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TSX Now Down Near 35 Pts, Was A Bit Lower; Comes After Two Days of Gains

Natural Gas Falls as Rising Production Offsets Warming Forecasts

Natural gas traded lower early Tuesday despite warm forecasts as production continues to rise. Gas for June delivery was last seen down $0.04 to US$2.87 per million British thermal units.Long-term forecasts from the National Weather Service expect nearly all states to see warmer than seasonal temperatures over its six to 14 day outlook, offering some cooling demand amid the spring shoulder season.However production continues to rise, boosting inventories of the fuel and limiting prices."U.S. production continues to trend higher, supported by solid shale output and rising associated gas volumes from oil directed drilling, particularly in the Permian Basin....Combined with relatively mild winter weather, this has left inventories in a comfortable position," TD Economics wrote.

$NGM6$UNG

Equities53d ago

TotalEnergies Enters Exploration Agreement for Syrian Offshore Block

TotalEnergies (TTE.PA, TTE.L), QatarEnergy and ConocoPhillips signed a memorandum of understanding with Syrian Petroleum Co. to jointly assess exploration opportunities at Syria's offshore Block 3 area in the Mediterranean Sea.The agreement includes a technical review of the offshore area by the French energy giant and its partners, and establishes the framework for discussions related to exploration activities, according to a Tuesday release.

$TTE.L$TTE.PA

Sectors53d ago

Sector Update: Energy Stocks Rise Premarket Tuesday

Energy stocks were rising premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) up 1.1%.The United States Oil Fund (USO) was up 3% and The United States Natural Gas Fund (UNG) was 2% lower.Front-month US West Texas Intermediate crude oil was 3.2% higher at $101.25 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.2% to $107.49 per barrel, and natural gas futures were down 1.7% at $2.86 per 1 million British Thermal Units.Venture Global (VG) shares were up more than 7% after the company reported higher Q1 earnings and revenue.Petrobras (PBR) stock was down more than 1% even after the company posted higher Q1 net income and sales revenue.Shell (SHEL) plans to divest its gas station network in France, according to a Google translation of a Monday report from French newspaper Les Echos. Shell shares were up 0.2% premarket.

$PBR$SHEL$UNG$USO$VG$XLE

Treasury53d ago

Affordability a Key Concern For Canada's Housing Market As Latest Existing Home Sales Data Awaited, notes BMO

The spring buying season provided little boost to Canada's "lacklustre" housing market in April, says Bank of Montreal, while noting that existing home sales data for April will be released on Thursday at 5 a.m. ET.Nationally, BMO expects sales to tick up from March, but to remain about 2% below year-ago levels. Average prices are expected to be little changed from year-ago levels, while the quality-adjusted MLS HPI could be down 4% year over year.Beyond the seasonal support, the market remains balanced, although regional differences persist, said the bank. Softness in Southern Ontario is a key outlier, while smaller-to-medium-sized cities in Quebec and Atlantic Canada remain tight, although less so over the past year, it addedAffordability is a key concern stopping the market from gaining meaningful traction, especially given elevated economic uncertainty, according to BMO.

$CXY

Sectors53d ago

Sector Update: Financial Stocks Edge Higher Pre-Bell Tuesday

Financial stocks were edging higher pre-bell Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.7% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.3%.EToro (ETOR) stock was up 0.4% after the company reported an increase in Q1 adjusted earnings.CME Group (CME) said it is partnering with Silicon Data to launch a compute futures market later this year, pending regulatory review. Shares of CME Group were 0.8% higher premarket.Goldman Sachs' (GS) private equity business within Goldman Sachs Alternatives acquired FGI Worldwide, the company said. Goldman Sachs stock was down 0.2% pre-bell.

$CME$ETOR$FAS$FAZ$GS$XLF

Commodities53d ago

Market Chatter: Shell to Divest French Motorway Filling Station Network

Shell (SHEL) is planning to sell its network of 60 motorway petrol stations in France, French newspaper Les Echos reported on Tuesday.The energy major has reportedly shared internal documents with employees and suppliers outlining plans to sell roughly 60 highway sites currently operated under multi-year contracts with motorway concessionaires such as Vinci, Cofiroute, and ASF, the report said.While Shell does not directly own the stations, it manages the branding, fuel supply, and maintenance services for the network, which generated a robust operating profit of 108.5 million Euro ($127.5 million) in 2025.According to the report, Shell has informed worker representatives that it intends to identify a buyer by the third quarter of 2026, with a goal to finalize the transaction in early 2027.The company declined to comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$SHEL

Sectors53d ago

Gold Trading Lower as USD and Yields Rise as U.S. Inflation Surged Last Month

Gold moved lower early Tuesday, dropping for a second day as the dollar and yields rose after the United States reported inflation continued to surge last month on higher energy prices that followed the war on Iran. Gold for June delivery was last seen down $28.80 to US$4,700.50 per ounce.The U.S. Bureau of Labor Statistics reported the April Consumer Price Index (CPI) rose at a 3.8% annualized pace, up from 3.3% in March, but matching expectations according to Marketwatch.Core CPI, excluding food and energy costs, rose 2.8%, up from 2.6% a month earlier, and above consensus estimates for a 2.7% rise.The rise comes as the Strait of Hormuz has been blocked since Feb. 28, when the United States and Israel launched the war on Iran, keeping 20% of daily oil demand supplied by Persian Gulf nations from the market, creating the largest-ever energy supply shock and raising oil prices by nearly half.Rising energy costs have raised concerns central banks will raise interest rates to slow inflation, sending investors to bonds and the dollar and keeping gold rangebound."Gold's rally has paused as higher real rates cap upside, but ongoing geopolitical risks and solid central-bank demand should provide downside support," TD Economics wrote.The dollar rose following the CPI report, with the ICE dollar index last seen up 0.29 points to 98.25. Treasury yields also rose, with the yield on the U.S. two-year note up 2.5 basis points to 3.994%, while the 10-year note was paying 4.446%, up 3.3 points.

$GCM6$GLD

Mining & Metals53d ago

Sylogist Suspends its Quarterly Dividend; Reports Wider Net Loss and Lower Total Revs in Q1

Sylogist's (SYZ.TO) board of directors is suspending the quarterly dividend in order to support capital allocation priorities, while the company on Tuesday reported a wider than expected net loss on lower than forecast total revenues in the first quarter, while it transforms to an SaaS business model.First quarter net loss was C$3.8 million, compared to net loss of $0.935 million in the corresponding year-ago quarter. Basic and diluted loss per common share was $0.16 versus a loss of $0.04. The consensus forecast at FactSet was for a loss of $0.03.First quarter total revenue was $14.7 million, compared to $16.3 million in the year-ago quarter. The consensus estimates compiled by FactSet for Sales was $15.1 million.On suspending the company's quarterly dividend, the company noted that in February 2026 the TSX approved the renewal of its NCIB program, under which the company repurchased 95,000 common shares at an average price of $3.84 per share during the first quarter. The company intends to continue utilizing the program as a preferred means of returning capital to shareholders, it added."The company remains focused on completing the final steps in its transformation to a dynamic SaaS business model," said Craig O'Neill, Interim President and Chief Executive Officer. "Following several years of investment, we are now proving the value of our cloud-based products with our customers and partners. We are also increasing our emphasis on operational efficiency and go-to-market performance, including the ongoing transition to partner-led project delivery. Although this transition has created short-term pressure on project services revenue, we believe it will enable greater scalability as our SaaS products gain traction in our target markets and ultimately drive stronger recurring revenue growth."Shares in SYZ were down $0.07 or 1.8% at $3.75 in Canada yesterday.

$SYZ.TO

Sectors53d ago

Sector Update: Healthcare Stocks Advance Premarket Tuesday

Healthcare stocks were advancing premarket Tuesday, with the State Street Health Care Select Sector SPDR ETF (XLV) up 0.3% and the iShares Biotechnology ETF (IBB) 0.6% higher.Sionna Therapeutics (SION) shares were down more than 5% after the company reported a wider-than-expected Q1 net loss.Alkermes (ALKS) said a late-stage trial evaluating its investigational Lumryz oral suspension in adults with idiopathic hypersomnia, a rare condition in which patients require excessive sleep, met all primary and key secondary endpoints. Alkermes stock was up more than 2% pre-bell.BridgeBio Pharma (BBIO) shares were up more than 1% after the company said it has submitted a new drug application to the US Food and Drug Administration for encaleret, a potential treatment for autosomal dominant hypocalcemia type 1 (ADH1), a rare genetic condition affecting calcium levels.

$ALKS$BBIO$IBB$SION$XLV

Commodities53d ago

UK Energy Regulator Ofgem Approves Early Construction Funding for Scottish Power Transmission

UK energy regulator Ofgem has approved 'early construction funding' for several large power transmission projects in Scotland, it said on Tuesday, a step which will help tackle lack of grid capacity to deliver surging volumes of wind power.Interestingly, the Ofgem press release noted that the approval will help ensure that scarce substation components and HVDC cables can be sourced amid a "global race to secure key components" as many countries pursue decarbonization goals.Procurement delays that arise when such components are not immediately available can significantly increase project costs, Ofgem said.The approval is not an agreement to provide funding, but rather a step that includes the projects in a regulated remuneration framework that outlines future permitted revenues for investors in the projects to recoup their capital.The grid expansion itself will also help the UK unlock more value from its renewable energy investments by reducing curtailment or the disconnecting of renewable power due to lack of grid capacity to carry it to populous or industrial areas that can absorb it.The cost of compensating wind farm owners during such events is ultimately added to consumer power bills.Ofgem said that the projects should start delivering benefits to consumers by 2030 if the investments are executed to schedule.

Asia53d ago

Baiyunshan Pharmaceutical Gets Supplementary Approvals for Two Drugs

China's drug regulator granted Guangzhou Baiyunshan Pharmaceutical (SHA:600332, HKG:0874) a supplemental drug approval for its cefuroxime sodium injection and candesartan cilexetil tablets, according to a Tuesday filing with the Shanghai bourse.The approvals cover supplementary research.Cefuroxime sodium is indicated for acute respiratory, urinary tract, and other bacterial infections, whileCandesartan cilexetil is indicated for hypertension.

HKG:0874SHA:600332

Sectors53d ago

Sector Update: Consumer Stocks Mixed Premarket Tuesday

Consumer stocks were mixed premarket Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.2% lower.Sea (SE) shares were up more than 12% after the company reported higher Q1 earnings and revenue.Alliance Laundry (ALH) stock was up more than 3% after the company posted higher Q1 adjusted earnings and net revenue.Victoria's Secret (VSCO) is stepping up its proxy contest against shareholder Brett Blundy and his private equity firm BBRC International, detailing engagement with the parties ahead of an annual meeting in June, according to a filing. Victoria's Secret shares were up more than 1% pre-bell.

$ALH$SE$VSCO$XLP$XLY

Asia Markets53d ago

US Equity Futures Lower Pre-Bell as Trump Says Middle East Ceasefire on 'Life Support'

US equity futures were lower pre-bell Tuesday as the standoff continued in the Middle East, with the ceasefire between the US and Iran on shakier ground after President Donald Trump said it was "on life support."Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were down 0.4%, and Nasdaq futures were 0.8% lower.Trump told reporters in the White House that the month-old truce is "unbelievably weak." He had rejected Iran's response to the US peace proposal. Iran's most recent counteroffer had included a demand for war reparations, an end to sanctions, full sovereignty over the Strait of Hormuz, and the release of frozen Iranian assets.Traders monitored the latest round of earnings, with Sea (SE) and Venture Global (VG) posting higher Q1 earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 3.2% at $107.57 per barrel and US West Texas Intermediate crude 3.1% higher at $101.08 per barrel.The April consumer price index, released at 8:30 am ET, gained 0.6% as expected, compared with a 0.9% increase in the previous month, according to estimates compiled by Bloomberg.Federal Reserve Chicago President Austan Goolsbee is slated to speak Tuesday.In other world markets, Japan's Nikkei closed 0.5% higher, Hong Kong's Hang Seng ended 0.2% lower, and China's Shanghai Composite finished 0.3% lower. Meanwhile, the UK's FTSE 100 was down 0.4%, and Germany's DAX index was 1.1% lower in Europe's early afternoon session.In equities, Novo Nordisk (NVO) stock was up 2.5% after the company said a higher dose of its Wegovy drug helped people with obesity lose "significant amounts" of weight irrespective of how quickly their body responds to the treatment, based on a new sub-analysis from a clinical trial. Sea and Venture Global shares were up 11% and 9.4%, respectively, after the companies reported their Q1 financial results.On the losing side, Dell Technologies (DELL) shares were down 2.1% after UBS downgraded the stock to neutral from buy. Hims & Hers Health (HIMS) stock was down 15% after the company reported a swing to Q1 loss.

Dow JonesNasdaq CompositeS&P 500$DELL$HIMS$NVO$SE$VG

Asia53d ago

Market Chatter: Indonesia Eyes Deeper Economic Links with Kazakhstan to Widen Eurasia Access

Indonesia is looking to boost economic ties with Kazakhstan in a bid to broaden its access to Eurasian markets, The Jakarta Globe reported, citing Coordinating Economic Affairs Minister Airlangga Hartarto."With Kazakhstan's geographic position and regional connectivity, there are significant opportunities to strengthen trade, investment, and industrial partnerships between the two countries," Airlangga said, according to The Jakarta Post.Airlangga met Kazakhstan Prime Minister Olzhas Bektenov on his ongoing visit to Astana, where the latter expressed support for increased economic cooperation between the two nations, according to the report.The countries have pledged collaboration in various sectors, including energy, the digital economy, agriculture, manufacturing, food processing, tourism, and Islamic banking.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Sectors53d ago

Sector Update: Tech Stocks Decline Pre-Bell Tuesday

Technology stocks were declining pre-bell Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 1.1% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.8% lower.Zebra Technologies (ZBRA) shares were up more than 12% after the company reported higher fiscal Q1 non-GAAP earnings and net sales, and issued fiscal Q2 and 2026 non-GAAP EPS outlook above analysts' estimates.D-Wave Quantum (QBTS) stock was down more than 3% after the company posted a wider Q1 net loss as revenue fell during the period.Ralliant (RAL) shares were up more than 12% after the company raised its 2026 outlook and issued Q2 guidance above analysts' expectations.

$QBTS$RAL$XLK$XSD$ZBRA

Asia53d ago

Pop Mart Flags Up to 80% Surge in Q1 Revenue

Pop Mart International's (HKG:9992) revenue jumped 75% to 80% year over year in the first quarter.The Chinese toy company said Tuesday in a Hong Kong bourse filing that sales from China, Asia Pacific, America and Europe all grew over the period, as did revenue from its offline and online channels.

HKG:9992

Sectors53d ago

Sector Update: Energy

Energy stocks were rising premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) up 1.1%.The United States Oil Fund (USO) was up 3.1% and the United States Natural Gas Fund (UNG) was 1.7% lower.Front-month US West Texas Intermediate crude oil was 2.8% higher at $100.86 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2.9% to $107.25 per barrel, and natural gas futures were down 1.1% at $2.88 per 1 million British Thermal Units.Venture Global (VG) shares were up more than 7% after the company reported higher Q1 earnings and revenue.

$VG

Research53d ago

Research Alert: Sea Limited: Resilient Q1 2026 Profits Despite Shopee And Monee Investments

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Sea Limited's (Sea) Q1 2026 EPADS of USD0.67 (+3.1% Y/Y) met our expectation. Total revenue grew 47% Y/Y, driven by strong momentum across all core segments. While the adjusted EBITDA margin eased 5ppt Y/Y amid continued investments across Shopee and Monee, overall adjusted EBITDA still increased 9% Y/Y. Shopee's revenue rose 45% Y/Y, accelerating from Q4 2025's 36% growth, supported by GMV growth of 30% Y/Y and improved monetization, with transaction-based fees and advertising revenue up 61% Y/Y. Shopee's adjusted EBITDA declined 16% Y/Y due to investments in logistics and user experience. Management reiterated confidence in achieving around 25% GMV growth in 2026 while maintaining Shopee's adjusted EBITDA at no lower than 2025 levels. Monee's revenue grew 58% Y/Y, supported by 71% growth in loans outstanding, while asset quality remained stable with the NPL ratio steady Q/Q at 1.1%. Garena's revenue and bookings increased 41% and 20% Y/Y, respectively, while adjusted EBITDA rose 25% Y/Y.

$SE

Sectors53d ago

Sector Update: Healthcare

Healthcare stocks were up premarket Tuesday, with the State Street Health Care Select Sector SPDR ETF (XLV) up 0.3% and the iShares Biotechnology ETF (IBB) 0.6% higher.Sionna Therapeutics (SION) shares were down 5% after the company reported a wider-than-expected Q1 net loss.

$SION

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Asia Markets53d ago

US Equity Futures Lower Pre-Bell as Trump Says Middle East Ceasefire on 'Life Support'

Dow JonesNasdaq CompositeS&P 500$DELL$HIMS$NVO$SE$VG