Markets
AE

TSX May Start Higher on Oil Price Hike

A generic image of a stock chart
Credit: Shutterstock photo

Canada's benchmark index looked set to open higher, boosted by rising oil prices .

Stock futures for the September quarter on the S&P TSX index were up 0.1% recently.

Action Economics ( AE ) said the imposition of US sanctions on Iran and President Donald Trump's warning for tariffs on other countries and corporations that continue to trade with Iran have kept crude prices underpinned. This follows news on Monday that Saudi Arabian output has dipped.

Meanwhile, AE said gold futures edged higher as the dollar weakened some overnight. Global equities have rallied today, which should keep gold gains contained. This said, the imposition of sanctions on Iran could see geopolitical tensions rise, which would be supportive of gold prices .

The TSX gained 11 points on Friday, led higher by materials.

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

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More