Join today and have your say! It’s FREE!
We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}

Join today with :

or

By providing my email, I consent to receiving investment related electronic messages from Stockhouse.
Sign in with existing account
Please Try Again
{{ error }}

Sign In With :

or

Password Hint : {{passwordHint}}
Forgot Password?
Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Stockhouse @ the Bell: Weak bank earnings & China uncertainty weigh on markets

Stockhouse Editorial
0 Comments| February 28, 2019


Canada’s main stock index fell below 16,000 on Thursday led by financial sector losses (-0.8%) and disappointing quarterly earnings from the country’s second bigger lender, TD Bank (-2.4%). CIBC (-2.7%) also posted a quarter earnings decline that was bigger than expected. Energy shares were also down (-0.5%) led by Seven Generations Energy Ltd (-9.1%). On Wall Street, weak economic data from China, coupled with uncertainty over trade talks with the U.S. and the abrupt end to the North Korea / U.S. nuclear talks saw investors scale back their optimism.

The S&P/TSX Composite Index was down 75.29 points to 15,999.01, but the TSX Venture Exchange was up 3.19 of a point to 623.54.

The Canadian dollar was down $0.0013, remaining at 76 cents.

Crude oil prices were up $0.32 to $57.26.

The price of gold was down $8.30 to $1312.50.

In U.S. markets; the Dow lost 69.16 points to 25,916.00, the S&P 500 shed 7.89 points to 2,784.49, and the NASDAQ was down 21.98 points to 7,532.53.

In world markets; the Nikkei fell 169.99 points to 21,385.16, the Hang Seng declined 123.72 points to 28,633.18, the FTSE slipped 32.32 points to 7,074.73, but the DAX climbed 28.38 points to 11,515.64.




Comments

No comments yet. Be first to comment!

Leave a Comment

You must be logged in to access this feature.


×

StockTalk
Get our FREE StockTalk Investor Guides by sector as they are released!

Stay on top of sector specific news, get industry leaders insights and our best content, delivered to your email.

You are already a member! Please enter your password to sign in.