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Technology, Materials Stocks Rally, Lift TSX Up Sharply
The Canadian market is up sharply around noon on Wednesday, lifted by strong gains in technology, materials and energy sectors. Several stocks from real estate, consumer discretionary and industrials sectors are also up with impressive gains.
Recent soft inflation data and firm commodity prices contribute to market's sharp upmove.
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206 days ago
U.S. Industrial Production Climbs 0.7% In January, More Than Expected
Partly reflecting a surge in utilities output, the Federal Reserve released a report on Wednesday showing industrial production in the U.S. increased by more than expected in the month of January. The Fed said industrial production grew by 0.7 percent in January after rising by a downwardly revised 0.2 percent in December.
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206 days ago
U.S. Housing Starts, Building Permits Exceed Estimates In December
A report released by the Commerce Department on Wednesday showed a sharp increase in new residential construction in the U.S. in the month of December. The Commerce Department said housing starts spiked by 6.2 percent to an annual rate of 1.404 million in December after jumping by 3.9 percent to an annual rate of 1.322 million in November.
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206 days ago
U.S. Durable Goods Orders Pull Back Much Less Than Expected In December
New orders for U.S. manufactured durable goods pulled back by much less than expected in the month of December, according to a report released by the Commerce Department on Wednesday. The Commerce Department said durable goods orders slumped by 1.4 percent in December after spiking by an upwardly revised 5.4 percent in November.
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206 days ago
U.S. Industrial Production Climbs More Than Expected In January
Partly reflecting a surge by utilities output, the Federal Reserve released a report on Wednesday showing industrial production in the U.S. increased by more than expected in the month of January.
RTTNews
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206 days ago
U.S. Housing Starts Surge 6.2% In December
A report released by the Commerce Department on Wednesday showed a sharp increase in new residential construction in the U.S. in the month of December.
RTTNews
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206 days ago
U.S. Durable Goods Orders Slump Less Than Expected In December
New orders for U.S. manufactured durable goods pulled back by less than expected in the month of December, according to a report released by the Commerce Department on Wednesday.
RTTNews
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206 days ago
more news
Bay Street Likely To Open On Firm Note On Commodities Strength
Canadian shares look headed for a positive start Wednesday morning as some strong buying is expected in materials and energy stocks amid rising commodity prices. Easing geopolitical tensions, and recent soft inflation data may also aid sentiment.
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206 days ago
FTSE 100 Rises Sharply; Banks, Miners Move Higher
The FTSE 100 index of the UK stock market is fairly high up in positive territory in early afternoon trades on Wednesday, led by gains in mining, defense and banking sectors. Data showing a drop in the nation's consumer price inflation in the month of January is aiding sentiment.
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206 days ago
CAC 40 Rises Over 0.5% On Soft Inflation Data; Thales Up Nearly 5%
France's equity index CAC 40 is up in positive territory on Wednesday, extending gains from the previous session, as investors continue to follow the developments on the geopolitical front, and tracking a fresh batch of quarterly earnings updates.
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206 days ago
UK Inflation Lowest In 10 Months
UK consumer price inflation eased to a ten-month low in January on weaker fuel and food costs, raising expectations of an interest rate reduction by the Bank of England. The consumer price index posted an annual increase of 3.0 percent, the Office for National Statistics reported Wednesday. This was the lowest inflation since March 2025, when it stood at 2.6 percent.
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206 days ago
Pound Rises Despite Weak U.K. Inflation Data
The British pound strengthened against other major currencies in the European session on Wednesday, despite U.K. inflation falling to a ten-month low in January.
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206 days ago
DAX Rises To 4-week High
The German market is up firmly in positive territory Wednesday morning, with its benchmark index hovering around a four-week high.
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206 days ago
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