TSX Rises As Materials Stocks Surge; Celestica Soars On Strong Earnings

RTTNews | 3 jam 41 menit yang lalu

(RTTNews) - After initial weakness, the Canadian market gained in strength on Tuesday, led by gains in materials stocks in particular, and to a lesser extent in technology and financial sectors.

Energy stocks fell as oil prices fell, but the commodity's decline helped ease concerns about inflation, contributing notably to the positive mood in the market.

Investors looked ahead to monetary policy announcements from the Bank of Canada and the Federal Reserve.

The benchmark S&P/TSX Composite Index was up 200.20 points or 0.57% at 36,144.36 a little while ago.

The Materials Capped Index climbed nearly 2.5% as stocks tracked gains in precious metals. Perpetua Resources, Lithium Americas Corp, Capstone Copper, Eldorado Corporation, Vizsla Silver Corp., Southern Cross Gold, G Mining Ventures, Hudbay Minerals, Ivanhoe Mines, Ero Copper and First Quantum Minerals gained 4.8%-9%.

In the financial sector, IA Financial Corporation, Power Corporation of Canada, Igm Financial, Bank of Montreal, Canadian Imperial Bank of Commerce, Manulife Financial, National Bank of Canada, Bank of Nova Scotia and Great-West Lifeco gained 1%-2%.

Celestica soared nearly 13% thanks to upbeat earnings report. The company reported third-quarter revenue of $5.83 billion and adjusted EPS of $3.30, up 83% and 109%, respectively, compared to the year-ago quarter.

BlackBerry and Tecsys moved up 4.5% and 3.2%, respectively. Coveo Solutions gained about 0.7%.

Ballard Power Systems surged 7.5%. Aurora Cannabis, Cameco, Aecon, TransAlta, Aritzia, Badger Infrastructure Solutions, BRP, Bomardier, TFI International, Canadian National Railway, Finning International and Canadian Pacific Railway also posted strong gains.

Thomson Reuters, Vermilion Energy, Cenovus Energy, Dundee Precious Metals, Rogers Communications, Parex Resources, Imperial Oil, Suncor Energy, Kinaxis, Descartes Systems Group, CGI Inc., Enghouse Systems and Canadian Natural Resources declined sharply.

baca selengkapnya

New Zealand Interest Rate Decision Due On Wednesday

The Reserve Bank of New Zealand will on Wednesday wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBNZ is expected to hike its Official Cash Rate (OCR) by 25 basis points, to 3.00 percent from 2.75 percent.

RTTNews | 25 menit yang lalu

U.S. Dollar Advances Ahead Of Fed's Rate Decision While Middle East Tensions Continue

The U.S. Dollar value edged higher on Tuesday as investors are bracing for the interest rate announcement by the U.S. Federal Reserve tomorrow while Middle East concerns persist with a breakthrough in U.S.-Iran peace efforts remaining elusive.

RTTNews | 1 jam 22 menit yang lalu

Swiss SMI Closes 0.4% Higher After Mid-Day Volatility

Switzerland's benchmark SMI index gained 58.68 points to close at 14,597.63 after fluctuating between gains and losses throughout Tuesday's session. VAT Group led gainers with a 3.5% climb, while Galderma Group declined over 3%.

RTTNews | 4 jam 36 menit yang lalu

European Equities Rally On Tech Strength Amid Policy Watch

European stocks ended Tuesday higher on technology gains tied to artificial intelligence developments, including Nvidia's partnership with Meta. The Stoxx 600 advanced 0.5% as investors watched for upcoming central bank policy decisions.

RTTNews | 5 jam 0 menit yang lalu

U.S. Consumer Confidence Unexpectedly Sees Substantial Improvement In October

Consumer confidence in the U.S. has unexpectedly seen a substantial improvement in the month of October, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index jumped to 91.7 in October from an upwardly revised 84.2 in September.

RTTNews | 7 jam 22 menit yang lalu

U.S. New Home Sales Pull Back Much Less Than Expected In September

A report released by the Commerce Department on Tuesday showed a modest pullback in new home sales in the U.S. in the month of September. The Commerce Department said new home sales fell by 0.6 percent to an annual rate of 676,000 in September after surging by 5.1 percent to a revised rate of 680,000 in August.

RTTNews | 7 jam 35 menit yang lalu

Boeing Q3 Loss Narrows, Commercial Airplanes Revenues Drop; Shares Down

Aerospace and defense major Boeing Co. reported Tuesday that its third-quarter net loss narrowed sharply, while it recorded an operating profit, compared to prior year's loss, amid lower expenses and higher revenues. Commercial Airplanes revenue, meanwhile, dropped from last year, despite higher deliveries. In the morning trading on the NYSE, the shares were losing 3.64 percent.

RTTNews | 7 jam 52 menit yang lalu

U.S. Durable Goods Orders Jump 1.8% In September, More Than Expected

Largely reflecting a surge in orders for transportation equipment, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured durable goods shot up by more than expected in the month of September. The Commerce Department said durable goods orders jumped by 1.8 percent in September following a revised 0.1 percent uptick in August.

RTTNews | 8 jam 9 menit yang lalu

EURUSD	1.11298	GBPUSD	1.33057
USDJPY	157.945	USDCAD	1.40477