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Traders bet the bank crisis is over … for now

Jonathon Brown Jonathon Brown, The Market Online
0 Comments| May 2, 2023

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Equities in Canada’s main stock index moved down on Monday, as gains led by industrial stocks were stifled by losses among mining, energy, and health care shares.

Investor caution still looms ahead of major central bank meetings this week.

Chinese and German markets were closed for Labour Day, while UK markets were closed for the bank holiday.

US markets were in the red as traders bet the sale of First Republic to JPMorgan Chase had contained the regional banking crisis that has stressed markets since March.

TSX 20,615.10 -21.44 Click to enlarge
TSXV 608.65 -4.73 Click to enlarge
CSE 167.27 +2.05 Click to enlarge
DJIA 34,051.70 −46.46 Click to enlarge
NASDAQ 12,212.60 −13.99 Click to enlarge
S&P 500 4,167.87 -1.61 Click to enlarge

The Canadian dollar traded for 73.88 cents US, compared to 73.83 cents US on Friday.

US crude futures traded $1.42 lower at $75.36 a barrel, and the Brent contract lost $1.41 to $78.92 a barrel.

The price of gold was down US$4.82 to US$1,982.05.

In world markets, the Nikkei was up 266.74 points to 29,123.18, the Hang Seng remained at 19,894.57, the FTSE remained at 7,870.57, and the DAX remained at 15,922.38.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.




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