Wall Street fell slightly Wednesday in mid-session deal with mixed numbers in the US and abroad, including the industry, in a careful context before a busy weekend.
: Here is the portrait on the markets at 12:30
In Toronto, the S & P / TSX lost 56 points or 0.40% at 14009
The Canadian dollar traded at 76.37 US cents, unchanged from the previous day.
In New York, the S & P 500 lost 1 point or 0.07% to 2095
The Dow was down 23 points or 0.13% at 17764
The Nasdaq added 1 point or 0.03% to 4949.
In Toronto, the health care sector ahead 1.44%, the biggest gain, thanks to whopping 6% Valeant (Tor., VRX). Conversely, the sectors of energy and materials fold respectively 0.78% and 1.27%.
Among the titles in action, the two major Quebec banks, National Bank (Tor., NA) and Laurentian Bank (Tor., LB), unveiled their second quarter results. The title of the National was down 1.38%, the largest decline of the banking sector in Toronto Wednesday.
After Vishal Shreedhar of National Bank Financial, yesterday it was the turn of Kenric S. Tyghe publish its forecast for first quarter results for the Montreal retailer Dollarama (Tor., DOL), due on 8 January. Mr. Tyghe expects earnings of $ 0.64 per share, more than the $ 0.62 per share expected by all analysts. Same-store sales, a key measure of the performance of retailers should move him according 4.8%. It reiterated its outperform recommendation for the title and his $ 99 target. Title advance of 0.91%.
Reitmans (Tor., RET.A) unveiled Tuesday its first-quarter results. The Montreal retailer recorded a 8.8% increase in comparable sales, a key measure of the performance of retailers. The net loss amounted to $ 6 million or $ 0.09 per share, against a loss of $ 7.7 million or $ 0.12 per share in the same quarter a year ago. The stock falls 2.46%.
Derek Dley of Canaccord Genuity reiterated its buy recommendation and $ 25 target for the title of BRP (Tor., DOO) in anticipation of the first quarter results of the company Valcourt. It will present its results on June 8 The analyst expects earnings of $ 0.04 per share, less than the profit of $ 0.31 per share achieved last year. The action advance of 1.54%.
Analysts back on the second quarter results Scotiabank (Tor. BNS). Sumit Malhotra, Bank analyst Scotia, saw positive elements in the results of his employer despite the leap in the provision for credit losses. It reiterated its outperform recommendation for the title and its target of $ 71. Title advance of 0.65%.
mixed figures in China
Now Wall Street retreated, "global markets digesting mixed figures on activity in China," as highlighted in a note experts from the brokerage Charles Schwab.
According to official figures of the authorities, Chinese manufacturing activity has barely maintained in green in May, while a private index, established by Caixin group, has even reported a contraction.
In the same vein, the markets have also taken note of a slowdown in manufacturing growth in the euro area last month, and, also on an international level, they have also been depressed by a report alarmist OECD has warned about a "sluggish growth".
Now it is a manufacturing index on the United States, again for May, US investors should digest at 10:00, and also a figure on construction spending in April.
"Finally, the Federal Reserve (Fed) will release its Beige Book at 14:00," made from ground observations on the US economy, experts wrote Wells Fargo, also noting that markets were encouraged caution in the opening of a two-day meeting of the European Central Bank (ECB).
Finally, the oil market also contributes to the atmosphere of caution, lowering fear that the Organization of Petroleum Exporting Countries, meeting in Vienna on Thursday, waives act against the general overabundance of black gold.
The bond market advanced, the yield on ten-year Treasury falling to 1.809%, against 1.844% Wednesday night, and that good for 30 years at 2.605% against 2.645% previously.
Demandware flies
Among the values, the automotive sector was weighed down by worse than expected on its monthly performance: General Motors and Ford, whose sales declined in May, respectively yielded 3.52% to 30.18 dollars and 2.89% to 13.10 dollars, while Fiat Chrysler was losing 2.51% to 6.99 dollars, despite a slight increase.
The ready-to-wear Michael Kors Group gained 5.22% to 44.95 dollars after announcing a net increase of its sales and quarterly business reports a redemption of shares of one billion dollars.
The equipment manufacturer Under Armour lost 5.43% to 35.68 dollars after revised down its annual forecast because of the bankruptcy of one of its partners, the Sports Authority store chain.
Also in the sector, the clothing chain Land's End, whose sales are largely by correspondence, fell by 3.22% to 16.23 dollars after announcing that its accounts had fallen into the red last quarter.
The Demandware software company soared 55.97% to 74.85 dollars after announcing its purchase nearly three billion dollars with its Salesforce competitor, which yielded 0.39% to 83.38 dollars.
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