Canadian Market Recovers After Early Setback, Ends Just Marginally Down

RTTNews | vor 41 Tagen

(RTTNews) - Canadian stocks tumbled after a slightly flat start Tuesday morning, but recovered gradually as the day's session progressed and eventually ended with a marginal loss.

The market dropped to the session's low around noon, and then kept paring losses on bargain hunting.

The mood in the market was cautious as investors awaited key U.S. inflation data, and the European Central Bank's monetary policy this week.

The benchmark SMI, which was down by about 235 points at 22,791.55 at noon, ended the day's session with just a marginal loss of 24.06 points or 0.1% at 23,003.09.

Materials, healthcare, real estate and technology stocks were among the prominent gainers, while energy and consumer discretionary stocks declined sharply.

Canadian Natural Resources (CNQ.TO), Alimentation Couche-Tard (ATD.TO), TC Energy Corporation (TRP.TO), Suncor Energy (SU.TO), Imperial Oil (IMO.TO), BCE Inc (BCE.TO), Cenovus Energy (CVE.TO), Dollarama Inc (DOL.TO), Telus Corp (T.TO), Nutrien (NTR.TO) and Magna International (MG.TO) were among the major losers.

Lundin Gold (LUG.TO), Celestica Inc (CLS.TO), Endeavour Mining (EDV.TO), Quebecor (QBR.TO), Pan American Silver Corp (PAAS.TO), IA Financial Corporation (IAG.TO), Alamos Gold (AGI.TO), Opex Text Corporation (OTEX.TO), First Quantum Minerals (FM.TO), Kinross Gold Corp (K.TO) and Power Corporation of Canada (POW.TO) rallied sharply.

WSP Global (WSP.TO), Wheaton Precious Metals (WPM.TO), Fairfax Financial Holdings (FFH.TO), Franco-Nevada Corp (FNV.TO), Barrick Gold Corporation (ABX.TO) and Agnico Eagle Mines (AEM.TO) also posted strong gains.

Centamin plc (CEE.TO) shares soared 23.5%. The company reported gold production of 93,278 ounces or oz in the second quarter, and gold sales of 102,563 oz from the Sukari Gold Mine.

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Tuesday, following the mixed cues from Wall Street overnight, as bond yields surged on cooling expectations on US Fed interest rate cuts. Traders also booked some profits after the recent up surge in the markets. The uncertainty over wars in the Middle East and Europe as well as the U.S. presidential election is weighing on market sentiment.

RTTNews | vor 4Std 42 Minuten

Japanese Market Sharply Lower

The Japanese stock market is sharply lower on Tuesday, adding to the slight losses in the previous session, with the Nikkei 225 falling to stay a tad above the 38,400 level, following the mixed cues from Wall Street overnight, with weakness across most sectors led by index heavyweights and technology stocks.

RTTNews | vor 5Std 15 Minuten

Sensex, Nifty Seen Lower As Bond Yields Surge

Indian shares are likely to open lower on Tuesday as investors react to weak global cues and an uptrend in oil prices overnight amid heightened tensions in the Middle East.

RTTNews | vor 5Std 16 Minuten

Thai Stock Market May Take Further Damage On Tuesday

The Thai stock market has tracked lower in two straight sessions, slipping more than 6 points or 0.4 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,490-point plateau and it's looking at another soft start again on Tuesday.

RTTNews | vor 5Std 41 Minuten

Australian Market Sharply Lower

Reversing the gains in the previous session, the Australian stock market is trading sharply lower on Tuesday, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,300 level, with weakness across most sectors led by energy and technology stocks. Gold miner stocks were the only bright spot.

RTTNews | vor 6Std 5 Minuten

Indonesia Stock Market Due For Consolidation On Tuesday

The Indonesia stock market has tracked higher in seven straight sessions, climbing more than 285 points or 3.9 percent along the way. The Jakarta Composite Index now rests just above the 7,770-point plateau although investors figure to lock in gains on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead. The JCI finished slightly higher on Monday following mixed performances from the financial shares and resource stocks. For the day, the index added 12.54 points or 0.16 percent to finish at 7,772.60 after trading between 7,739.89 and 7,795.09. Among the actives, Bank CIMB Niaga dipped 0.26 percent, while Bank Mandiri collected 0.35 percent, Bank Danamon Indonesia rose 0.38 percent, Bank Negara Indonesia fell 0.44 percent, Bank Central Asia shed 0.70 percent, Bank Rakyat Indonesia added 0.40 percent, Bank Maybank Indonesia advanced 0.88 percent, Indosat Ooredoo Hutchison improved 0.82 percent, Indocement tumbled 1.92 percent, Semen Indonesia stumbled 2.43 percent, Indofood Sukses Makmur slid 0.34 percent, Astra International soared 3.66 percent, Energi Mega Persada spiked 3.45 percent, Astra Agro Lestari sank 0.74 percent, Aneka Tambang surged 4.00 percent, Vale Indonesia rallied 3.16 percent, Timah jumped 1.87 percent, Bumi Resources dropped 0.72 percent and United Tractors and Jasa Marga were unchanged.

RTTNews | vor 6Std 11 Minuten

Hong Kong Shares Tipped To Open In The Red

The Hong Kong stock market headed south again on Monday, one session after halting the four-day losing streak in which it had stumbled almost 1,100 points or 5.2 percent. The Hang Seng Index now sits just above the 20,475-point plateau and it's looking at another soft start again on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead.

RTTNews | vor 6Std 26 Minuten

Soft Start Predicted For China Stock Market

The China stock market has finished higher in back-to-back sessions, gathering almost 100 points or 3 percent along the way. The Shanghai Composite now sits just beneath the 3,270-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead. The SCI finished slightly higher on Monday following mixed performances from the property stocks and resource companies, while the financials and oil companies were down. For the day, the index rose 6.55 points or 0.20 percent to finish at 3,268.11 after trading between 3,239.10 and 3,300.66. The Shenzhen Composite Index jumped 30.10 points or 1.58 percent to end at 1,936.97. Among the actives, Industrial and Commercial Bank of China tanked 2.53 percent, while Bank of China declined 1.98 percent, China Construction Bank dropped 1.93 percent, China Merchants Bank lost 0.51 percent, Agricultural Bank of China stumbled 2.42 percent, China Life Insurance rose 0.21 percent, Jiangxi Copper jumped 1.90 percent, Aluminum Corp of China (Chalco) rallied 2.46 percent, Yankuang Energy strengthened 1.83 percent, PetroChina sank 0.94 percent, China Petroleum and Chemical (Sinopec) fell 0.30 percent, Huaneng Power shed 0.57 percent, China Shenhua Energy retreated 1.57 percent, Gemdale soared 2.43 percent, Poly Developments spiked 2.77 percent and China Vanke tumbled 1.92 percent.

RTTNews | vor 6Std 41 Minuten

EURUSD	1.08172	GBPUSD	1.29923	AUDUSD	0.66835
USDJPY	150.966	USDCAD	1.38287	USDCHF	0.86516