (GIL.TO) climbed 3.5% and Spin Master Corp (TOY.TO) gained 2.4%. Canada Goose Holdings (GOOS.TO), Brp Inc (DOO.TO), Aritzia (ATZ.TO), Mty Food Group (MTY.TO), Dollarama (DOL.TO) and Linamar Corp (LNR.TO) gained 1 to 2%.

Gfi Environmental (GFL.TO), up 3.4%, topped the gainers in the industrials sector. Tfi International (TFII.TO) surged 2.6%, while Mullen Group (MTL.TO) and Thomson Reuters (TRI.TO) gained 2.15% and 2%, respectively.

Among healthcare stocks, Canopy Growth Corp (WEED.TO) plunged more than 9% and Tilray Inc (TLRY.TO) drifted down 4.6%.

On the economic front, data from Statistics Canada showed prices of raw materials in Canada increased 9% year-on-year in October, following an upwardly revised 12.7% jump in September. Month-over-month, the raw materials price index in Canada went up 1.3% to 145.6.

Another data from the same bureau showed producer prices in Canada rose by 2.4% month-over-month in October, the most since March, following a revised flat reading in September. On a yearly basis, producer prices rose by 10.1% after an upwardly revised 9.1% increase in the previous month.

Swiss Market Ends Modestly Higher As Stocks Rise In The Final Hour

After some positive moments till about an hour after the opening bell Friday morning, and a subsequent long spell in negative territory, the Swiss market climbed higher in the final hour to close on a firm note.

RTTNews | 8小时12分钟前

European Markets Close Higher As Stocks Recover After Cautious Start

European stocks closed higher on Friday, and several markets in the region climbed to fresh highs, with investors reacting to the interest rate decisions by major central banks. Expectations of more monetary easing by the Federal Reserve contributed as well to the positive mood in the markets.

RTTNews | 8小时38分钟前

TSX Climbs To New Record High As Technology, Materials Stocks Rise

After opening on a firm note, Canadian stocks gained further ground in positive territory Friday morning with several counters in materials, technology and healthcare sectors attracting strong buying interest.

RTTNews | 9小时25分钟前

U.S. Consumer Sentiment Rebounds Less Than Previously Estimated In December

Consumer sentiment in the U.S. rebounded by less than previously estimates in the month of December, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for December was downwardly revised to 52.9 from a preliminary reading of 53.3. Economists had expected the index to be upwardly revised to 53.4.

RTTNews | 10小时48分钟前

U.S. Existing Home Sales Rise Less Than Expected In November

Existing home sales in the U.S. saw a modest increase in the month of November, the National Association of Realtors revealed in a report released on Friday. NAR said existing home sales rose by 0.5 percent to an annual rate of 4.13 million in November after jumping by 1.5 percent to an upwardly revised rate of 4.10 million in October.

RTTNews | 10小时58分钟前

Russia Cuts Key Rate By 50 Bps As Expected

Russia's central bank cut its interest rate by 50 basis points on Friday but reiterated that it will maintain policy tight to bring inflation back to the target. The Board of Directors, led by Governor Elvira Nabiullina, decided to cut the key rate to 16.00 percent from 16.50 percent. The decision matched market expectations. The bank has lowered the interest rate by 400 basis points since Jun

RTTNews | 12小时47分钟前

Bay Street May Open Slightly Higher

The Canadian market, which snapped a four-day losing streak on Thursday, looks headed for a positive start Friday morning. Canadian retail sales data, and U.S. PCE reading are likely to make an impact.

RTTNews | 13小时27分钟前

FTSE 100 Flat In Cautious Trade

UK's FTSE 100 was flat a little past noon on Friday with investors largely refraining from making big moves. A report showing an improvement in consumer sentiment supported the market, while data showing an unexpected drop in retail sales appeared to render the mood cautious.

RTTNews | 14小时7分钟前

EURUSD	1.17054	GBPUSD	1.3377	AUDUSD	0.661
USDJPY	157.739	USDCAD	1.38	USDCHF	0.7953