DIRS.INFO The most relevant business & tech news

☆ Miners, financials drag TSX index to three-week low
▼ + stars: | 2022-12-12 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

[1/2] The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. ET (1524 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 25.74 points, or 0.13%, at 19,921.33. The materials sector (.GSPTTMT), which includes miners of precious and base metals, shed 0.7% as gold prices trickled lower. The U.S. central bank is expected to deliver a half-percentage-point rate hike, along with The European Central Bank and the Bank of England, who are expected to raise their lending rates later in the week. Including Monday's trading, the TSX is down 6% year-to-date, outperforming the U.S. benchmark S&P 500 index (.SPX), which has lost more than 17% this year.

☆ TSX futures tepid with focus on key cenbank decisions
▼ + stars: | 2022-12-12 | by ( ) www.reuters.com time to read: +2 min

Dec 12 (Reuters) - Futures for Canada's main stock index were flat on Monday, with investors on the sidelines as they brace for a week of key interest rate decisions from major central banks, including the U.S. Federal Reserve. The latest U.S. inflation reading will be the final pit-stop before the Fed's interest rate decision on Wednesday, where the central bank is expected to deliver a half-percentage-point rate hike. The European Central Bank and the Bank of England are also expected to raise rates by 50 basis points this week. Markets are now gripped with concerns that interest rates would stay higher for longer, possibly tipping the economy into a recession. ($1 = 1.3660 Canadian dollars)Reporting by Shashwat Chauhan in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ TSX posts biggest weekly decline since September as oil tumbles
▼ + stars: | 2022-12-09 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

[1/2] The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 22.12 points, or 0.1%, at 19,947.07, its lowest closing level since Nov. 17. For the week, the index was down 2.6%, its biggest weekly decline since September. The Toronto market's energy sector fell 0.7% as U.S. crude oil futures settled 0.6% lower at $71.02 a barrel. Reporting by Fergal Smith; Additional reporting by Shashwat Chauhan in Bengaluru Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

☆ Commodity-linked stocks push TSX to fresh two-week highs
▼ + stars: | 2022-12-08 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

[1/2] A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014. ET (1540 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was up 66.9 points, or 0.33%, at 20,040.12. The materials sector (.GSPTTMT), which includes miners of precious and base metals, climbed 0.8% on higher metal prices. "Given the magnitude of the rate hikes, they want some time to evaluate how that's going to impact the economy." Among single stocks, Parkland Corp (PKI.TO) gained 5.9% after the food and fuel retailer posted its 2023 outlook.

☆ S&P, Nasdaq extend losing streaks amid rising recession worries
▼ + stars: | 2022-12-07 | by ( David French | ) www.reuters.com time to read: +5 min

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 29, 2022. For the benchmark S&P 500 (.SPX), it was the fifth straight session that it has declined, while the Nasdaq (.IXIC) finished down for the fourth time in a row. The S&P 500 (.SPX) lost 7.34 points, or 0.19%, to close at 3,933.92 and the Nasdaq Composite (.IXIC) dropped 56.34 points, or 0.51%, to finish at 10,958.55. The S&P 500 is on track to snap a three-year winning streak. The S&P 500 posted seven new 52-week highs and seven new lows; the Nasdaq Composite recorded 61 new highs and 307 new lows.

The benchmark S&P 500 (.SPX) fell for the fifth straight session on Wednesday. The Nasdaq (.IXIC) was down for the fourth straight session, dragged lower by a 1.3% drop in Apple Inc (AAPL.O) on Morgan Stanley's iPhone shipment target cut and a 3.9% fall in Tesla Inc (.IXIC) over production loss worries. The CBOE volatility index (.VIX), also known as Wall Street's fear gauge, rose to a two-week high to 23.01 points. The S&P 500 is on track to snap a three-year winning streak, down 17.4% so far in 2022. The S&P index recorded six new 52-week highs and seven new lows, while the Nasdaq recorded 36 new highs and 226 new lows.

☆ TSX gains as Bank of Canada signals slowdown in rate hikes
▼ + stars: | 2022-12-07 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

[1/2] A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014. REUTERS/Mark Blinch/File PhotoDec 7 (Reuters) - Canada's main stock index climbed on Wednesday as investors shrugged off potential impact from a oversized rate hike by the Bank of Canada and digested commentary from the central bank hinting at an end to its monetary policy tightening. ET (15:32 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was up 102.39 points, or 0.51%, at 20,092.56. "Above and beyond the rate hike itself, the bank also indicated that they're going to consider whether future rate hikes are needed," said Douglas Porter, chief economist, BMO Capital Markets. The materials sector (.GSPTTMT), which includes precious and base metal miners, led gains in the index with a climb of 1%.

☆ TSX futures down on recession fears, BoC rate decision in focus
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +2 min

Summary BoC rate decision at 10 a.m. ETTrader see a 65.6% chance of a 25 bps hikeDec 07 (Reuters) - Futures tracking Canada's main stock index slipped on Wednesday on mounting recession worries, while investors awaited the Bank of Canada's interest rate decision later in the day. The BoC is expected to hike its benchmark overnight rate to its highest level in 14 years as it seeks to tame high inflation, with the decision expected at 10 a.m. The TSX has recovered 9.7% from its October closing low on hopes that the Federal Reserve and other major central banks would temper their aggressive rate hike stance. Meanwhile, oil prices slipped, pressured by concerns about recession and easing fears that a Western cap on Russian oil prices would significantly curb supply while gold prices were listless against a stronger dollar.

☆ TSX closes below 20,000 mark as oil prices slide
▼ + stars: | 2022-12-06 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

[1/2] The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 252.09 points, or 1.25%, at 19,990.17, its lowest closing level since Nov. 21. All 10 of the TSX's major sectors lost ground, including a decline of 3.5% for the energy sector. That matched the decline for U.S. crude prices , which settled at $74.25 a barrel, as global demand concerns weighed. Reporting by Fergal Smith; Additional reporting by Shashwat Chauhan in Bengaluru; Editing by Will DunhamOur Standards: The Thomson Reuters Trust Principles.

☆ Toronto stocks slip to near 1-week lows on rate worries
▼ + stars: | 2022-12-06 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

[1/2] The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. ET (1532 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 90.22 points, or 0.45 percent, at 20,152.04. "This news would be received well by investors as higher interest rates have been a major source of anxiety this year," said Brandon Michael, senior analyst at ABC Funds. Among single stocks, Cenovus Energy Inc (CVE.TO) gained 2.0% after the energy company forecast higher capital expenditure for 2023. Reporting by Shashwat Chauhan in Bengaluru Editing by Vinay Dwivedi and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ TSX futures edge up as gold shines, BoC meet in focus
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies BoC rate decision due WednesdayTraders see a 71.5% chance of 25 bps hikeDec 06 (Reuters) - Futures for Canada's resources-heavy main stock index edged up on Tuesday as gold prices rose, while investors await the Bank of Canada's interest rate decision. Gold prices steadied on Tuesday after shedding more than 1% in the last session, helped by a weaker dollar. Commodity prices have a major impact on Toronto stocks, as materials and energy companies combined have a near 31% weight on the main index. The TSX, like its U.S. counterparts has rallied from October lows on hopes that the Federal Reserve and major central banks would dial down their aggressive approach on interest rates. The BoC will be one of the first major central banks to announce the interest rate decision in December, with announcements from the Fed and the European Central Bank to follow next week.

"Adding to the Fed's problems, monetary conditions have loosened in recent weeks as the dollar and longer-dated Treasury yields have fallen and credit spreads have narrowed. This is undoing the tightening effects of the Fed's recent rate rises." Investors now see an 87% chance that the Fed will increase interest rates by 50 basis points in December, down from 91% before the jobs data was published on Friday. Declining issues outnumbered advancers for a 5.14-to-1 ratio on the NYSE and a 3.09-to-1 ratio on the Nasdaq. The S&P index recorded two new 52-week highs and no new low, while the Nasdaq recorded 15 new highs and 40 new lows.

The private lender raised 150 billion rupees ($1.85 billion) through 10-year Tier-II bonds at an annual coupon of 7.86%, for which it had received bids worth 240.80 billion rupees, according to merchant bankers. A large state-run insurance company and a big provident fund house invested an aggregate of 90 billion rupees in this issue, merchant bankers said. HDFC Bank completes its debt sale a day ahead of State Bank of India's bond issue. HDFC Bank is set to be merged with parent Housing Development Finance Corp (HDFC.NS) in the coming months, and both entities have been on a fundraising spree this financial year. While HDFC Bank has raised 30 billion rupees, excluding the latest issue, HDFC has raised around 550 billion rupees through bond issuance.

☆ UK's FTSE 100 nears 6-month high as Powell signals slower hikes
▼ + stars: | 2022-12-01 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies FTSE 100 up 0.2%, FTSE 250 adds 1.2%Dec 1 (Reuters) - UK's FTSE 100 index climbed towards a six-month high on Thursday, extending a strong performance from last month, as investors seized on hints that the U.S. Federal Reserve will scale back the pace of its interest rate hikes. The blue-chip index (.FTSE) edged up 0.2% by 0814 GMT, holding near its strongest level since June 8, although sluggish oil stocks (.FTNMX601010) limited further gains. The domestically focussed FTSE 250 (.FTMC) jumped 1.2%. Bucking the positive mood, oil stocks (.FTNMX601010) fell 1.5% as crude prices dipped with uncertainty lingering ahead of Sunday's OPEC+ meeting. Shares of education group Pearson (PSON.L) fell 3.5% after Exane BNP Paribas downgraded the stock rating to "neutral" from "outperform".

Helping to boost prices, U.S. crude oil stocks were expected to have dropped by about 7.9 million barrels in the week ended Nov. 25, according to market sources citing American Petroleum Institute figures on Tuesday. Gasoline inventories rose by about 2.9 million barrels, while distillate stocks were seen rising about 4.0 million barrels, according to the sources, who spoke on condition of anonymity. Thin liquidity and an overall lack of trading volumes towards the year-end could also be propping up the market, according to Virendra Chauhan at Energy Aspects. On the supply side, OPEC+ is likely to keep oil output policy unchanged at a meeting on Sunday, five OPEC+ sources said, although two sources said an additional production cut was also likely to be considered, to support prices. "Oil’s rally ran out of steam after reports that OPEC+ might end up keeping their output steady.

☆ UK's FTSE 100 rises ahead of key Federal Reserve speech
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies FTSE 100 up 0.3%, FTSE 250 adds 0.3%Nov 30 (Reuters) - The FTSE 100 rose on Wednesday, helped by consumer discretionary and energy stocks, though investors were cautious ahead of U.S. Federal Reserve Chair's speech later in the day. The blue-chip FTSE 100 (.FTSE) gained 0.3% by 0821 GMT and was on track for its best month in two years. Consumer discretionary shares like Flutter Entertainment (FLTRF.L) gained 2.1% after JP Morgan raised the company's price target. Energy stocks (.FTNMX601010) took an early lead, gaining 0.2% as crude oil prices climbed on falling U.S. crude inventories and a weaker greenback. Reporting by Shashwat Chauhan in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ FTSE 100 at three-month highs on hopes of China easing COVID curbs
▼ + stars: | 2022-11-29 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) was up 0.6%, hitting its highest since Aug. 26, while the domestically-focused FTSE 250 midcap index (.FTMC) was flat. World markets were rattled on Monday as protests against strict COVID-19 restrictions flared up in major Chinese cities over the weekend. Base metal miners (.FTNMX551020) climbed 2.8%, touching three-month highs, as prices rebounded on support for the property sector in top metals consumer China. Heavyweight energy stocks (.FTNMX601010) rose 1.4% as oil prices climbed on hopes of China easing its COVID controls. Reporting by Shashwat Chauhan in Bengaluru; Editing by Saumyadeb Chakrabarty and Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ FTSE 100 slips as China COVID protests rattle markets
▼ + stars: | 2022-11-28 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

SummarySummary Companies China protests drag global markets lowerEnergy, miners slip on lower commodity pricesReal estate down after dour dataFTSE 100 down 0.7%, FTSE 250 off 0.9%Nov 28 (Reuters) - London's FTSE 100 slipped on Monday, with energy and mining stocks leading broad-based losses, as investors globally fretted over China's economic outlook following rare protests in the country against its strict COVID-19 restrictions. The blue-chip FTSE 100 (.FTSE) shed 0.7%, following two weekly gains that lifted the index to its highest levels in more than two months. Energy stocks were the biggest drags in the FTSE 100, with oil majors BP (BP.L) and Shell (SHEL.L) down around 1.5% each. Commodity prices dipped on worries about demand from top consumer China where protests against strict COVID-19 restrictions flared up. "It's a very hard thing to price, even the markets are not used to seeing demonstrations in China," said Chris Beauchamp, chief market analyst at IG Group.

☆ FTSE 100 flat as housing, retail stocks weigh
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies FTSE 100 flat, FTSE 250 off 0.5%Nov 25 (Reuters) - The FTSE 100 was flat on Friday, with gains in defensive healthcare and consumer stocks offsetting weakness in retail stocks as Black Friday sales began against a backdrop of a worsening cost-of-living crisis. The blue-chip FTSE 100 (.FTSE) was flat by 0851 GMT, but set to end with sharp weekly gains on hopes of smaller rate hikes from the U.S. Federal Reserve. Diageo (DGE.L), British American Tobacco (BATS.L) and GSK (GSK.L) supported the FTSE 100, as investors snapped up defensive stocks that tend to perform well in a slowing economy. Retail stocks (.FTNMX404010) dropped 0.4% on Black Friday, which typically marks the beginning of the holiday shopping season. The domestically focused FTSE 250 midcaps (.FTMC) slid 0.5%.

☆ UK stocks track gains in Europe, Dr. Martens sinks on profit warning
▼ + stars: | 2022-11-24 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) rose 0.3% in thin trading as U.S. markets were shut for the Thanksgiving holiday. The domestically focused FTSE 250 midcaps (.FTMC) rose 0.7%, also reflecting the upbeat mood in equity markets. A weak spot was Dr. Martens (DOCS.L), which tumbled 20% and looked set for its biggest percentage drop ever, after warning that its annual core profit margin would be lower than last year. UK stock markets have recovered sharply since a botched mini-budget roiled sentiment in October, with investors hoping that measures by the new government will help instil confidence even as Britain faces what is expected to be a lengthy recession. Shares of Vodafone , Imperial Brands (IMB.L) and National Grid (NG.L) slid as they traded without entitlement for dividend payout.

☆ Commodity stocks support FTSE 100 ahead of PMI data
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies Energy, miners lead gainsJohnson Matthey down on lower profitsFTSE 100 up 0.4%, FTSE 250 off 0.3%Nov 23 (Reuters) - Commodity-linked stocks lifted the FTSE 100 on Wednesday, as investors awaited UK's business activity data and the U.S. Federal Reserve's meeting minutes that could offer clues on the pace of monetary policy tightening. The blue-chip FTSE 100 (.FTSE) rose 0.4%, touching a fresh two-month high. Energy stocks climbed (.FTNMX601010) 1.5% as crude oil prices inched higher on data showing a larger-than-expected U.S. crude drawdown. Asian and European markets were steady as investors looked to the release of the Fed's November meeting minutes amid hopes that the central bank will shift to smaller interest rate hikes. The domestically focused FTSE 250 midcaps (.FTMC) lost 0.3%, with Johnson Matthey (JMAT.L) shedding 7.2% after the chemicals maker reported a slightly lower half-yearly profit.

☆ FTSE 100 hits two-month high as oil stocks rebound
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies FTSE 100 up 0.6%, FTSE 250 off 0.2%Nov 22 (Reuters) - The FTSE 100 jumped to a two-month high on Tuesday, as oil stocks bounced back following a bullish brokerage recommendation and news that OPEC+ members were not discussing an oil output increase. The commodities-heavy FTSE 100 (.FTSE) rose 0.6% to its strongest level since Sept. 13. Oil majors Shell and BP (BP.L) jumped 2.9% and 4.8% as crude prices , gained after Saudi Arabia's energy minister denied a report that said OPEC oil producers were discussing a potential output increase. Meanwhile, Citigroup raised BP's rating to "buy" from "neutral" and said it expects the rotation into energy stocks to continue. The more domestically focused FTSE 250 midcaps (.FTMC) slipped 0.2%, reflecting a cautious mood in the equities market on concerns about aggressive rate hikes and slowing economic growth.

☆ FTSE 100 slides as weaker commodity prices weigh
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies FTSE 100 down 0.3%, FTSE 250 off 0.3%Nov 21 (Reuters) - The FTSE 100 slipped on Monday, dragged by weakness in commodity-linked stocks, as COVID-19 curbs in top metals consumer China and a stronger dollar weighed on the global mood. The blue-chip FTSE 100 (.FTSE) fell 0.3%, after notching its strongest close in over two months on Friday. UK's energy sector (.FTNMX601010) slipped 0.6% on the back of falling oil prices , as a slew of COVID-related curbs in China sparked demand fears. Meanwhile, industrial metal miners (.FTNMX551020) shed 1.8% as worries about slowing demand from the world's second largest economy hit metal prices including those of copper. Energy and materials stocks combined weigh more than 25% on the FTSE 100.

☆ FTSE 100 rises on Informa boost; pound weakens
▼ + stars: | 2022-11-14 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

SummarySummary Companies Media stocks lead sectoral gainsIndivior up on deal to buy Opiant PharmaUK budget, due later in the week, in focusFTSE 100 up 0.4%, FTSE 250 falls 1.2%Nov 14 (Reuters) - UK's export-oriented FTSE 100 climbed on Monday, lifted by events organiser Informa's over 5% jump and a weaker pound. The FTSE 100 (.FTSE) was up 0.4% by 0941 GMT. The company's announcement of raising its full-year earnings outlook pushed the broader FTSE 350 media index (.FTNMX403010) 1.0% higher. Among other stocks, Indivior (INDV.L) gained 0.9% after it said it would acquire Opiant Pharmaceuticals for approximately $145 million in cash. The domestically-focused FTSE 250 midcap index (.FTMC) dropped 1.2% after marking its biggest weekly gain in almost two years on Friday.

☆ TSX rises to 2-month high as materials sector jumps
▼ + stars: | 2022-11-08 | by ( Fergal Smith | Juliette Portala | ) www.reuters.com time to read: +2 min

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended up 114.40 points, or 0.6%, at 19,660.31, its highest closing level since Sept. 14. The materials group, which includes precious and base metals miners and fertilizer companies, added 4.7%. Copper rose 1.7%, while gold was up 2.2% at about $1,712 per ounce as the U.S. dollar and bond yields fell. Its shares rose 12.4% after the company reported quarterly results. Reporting by Fergal Smith in Toronto Additional reporting by Shashwat Chauhan in Bengaluru Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Chauhan"

25 mentions found