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Stockhouse @ the Bell: TSX lower while tensions simmer on Wall Street

Stockhouse Editorial
0 Comments| June 24, 2019

Strength in the materials sector wasn’t enough to stabilize Canada’s main stock index in positive territory on Monday, as the TSX sunk slightly. Wall Street markets were mostly lower, but mostly flat, looking stalled until the G20 summit in Japan later this week, where it is expected that US President Donald Trump and Chinese President Xi Jinping will meet to at least simmer the ongoing trade dispute between the two nations, which has been blamed for keeping global growth stagnant. The US dollar fell to three-month lows on bets the Federal Reserve may cut interest rates more than once this year.
The S&P/TSX Composite Index was down 1.96 points to 16,523.47, and the TSX Venture Exchange was down 3.45 points to 589.12.
The Canadian dollar traded for 75.74 cents US compared with an average of 75.69 cents US on Friday.
Crude oil prices were up $0.41 to $57.84.
The price of gold was up $22.80 to $1,418.99.
In U.S. markets; the Dow was up 8.41 points to 26,727.54, the S&P 500 shed 5.11 points to 2,945.35 and the NASDAQ lost 26.01 points to 8,005.70.

In world markets; the Nikkei grew 27.39 points to 21,285.99, the Hang Seng climbed 39.34 points to 28,513.00, the FTSE inched up 9.20 points to 7,416.69, but the DAX was down 65.00 points to 12,274.57.


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