Markets
AE

TSX May Open Lower As Commodities Fall

An image of a calculator, a smartphone and a chart on a clip board
Credit: Shutterstock photo

Canada's benchmark index looked set to open lower on Thursday, hurt by falling commodity prices.

Stock futures for the June quarter on the S&P TSX index were down 0.2% recently.

Action Economics ( AE ) said broad risk-off conditions has been behind much of the weakness in oil prices , as Washington politics continues to trouble the markets. Meanwhile, U.S. politics drove the fear trade in metals, although AE added that the naming of a special counsel to investigate Trump campaign ties to Russia could calm markets to a degree.

The TSX has shed 269 points on Wednesday, with industrials and info tech leading the decline.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

AE

Other Topics

Stocks

Latest Markets Videos