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OTTAWA, Nov 21 (Reuters) - Canada's annual inflation rate eased more than expected to 3.1% in October and core inflation measures edged down to their lowest levels in about two years, data showed on Tuesday, likely closing the door to further rate hikes. The Bank of Canada (BoC) targets 2% annual inflation. "If the door wasn't already shut to additional rate hikes, it now should be." The bank projects inflation to hover around 3.5% until mid-2024, before trickling down to its 2% target in late 2025. Dragging the annual inflation rate in October was a 7.8% drop in gasoline prices, which benefited from comparison with a price surge in October 2022.

Persons: Royce Mendes, Simon Harvey, Chrystia Freeland, Justin Trudeau's, Ismail Shakil, Steve Scherer, Dale Smith, Fergal Smith, Divya Rajagopal, Chizu Organizations: OTTAWA, Reuters, Statistics, Bank of Canada, BoC, CPI, Desjardins Group, Canadian, Justin Trudeau's Liberal, Thomson Locations: Statistics Canada, Europe, Canada, Ottawa, Toronto

☆ TSX tumbles to near seven-month low as commodity-linked stocks fall
▼ + stars: | 2023-10-02 | by ( Siddarth S | ) www.reuters.com time to read: +2 min

The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. Rate-sensitive utilities (.GSPTTUT) fell nearly 3%, leading declines amid a dramatic run-up in 10-year U.S. Treasury yields that hit 16-year highs. "U.S. Treasury yields continue to march higher and that's just crushing the dividend-paying stocks like utilities in Canada," said Douglas Porter, chief economist of BMO Capital Markets. The S&P Global Canada Manufacturing Purchasing Managers' Index (PMI) fell to a seasonally adjusted 47.5 last month, from 48.0 in August. Reporting by Siddarth S in Bengaluru; Editing by Shailesh Kuber and Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Helgren, Douglas Porter, Eric Provost, Siddarth, Shailesh Kuber, Shweta Agarwal Organizations: Toronto Stock Exchange, REUTERS, TSX, Treasury, Toronto Stock, Materials, Brent, U.S . West Texas, BMO Capital Markets, Data, P Global Canada Manufacturing, Laurentian Bank, Thomson Locations: Toronto , Ontario, Canada, U.S, Bengaluru

☆ UK stocks open lower after Fed's hawkish stance; BoE on watch
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. The blue-chip FTSE 100 index (.FTSE) was down 0.5% by 0710 GMT, while mid-cap stocks (.FTMC) dipped 0.4%. The Fed held its interest rates steady on Wednesday, but stiffened a hawkish monetary policy stance that its officials increasingly believe can succeed in combating inflation. Asian stocks tracked the lacklustre mood in U.S. peers on Wednesday after the Fed revised its economic projections. JD Sports Fashion (JD.L) climbed nearly 6% to the top of FTSE 100 after the sportswear retailer forecast a higher annual profit.

Persons: Toby Melville, BoE, Siddarth, Sherry Jacob, Phillips Organizations: London Stock Exchange Group, City of, REUTERS, Treasury, Federal Reserve, Bank of, Fed, Bank of England, Thomson Locations: City, City of London, Britain, London, Bengaluru

☆ London stocks open higher on surprise CPI data
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +1 min

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. The exporter-heavy FTSE 100 (.FTSE) rose 0.6% by 0705 GMT, while the sterling weakened 0.4% against the U.S. dollar, hitting its lowest levels since May. Britain's annual consumer price inflation (CPI) unexpectedly fell to 6.7% last month from 6.8% in July, data showed, while economists polled by Reuters had forecast CPI would rise to 7.0%. M&G (MNG.L) gained 3.3% after the insurer posted a better- than-expected 31% rise in its first-half operating profit. Mid-cap stocks (.FTMC) soared 1.4%, boosted by a 3.8% rise in Dunelm Group Plc (DNLM.L) after the homeware retailer said it expected higher sales volumes to drive earnings in 2024.

Persons: Toby Melville, BoE, Siddarth, Rashmi Organizations: London Stock Exchange Group, City of, REUTERS, Bank of England, U.S ., Reuters, Dunelm, Thomson Locations: City, City of London, Britain, Bengaluru

☆ FTSE 100 slips at open ahead of Fed, BoE monetary policy decisions
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +1 min

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummaryCompanies FTSE 100 down 0.1%, FTSE 250 off 0.2%Sept 18 (Reuters) - UK's FTSE 100 slipped at open on Monday as investors await interest rate decisions from the U.S. Federal Reserve and the Bank of England (BoE), while Britain's main manufacturing trade body cut its forecast for the sector's growth for this year. The exporter-heavy FTSE 100 (.FTSE) slipped 0.1% by 0712 GMT, while the mid-cap FTSE 250 (.FTMC) was down 0.2%. Britain's main manufacturing trade body cut its forecast for the sector's growth for this year and next, citing a sharp fall in factory output and economic uncertainty. Reporting by Siddarth S in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, BoE, Siddarth, Savio D'Souza Organizations: London Stock Exchange Group, City of, REUTERS, U.S . Federal Reserve, Bank of England, Phoenix Group, Mondi, Sezar, Thomson Locations: City, City of London, Britain, Russia, Moscow, Bengaluru

☆ FTSE 100 climbs nearly 1% as China data boosts miners
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummary FTSE 100 climbs 0.9%, FTSE 250 adds 0.3%Sept 15 (Reuters) - UK's FTSE 100 extended gains on Friday, driven by miners following better-than-expected economic data from China, while the prospects of global central banks nearing the end of their monetary tightening cycle further boosted risk sentiment. The blue-chip FTSE 100 index (.FTSE) climbed 0.9% by 0705 GMT, after it hit a six-week high in the previous session. Tracking metal prices higher, miners (.FTNMX551020) gained 0.9% after the data from top consumer, China, was published. Reporting by Siddarth S in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, Siddarth, Sherry Jacob, Phillips Organizations: London Stock Exchange, REUTERS, Investors, U.S . Federal Reserve, Bank of, European Central Bank, Thomson Locations: Canary Wharf, London, Britain, China, Bank of England, Bengaluru

☆ FTSE 100 inches higher on Fed pause bets; ECB decision on watch
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummaryCompanies FTSE 100 up 0.3%, FTSE 250 flatSept 14 (Reuters) - UK's FTSE 100 opened higher on Thursday after U.S. inflation data bolstered bets that the Federal Reserve will keep interest rates steady next week, while Melrose and Unite Group fell in ex-dividend trading. The exporter-heavy FTSE 100 index (.FTSE) edged up 0.3% in early trade, while the domestically focussed FTSE 250 index (.FTMC) was flat. Shares of real estate firm Unite Group (UTG.L), product testing company Intertek Group (ITRK.L) and aerospace supplier Melrose (MRON.L) declined between 0.5% and 1.5% as they traded ex-dividend. Reporting by Siddarth S in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, Siddarth, Subhranshu Sahu Organizations: London Stock Exchange, REUTERS, Federal Reserve, Melrose, Unite Group, European Central Bank, Unite, Intertek, Thomson Locations: Canary Wharf, London, Britain, Bengaluru

☆ Miners boost FTSE 100 on China optimism; Vistry jumps
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummaryCompanies FTSE 100 up 0.6%, FTSE 250 adds 0.4%Sept 11 (Reuters) - The UK's exporter-heavy FTSE 100 index opened higher on Monday boosted by miners after positive China data signalled stability in the world's second-largest economy, while Vistry shares jumped after the homebuilder kept its annual profit outlook. The blue-chip FTSE 100 index (.FTSE) rose 0.6% in early trade, while the mid-cap FTSE 250 index (.FTMC) was up 0.4%. Vistry Group (VTYV.L) jumped 14.4% after the British homebuilder said it would merge its affordable-housing business 'Partnerships' with its Housebuilding operations, while maintaining its annual profit forecast. Reporting by Siddarth S in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, British homebuilder, Pascal Soriot, Siddarth, Rashmi Organizations: London Stock Exchange, REUTERS, Vistry, AstraZeneca, The Mail, Barclays, Reuters, Thomson Locations: Canary Wharf, London, Britain, China, British, Bengaluru

☆ Toronto stocks extend losses for third day as BlackBerry tanks
▼ + stars: | 2023-09-07 | by ( Siddarth S | ) www.reuters.com time to read: +2 min

The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. ET (1419 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 90.43 points, or 0.45%, at 20,136.53. Both the U.S.- and Canadian-listed shares of BlackBerry (BB.TO), tumbled over 15% after the technology company forecast a 21.4% decline in second-quarter revenue, due to weakness in its cybersecurity segment. Technology stocks (.SPTTTK) slumped 1.8%, leading sectoral declines and hitting their lowest levels in more than a month. Peyto Exploration & Development (PEY.TO) shares fell 2.4%, after the natural gas firm agreed to buy Spanish energy company Repsol's (REP.MC) assets in Canada for $468 million.

Persons: Chris Helgren, Peyto, Morningstar, Siddarth, Tasim Zahid, Shilpi Majumdar Organizations: Toronto Stock Exchange, REUTERS, Spain's, Toronto Stock, BlackBerry, Peyto, Development, U.S, Thomson Locations: Toronto , Ontario, Canada, Toronto, U.S, Bengaluru

☆ FTSE 100 falls on worries about U.S. rates; Melrose jumps
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummaryCompanies FTSE 100 down 0.4%, FTSE 250 off 0.3%Sept 7 (Reuters) - UK's FTSE 100 opened lower on Thursday after stronger-than-expected U.S. economic data rekindled concerns that interest rates would stay higher for longer, while aerospace supplier Melrose Industries rose on an upbeat profit outlook. The blue-chip FTSE 100 index (.FTSE) fell 0.4% in early trade, while the mid-cap FTSE 250 index (.FTMC) slipped 0.3%. Wall Street's main indexes tumbled on Wednesday after data showed the U.S. services sector unexpectedly gained steam in August, indicating sticky price pressures. GLOB/MKTSFurther weighing on the exporter-heavy FTSE 100, data showed China's exports and imports fell in August as the twin pressures of sagging overseas demand and weak consumer spending squeezed businesses in the world's second-largest economy.

Persons: Toby Melville, Smith, Siddarth, Subhranshu Sahu Organizations: London Stock Exchange, REUTERS, Melrose Industries, Prudential, Thomson Locations: Canary Wharf, London, Britain, U.S, Bengaluru

☆ FTSE 100 dragged down by global gloom, Barratt warning
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +1 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummaryCompanies FTSE 100 down 0.5%, FTSE 250 falls 0.4%Sept 6 (Reuters) - UK's FTSE 100 slipped on Wednesday as recent soft economic data from China and Europe continued to weigh on global sentiment, while shares of Barratt Developments fell after the homebuilder warned of a tough housing market environment. The exporter-heavy FTSE 100 index (.FTSE) dropped 0.5% in early trade, while the domestically focussed FTSE 250 index (.FTMC) declined 0.4%. Global markets also extended losses for a second day as faltering growth in China and Europe heightened concerns about global economic momentum. GLOB/MKTSEmerging markets-focused fund manager Ashmore's shares (ASHM.L) fell 4.3% after it reported a 6% drop in annual profit.

Persons: Toby Melville, Barratt, Ashmore's, WH Smith, Siddarth, Sohini Goswami Organizations: London Stock Exchange, REUTERS, Barratt, Global, Thomson Locations: Canary Wharf, London, Britain, China, Europe, Bengaluru

Country Garden also offered on Tuesday to extend repayment of eight onshore bonds worth 10.8 billion yuan ($1.48 billion) by three years, according to people with knowledge of the matter and documents seen by Reuters. Country Garden did not respond to a request for comment. A general view of a construction site of residential buildings by Chinese developer Country Garden in Tianjin, China August 18, 2023. Country Garden has not missed a debt payment obligation, onshore or offshore. "The three-year extension of maturity offered by Country Garden looks better than restructuring plans by most of the other troubled developers," Meng said.

Persons: Gary Ng, Tingshu Wang, Susannah Streeter, Hargreaves Lansdown, DODGE, CreditSights, Ting Meng, Meng, Xie Yu, Shuyan Wang, Jason Xue, Sumeet Chatterjee, Christopher Cushing, Kim Coghill Organizations: HK, Reuters, Country, Natixis Asia Pacific, REUTERS, Services, Global, Hargreaves, Mainland Properties, CSI, ANZ, Thomson Locations: HONG KONG, BEIJING, Tianjin, China, Hong Kong, Beijing, Shanghai, Bengaluru

☆ TSX ends lower as tech falls, investors weigh bank earnings
▼ + stars: | 2023-08-24 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

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 103.96 points, or 0.5%, at 19,775.83, giving back some of the previous day's rally. "Considering the softness on the U.S. side, the Canadian market held up well," said Lorne Steinberg, president, Lorne Steinberg Wealth Management Inc. Shares of Toronto-Dominion Bank (TD.TO) were down 3.2% after the bank missed analysts' estimates for quarterly profit. But Royal Bank of Canada (RY.TO) shares ended 2% higher as it beat estimates, helped by cost cutting measures.

Persons: Chris Helgren, Jerome Powell's, Lorne Steinberg, Steinberg, Fergal Smith, Siddarth, Marguerita Choy, Shweta Agarwal Organizations: Toronto Stock Exchange, REUTERS, Tech, RBC, Toronto Stock, Federal, Lorne Steinberg Wealth Management Inc, Dominion Bank, Royal Bank of Canada, Thomson Locations: Toronto , Ontario, Canada, U.S, Toronto, Bengaluru

☆ TSX futures up on higher oil prices; bank earnings start on mixed note
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsAug 24 (Reuters) - Toronto futures crept higher on Thursday, pushed by oil prices, while Canadian big banks' quarterly earnings kicked off on a mixed note as Royal Bank of Canada beat profit estimates, while Toronto-Dominion Bank missed analyst expectations. Canada's main stock index (.GSPTSE) rebounded from a two-month low to close nearly 1% higher on Wednesday. Canada's largest bank, Royal Bank of Canada (RBC) (RY.TO) beat analysts' estimates for the third-quarter profit, boosted by cost-cutting measures and higher interest rates. The country's second-largest bank, Toronto-Dominion Bank (TD.TO), missed Bay Street estimates for quarterly profit as it set aside money to cover unpaid loans.

Persons: Chris Helgren, Jerome Powell, Siddarth, Tasim Zahid Organizations: Toronto Stock Exchange, REUTERS, Royal Bank of Canada, Dominion Bank, Oil, U.S . Federal, RBC, Nvidia, Brent, Thomson Locations: Toronto , Ontario, Canada, Toronto, Canada's, Bengaluru

☆ FTSE 100 falls at open on BAE drag, hawkish Fed minutes
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummaryCompanies FTSE 100 down 0.4%, FTSE 250 off 0.3%Aug 17 (Reuters) - UK's FTSE 100 fell at open on Thursday driven by declines in defence stocks after BAE Systems slipped, while global sentiment turned cautious after minutes from the U.S. Federal Reserve's July meeting were perceived to be hawkish. The blue-chip FTSE 100 (.FTSE) was down 0.4% by 0711 GMT, while more domestically focussed FTSE 250 (.FTMC) dropped 0.3%. Shares of BAE Systems (BAES.L) fell 3% after the British defence group said it agreed to buy Ball Corp's (BALL.N) aerospace business for about $5.55 billion in cash. Precious metal miners (.FTNMX551030) fell 0.9% as gold prices touched five-month lows on a stronger dollar and rise in bond yields.

Persons: Toby Melville, Siddarth, Nivedita Organizations: London Stock Exchange, REUTERS, BAE Systems, U.S, U.S . Federal, Bank of Georgia, Thomson Locations: Canary Wharf, London, Britain, U.S ., Bengaluru

☆ FTSE 100 drops as inflation remains sticky
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummaryCompanies FTSE 100 down 0.2%, FTSE 250 off 0.2%Aug 16 (Reuters) - The FTSE 100 index continued its sell-off on Wednesday after data showed that underlying inflation remained high, building a case for more interest rate hikes by the Bank of England (BoE), while Marshalls fell on lower half-year profit. The exporter-heavy FTSE 100 index (.FTSE) fell 0.2% by 0704 GMT, languishing at over one-month lows as the sterling rose 0.14% to $1.2718, right after the data. Annual consumer price inflation cooled to 6.8% in July from June's 7.9%, as the BoE and a Reuters poll of economists had predicted. However, core inflation came in at a hotter-than-expected 6.9% in July, while service rose to 7.4% from 7.2% in June.

Persons: Toby Melville, BoE, Siddarth, Nivedita Organizations: London Stock Exchange Group, City of, REUTERS, Bank of England, Marshalls, Thomson Locations: City, City of London, Britain, June's, Beijing, Bengaluru

☆ UK stocks tumble as record wage growth spurs rate hike worries
▼ + stars: | 2023-08-15 | by ( Siddarth S | ) www.reuters.com time to read: +2 min

A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. "Speed of wage growth will support the more hawkish end of the Bank of England. The exporter-heavy FTSE 100 index (.FTSE) declined 1.2% by the first hour of trading, while mid-cap stocks (.FTMC) also fell 0.7%. Life Insurance stocks (.FTNMX303010) fell over 2%, leading sectoral losses, dragged down by an over 3% drop in shares of British insurer Legal & General (LGEN.L). Most sectoral indexes were in the red after the wage growth data, while mid-cap stocks (.FTMC) also fell 0.7%.

Persons: Suzanne Plunkett, BoE, Richard Flax, Spencer, Siddarth, Rashmi Aich, Maju Samuel Organizations: London Stock Exchange, REUTERS, Legal, Bank of England, Money, Life Insurance, Thomson Locations: London, Britain, Bengaluru

☆ London's FTSE 100 pressured by pound after surprise Q2 GDP growth
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +1 min

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File PhotoSummary FTSE 100 down 0.6%, FTSE 250 off 0.2%Aug 11 (Reuters) - London's exporter-heavy FTSE 100 index opened lower on Friday, pressured by a stronger pound after data showed the UK's economy surprisingly grew higher-than-expected in the second quarter. Data showed Britain eked out unexpected growth in the second quarter, helped by a strong June performance. It grew 0.2% in the second quarter, against the consensus for a flat reading in a Reuters poll of economists. The FTSE 100 (.FTSE) fell 0.6%, while the sterling broke three straight days of losses after the data.

Persons: Toby Melville, Stuart Cole, Siddarth, Varun Organizations: London Stock Exchange Group, City of, REUTERS, Britain, FTSE, Equiti Capital, Thomson Locations: City, City of London, Britain, Bengaluru

☆ Energy stocks push TSX higher, Nuvei slumps after qtrly profit drops
▼ + stars: | 2023-08-09 | by ( Siddarth S | ) www.reuters.com time to read: +1 min

The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren/File PhotoAug 9 (Reuters) - Canada's main stock index rose on Wednesday, driven by gains in energy stocks as oil prices rose on supply tightness, while Nuvei Corp shares slumped after the payments firm's quarterly profit more than halved. ET (1406 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was up 90.42 points, or 0.45%, at 20,296.4. Heavily weighted energy stocks (.SPTTEN) climbed 1.3% as oil touched new highs on supply tightness due to output cuts by Saudi Arabia and Russia. The value of Canadian building permits rose by 6.1% in June from May, data showed.

Persons: Chris Helgren, Brian Madden, Siddarth, Pooja Desai Organizations: Toronto Stock Exchange, REUTERS, Nuvei Corp, Toronto Stock, Investment, Cannabis, Manulife, Thomson Locations: Toronto , Ontario, Canada, Saudi Arabia, Russia, China, Bengaluru

☆ FTSE 100 opens lower as Glencore, bleak China data weigh
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +1 min

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File PhotoSummaryCompanies FTSE 100 down 0.2%, FTSE 250 flatAug 8 (Reuters) - London stocks opened lower on Tuesday hurt by the losses in Glencore after the miner's dour first-half earnings, while bleak China trade data also hit the broader mining sector. The FTSE 100 index (.FTSE) dipped 0.2% by 0709 GMT, with Glencore (GLEN.L) falling 3.0% as it said its earnings had halved in the first half. Asset manager abrdn (ABDN.L) slipped 4.5% to the bottom of the FTSE 100 after it reported a drop in its assets under management. The midcap FTSE 250 index (.FTMC) was flat, while bank stocks (.FTNMX301010) shed 0.8%.

Persons: Toby Melville, abrdn, Siddarth, Shreyashi Sanyal, Rashmi Organizations: London Stock Exchange Group, City of, REUTERS, Thomson Locations: City, City of London, Britain, London, Glencore, China, Bengaluru

☆ TSX starts month on weak note as China slowdown hits sentiment
▼ + stars: | 2023-08-01 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 93.71 points, or 0.5%, at 20,532.93, after posting its highest closing level in three months in the previous session. The materials group, which includes precious and base metals miners and fertilizer companies, lost 1.8% as gold and copper prices fell. Shares of Silvercrest Metals (SIL.TO) were particularly weak, plunging 21.5% after two brokerages cut their price target on the stock. The TSX notched a gain of 2.3% in July, while it has advanced 5.9% since the start of the year.

Persons: Mark Blinch, Robert McWhirter, Fergal Smith, Siddarth, Shilpi Majumdar, Cynthia Osterman Organizations: Toronto Stock Exchange, REUTERS, Metals, Toronto Stock, Selective Asset Management Inc, Canada's, Silvercrest Metals, TSX, Thomson Locations: Toronto, China, Coast, Bengaluru

☆ Toronto stocks start August on a weak note as commodity-linked sectors drag
▼ + stars: | 2023-08-01 | by ( Siddarth S | ) www.reuters.com time to read: +2 min

A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014. ET (1417 GMT) on Tuesday, the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 84.12 points, or 0.41%, at 20,542.52. Data showed Canada's manufacturing sector contracted for the third straight month in July as an uncertain economic outlook held back new orders, offsetting a pickup in production. Lower oil prices dragged the energy sector (.SPTTEN) down 0.7%. In the neighboring U.S., manufacturing appeared to stabilize at weaker levels in July, data showed, amid a gradual improvement in new orders.

Persons: Mark Blinch, Brian Madden, Siddarth, Shilpi Majumdar Organizations: Toronto Stock Exchange, REUTERS, Reuters, Toronto Stock, Bank of Canada, Investment, Silvercrest Metals, Thomson Locations: Toronto, China, U.S, Bengaluru

The pan-European STOXX 600 index (.STOXX) closed 0.1% higher, snapping its six-day losing streak. "Markets are expecting either the data to improve from China or stimulus to increase from the government. "This realization is dawning among investors yet again, that the inflationary fight is far from over." The healthcare sector has been declining in recent weeks and is down nearly 2.9% so far this month. Reporting by Amruta Khandekar, Siddarth S and Matteo Allievi in Gdansk; Editing by Rashmi Aich, Sonia Cheema, William MacleanOur Standards: The Thomson Reuters Trust Principles.

Persons: ECB's Lagarde, Christine Lagarde, Li Qiang, Giles Coghlan, Susannah Streeter, Hargreaves Lansdown, Streeter, Goldman Sachs, Amruta Khandekar, Siddarth, Matteo Allievi, Rashmi Aich, Sonia Cheema, William Maclean Organizations: European Central Bank, HSBC, Prudential Plc, Hargreaves, Siemens Energy, Thomson Locations: China, Russia, U.S, Gdansk

SummarySummary Companies STOXX 600 off 0.1%Defence firms fall after failed Russian mutinyHealthcare sector drags STOXX 600German business morale weakens againJune 26 (Reuters) - European shares inched lower on Monday, led by healthcare, while defence stocks fell after an aborted weekend mutiny in Russia. The pan-European STOXX 600 index (.STOXX) slipped 0.1% as of 1600 GMT, extending losses for its sixth straight session. Shares of major European defence firms Leonardo SpA (LDOF.MI), Saab AB (SAABb.ST) and Rheinmetall AG (RHMG.DE) each dropped more than 4%, weighing on the European aerospace and defence sub-index (.SXPARO) which fell 0.9%. "It's too early to price something into the market, that's why the really limited move on defence stocks." The healthcare index (.SXDP) fell 1.1% and was a big drag on the STOXX 600 index, which has come under pressure on concerns about an economic slowdown from a potentially longer-than-expected global interest rate hiking cycle.

Persons: Vladimir Putin, Leonardo, Shanti Kelemen, It's, Germany's DAX, Aston Martin, Amruta Khandekar, Varun H, Dhanya Ann Thoppil, Richard Chang Organizations: Wagner Group, Leonardo SpA, Saab AB, Rheinmetall AG, G Wealth, Energy, Siemens Energy, Lucid, Cineworld, SBB, Thomson Locations: Russia, Ukraine, Europe's, British, Swedish

The continent-wide STOXX 600 index (.STOXX) closed 0.5% lower, extending declines to the third consecutive session. Real estate stocks (.SX86P) fell 1.6%, leading sectoral losses. Shares of Kojamo (KOJAMO.HE) slid 5.4% after Barclays double-downgraded the Finnish residential real estate company's stock. Shares of European post and logistics companies slid after U.S. rival FedEx (FDX.N) reported lower quarterly profits on Tuesday. The STOXX 600 index (.STOXX) is on track for gains of 1.2% in June, losing some momentum from the first quarter of the year amid a high-interest rate environment, investor preference shifting away from value-oriented stocks and lacklustre China recovery.

Persons: Fed's Powell, BoE, Jerome Powell, Powell, Anna Titareva, Shreyashi Sanyal, Siddarth, Sohini Goswami, Eileen Soreng Organizations: Tech, Federal, Bank of, Bank, UBS, Central Banks ', Barclays, FedEx, Deutsche Post, Thomson Locations: BoE Real, Britain, China, United States, Bengaluru

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