Canada stocks – TSX rises 0.48pc to 19,029.02
The Toronto Stock Exchange’s TSX rises 0.48 percent to 19,029.02. Leading the index were Canopy Growth Corp up 16.4 percent, Shopify Inc SHOP.TO, up 12.4 percent, and Tilray Brands Inc TLRY.TO, higher by 11.2 percent. Lagging shares were First Quantum Minerals Ltd FM.TO, down 6.6 percent, Wesdome Gold Mines Ltd WDO.TO, down 5.9 percent, and Wheaton Precious Metals Corp WPM.TO, lower by 4.4 percent. On the TSX 134 issues rose and 102 fell as a 1.3-to-1 ratio favored advancers. There was 1 new high and 5 new lows, with total volume of 143.6 million shares. The most heavily traded shares by volume were Canopy Growth Corp WEED.TO, Baytex Energy Corp BTE.TO and Crescent Point Energy Corp CPG.TO. The TSX’s energy group .SPTTEN rose 2.97 points, or 1.4 percent, while the financials sector .SPTTFS climbed 1.79 points, or 0.5 percent.
Sensex gains 284 pts
At close, the Sensex was up 284.42 points or 0.51 percent at 55,681.95, and the Nifty was up 84.50 points or 0.51 percent at 16,605.30. About 1950 shares have advanced, 1302 shares declined, and 155 shares are unchanged. IndusInd Bank, Bajaj Finance, Tata Consumer Products, UPL and Bajaj Finserv were among the top Nifty gainers, while losers included Dr Reddy’s Laboratories, Kotak Mahindra Bank, SBI Life Insurance, Cipla and Tech Mahindra. On the sectoral front, except pharma, all indices ended in the green, with PSU Bank, Oil & Gas, Power and Capital Goods indices rose 1-2 percent. BSE midcap index added 1.2 percent and smallcap index jumped 0.9 percent.
Japan’s Nikkei ends at 6-week high on tech boost
Japan’s Nikkei index closed at its highest level in almost 6 weeks on Wednesday, with technology stocks tracking overnight gains on Wall Street. The Nikkei share average jumped 2.67 percent to 27,680.26 in its biggest daily gain since May 13. The index rose for the fifth session in a row and posted its highest close since June 10. The broader Topix advanced 2.29 percent to 1,946.44. US stocks closed sharply higher on Tuesday as more companies joined big banks in reporting earnings that beat forecasts, offering respite to investors worried about higher inflation and a tightening Fed denting the corporate bottomline. “The market was driven by Wall Street’s strong finish. There were no market moving cues in Japan,” said Koichi Kurose, chief strategist, Resona Asset Management. “If there will be any catalyst in Japan, that would be Prime Minister (Fumio) Kishida’s policy, which will depend on how the power within the Liberal Democratic Party shapes up after the death of (former prime minister Shinzo) Abe.” Technology heavyweights advanced, with chip-related Tokyo Electron and Advantest jumping 4.88 percent and 4.71 percent, respectively.
CAC 40 down 0.27pc
France stocks were lower after the close on Wednesday, as losses in the Gas & Water, General Financial and Foods & Drugs sectors led shares lower. At the close in Paris, the CAC 40 lost 0.27 percent, while the SBF 120 index fell 0.23 percent. Rising stocks outnumbered declining ones on the Paris Stock Exchange by 280 to 267 and 87 ended unchanged. The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was unchanged 0.00 percent to 18.96 a new 52-week high. Gold Futures for August delivery was down 0.59 percent or 10.05 to $1,700.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.15 percent or 0.15 to hit $100.59 a barrel, while the September Brent oil contract fell 0.02 percent or 0.02 to trade at $107.33 a barrel. EUR/USD was unchanged 0.34 percent to 1.02, while EUR/GBP unchanged 0.11 percent to 0.85. The US Dollar Index Futures was up 0.30 percent at 106.87.
FTSE 100 slips as European mood sours
UK’s FTSE 100 dipped on Thursday as a deepening political crisis in Italy and an imminent European Central Bank policy decision weighed on investor mood across Europe, while positive corporate earnings reports supported the mid-cap index. The blue-chip FTSE 100 (.FTSE) fell 0.6 percent, largely in-line with losses in the broader European equities benchmark (.STOXX). Worries over an energy supply crunch in Europe eased as gas began flowing again along the biggest pipeline from Russia to Germany, though an expected interest rate hike in Europe and Italian Prime Minister Mario Draghi’s resignation weighed. Despite a severe cost-of-living crisis in the UK, the FTSE 100 has outperformed its global peers this year due to its heavy exposure to commodities and defensive sectors.
S&P 500 futures slip after index hits 6-week high
S&P 500 futures dipped Thursday after a batch of mixed corporate earnings from companies. Tesla shares boosted Nasdaq 100 futures. Futures tied to the Dow Jones Industrial Average shed 117 points, or 0.37 percent. S&P 500 futures ticked down 0.23 percent, while Nasdaq 100 futures gained 0.01 percent. The moves come as Wall Street is enjoying a July rebound. All three major averages hit their highest levels in more than a month during Wednesday’s session, with the S&P 500 reaching its best closing level since June 9. Tesla shares were choppy after the automaker reported stronger-than-expected earnings but shrinking automotive gross margins. As of 7:54 a.m. ET, the stock was up 2.6 percent. American Airlines beat revenue expectations in the second quarter, and forecasted a profit in the third quarter, as consumers continue to travel even with higher prices. Shares fell more than 2 percent in premarket trading. United Airlines reported that it returned to profitability during the second quarter, but results came in below expectations.
Saudi Arabia stocks higher at close of trade
Saudi Arabia stocks were higher after the close on Thursday, as gains in the Energy & Utilities, Retail and Media & Publishing sectors led shares higher. At the close in Saudi Arabia, the Tadawul All Share rose 1.04% to hit a new 1-month high. Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 170 to 55 and 13 ended unchanged. Shares in United Cooperative Assurance Co fell to 52-week lows; down 9.95% or 1.96 to 17.74. Shares in Alinma Retail REIT Fund Unit fell to all time lows; down 3.40% or 0.19 to 5.40. Crude oil for September delivery was down 3.72% or 3.72 to $96.16 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 3.06% or 3.27 to hit $103.65 a barrel, while the August Gold Futures contract rose 0.17% or 2.95 to trade at $1,703.15 a troy ounce. EUR/SAR was unchanged 0.00% to 3.82, while USD/SAR unchanged 0.03% to 3.76. The US Dollar Index Futures was up 0.06% at 107.01.