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Stockhouse @ the Bell: Markets higher on U.S. / China trade resolution

Stockhouse Editorial
0 Comments| February 25, 2019

Emerging hopes of a possible trade deal between the U.S. and China helped push Canada’s main stock index higher Monday. President Donald Trump stated that he could delay raising tariffs on imports from China and went as far to say he’d hold a summit to sign a final trade deal in China. Despite a fall in oil prices energy stocks were up +0.6% and the financial sector rose +0.5%. Health care stocks were down, led by declines among cannabis producers Cronos Group Inc. (-7.3%) and Aphria Inc. (-4.4%).
The S&P/TSX Composite Index was up 44.02 points to 16,057.03, the TSX Venture Exchange was up 0.46 of a point to 622.73.
The Canadian dollar was down $0.0032 remaining at 76 cents.
Crude oil prices were down $1.90 to $55.36.
The price of gold was down $0.60 to $1,326.78.
In U.S. markets; the Dow climbed 60.14 points to 26,091.95, the S&P 500 increased 3.44 points to 2,796.11, and the NASDAQ was up 26.91 points to 7,554.46.
In world markets; the Nikkei rose 103.21 points to 21,528.23, the Hang Seng jumped 143.71 points to 28,959.30, the FTSE added 5.14 points to 7,183.74, and the DAX gained 47.89 points to 11,505.39.


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