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Stockhouse @ the Bell: Corp. earnings & China’s economic performance fail to impress

Stockhouse Editorial
0 Comments| July 15, 2019

The tech and health care sectors helped move Canada’s main stock index higher on Monday, specifically thanks to  top cannabis companies. US major markets were flat in a lukewarm reaction to new corporate earnings reports. More are expected to continue through the week, as impending retail sales and industrial production data could provide clues about the US’ economic health. Economic data from China reported that industrial production, retail sales and urban investment were higher than expected, while the Q2 annual GDP growth rate fell to a 27-year low, as predicted.
The S&P/TSX Composite Index was up 22.70 points to 16,510.82, the TSX Venture Exchange was up 3.01 points to 579.04.
The Canadian dollar traded for 76.65 cents US compared with an average of 76.70 cents US on Friday.
Crude oil prices were down $0.81 to $59.40.
The price of gold was up $5.12 to $1,415.02.
In U.S. markets; the Dow climbed 27.13 points to 27,359.16, the S&P 500 added 0.53 points to 3,014.30 and the NASDAQ rose 14.04 points to 8,258.18.

In world markets; the Nikkei jumped 42.45 points to 21,685.90, the Hang Seng rallied 83.50 points to 28,554.88, the FTSE grew 25.84 points to 7,531.72, and the DAX was up 64.35 more points to 12,387.34.


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