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Stockhouse @ the Bell: World equities snap win streak

Stockhouse Editorial
0 Comments| November 8, 2018

Losses in energy shares held down Canada’s main stock index on Thursday, but the bleeding was haemorrhaged by a series of robust earnings from several companies such as Magna International Inc. and Canadian Tire. The financial sector was up after Manulife Financial Corp and Sun Life Financial, two of Canada’s largest insurers, posted better-than-expected Q3 2018 earnings.

World equity markets snapped a seven-session winning streak. U.S. stocks sagged but the dollar rose after the Federal Reserve announced that interest rates would remain unchanged. The S&P/TSX Composite Index was down 11.96 points to 15,357.47, and the TSX Venture Exchange was down 4.94 points to 667.06.

The Canadian dollar was down $0.0026, remaining at 76 cents.

Crude oil prices were down 1.12 to $60.55.

The price of gold was down $2.51 to $1223.29.

In U.S. markets; the Dow was up 10.92 points to 26,191.42, the S&P 500 slipped 7.06 points to 2,806.83, and the NASDAQ lost 39.87 points to 7,530.89.

In world markets; the Nikkei surged 408.41 points to 22,486.92, the Hang Seng rose 80.27 points to 26,227.72, the FTSE climbed 23.48 points to 7,140.68, and the DAX was down 51.55 points to 11,527.32.


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