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Market Open: Possible US-China Reprieve Tips TSX Up | Wed. May 7

Lyndsay Malchuk Lyndsay Malchuk, The Market Online
0 Comments| 9 days ago

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Futures of Canada’s main index kicked upwards this morning as investors focused on a potential de-escalation in the U.S.-China trade war

Market Numbers (Futures)

TSX :Down (0.10%) 25,14.54
TSXV: Up (1.45%) 665.55
DOW: Up (0.48%) 41,113.00
NASDAQ: Up(0.32%) 19,940.00
FTSE: Down (0.43%) 8,560.76

In the Headlines:

U.S. and China are set to hold talks in Switzerland this weekend, offering markets a possible first step toward easing the trade standoff pressuring global growth.

And The U.S. Federal Reserve could keep its key rate unchanged for several more months as it evaluates the impact of U.S. President Donald Trump’s widespread tariffs on hiring and inflation.

Currencies Update: (Futures)

The Canadian dollar is on the up 0.15% to the greenback, steady at $0.7235, sliding 0.08% against the Euro to $0.6371, and Bitcoin dominates with 3.34% to $133,875.34

Commodities: (Futures)

Natural Gas: Up (4.37%), 3.61
WTI: Up (0.28%), 59.24
Gold: Down (1.15%), 3,390.55
Copper: Down (0.22%) 5.91

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