TSX Modestly Higher As Materials, Energy Stocks Gain

RTTNews | 5天前

(RTTNews) - The Canadian market is modestly higher Wednesday afternoon, lifted by strong gains in materials and energy sectors.

The mood remains a bit cautious ahead of the Federal Bank's symposium in Jackson Hole, Wyoming, where several central bank chiefs including Fed Chair Jerome Powell are set to make speeches.

The benchmark S&P/TSX Composite Index was up 70.07 points or 0.25% at 27,893.95 a little while ago.

The Materials Capped Index is up 1.7% and the Energy Capped Index up 0.85%, with several stocks from these sectors rising sharply thanks to firm commodity prices.

G Mining Ventures Corp is rising 6.3%, and Barrick Mining Corp is gaining 4.1%. Agnico Eagle Mines, Orla Mining, Franco-Nevada Corp, New Gold, Aya Gold & Silver, Centerra Gold, Wheaton Precious Metals, Iamgold Corp and Eldorado Gold are up 2 to 3%.

Energy stocks Terravest Capital, PrairieSky Royalty, Canadian Natural Resources, Imperial Oil, Enerflex, Birchcliff Energy, Ces Energy Solutions, Parex Resources and Cenovus Energy are gaining 1 to 2%.

Fortis, TransCanada, George Weston, Open Text Corporation and CT Real Estate are among the notable gainers from other sectors.

Cameco Corporation and Corus Entertainment are down by more than 5%. Canopy Growth Corp, Lightspeed Commerce, Restaurant Brands International, Air Canada, Cronos Group, Gildan Activewear, West Fraser Timber, Baush Health Companies and Brp Inc. are down 2 to 4%.

In economic news, data from Statistics Canada showed new home pricesin Canada fell 0.1% month-over-month in July, marking the fourth consecutive monthly decline.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | 55分钟前

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious 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. Asian markets closed mostly higher on Monday.

RTTNews | 1小时16分钟前

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 1小时47分钟前

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2小时27分钟前

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 2小时54分钟前

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to 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 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2小时57分钟前

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 3小时12分钟前

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 3小时14分钟前

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