U.S. prices rose moderately in June
Energy sector muted on lower oil prices
Winpak rises on PT raise
TSX up 0.8

July 26 Reuters Canada39;s main stock index jumped amid broader gains on Friday as investors cheered U.S. data that showed inflation rose moderately in June, keeping hopes of a U.S. rate cut intact for September.

At 1004 a.m. ET 1404 GMT, the Toronto Stock Exchange39;s SPTSX composite index was up 181.7 points, or 0.8, at 22789.73 at open. The benchmark index is set to log its fifth weekly incline, if gains hold.

Investors39; positions of an interest rate cut by the U.S. central bank in September remained unchanged after prices in the world39;s largest economy rose moderately last month.

I think the markets expect a rate cut now as opposed to before. Many people have expected it to be pushed back and that it was a probably a 5050 probability that it would happen at all this year, said Daniel Nowlan, managing director of Equity Capital Markets Group at the National Bank of Canada.

Money markets currently see an 87.5 chance of a rate cut by the Federal Reserve in September.

All Canadian sectors were trading in the green after the data, except energy that was flat, as oil prices were pressured by muted demand in China and hopes of a Gaza ceasefire deal that could ease Middle East tensions and accompanying supply concerns.

Ratesensitive utilities and banks were up 0.7 and 0.9, respectively, while materials shares climbed 1.1 as gold prices rose more…