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Stockhouse @ the Bell: Oil and China trade talks good news for markets

Stockhouse Editorial
0 Comments| February 15, 2019

Canada’s main stock index closed out the week with a triple-digit gain after oil price hit a three month high, pushing the market’s winning streak to six weeks. U.S. markets rallied, with the Nasdaq posting its eighth consecutive weekly gains as more good news came in on the U.S. / China trade negotiation front as it seems both sides could see a resolution agreement.

The S&P/TSX Composite Index was up 142.26 points to 15,838.24, and the TSX Venture Exchange was up 7.52 points to 615.92.

The Canadian dollar was up $0.0027, remaining at 75 cents.

Crude oil prices were up $1.32 to $55.73.

The price of gold was up $9.39 to $1321.25.

In U.S. markets; the Dow jumped 443.86 points to 25,883.25, the S&P 500 gained 29.87 points to 2,775.60, and the NASDAQ was up 45.45 points to 7,472.41.

In world markets; the Nikkei sunk 236.38 points to 20,900.63, the Hang Seng tumbled 521.29 points to 27,900.84, the FTSE climbed 39.89 points to 7,236.68, and the DAX rose 213.98 points to 11,299.80.


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