Saturday, July 2, 2016

Toronto, ny markets head better as Fed plays down modern jobs figures



traders reacted positively to symptoms that the U.S. Federal Reserve still plans on elevating interest rates as North American inventory markets reinforced Monday, with the S&P 500 index closing at its maximum level thus far this year.

In the big apple, inventory markets stayed solidly in fantastic territory as Federal Reserve chair Janet Yellen hinted in a speech to the world Affairs Council in Philadelphia that a fee hike is still at the desk for this summer.

the broader S&P 500 composite index climbed 10.28 factors to 2,109.41 — its highest close given that Nov. three, while the Dow Jones business average changed into up 113.27 points at 17,920.33.

The tech-heavy Nasdaq composite brought 26.19 points to 4,968.71.

In Toronto, the S&P/TSX composite index climbed 49.38 points at 14,276.16, with metals and energy shares being the largest gainers.

The July crude contract delivered $1.07 at US$forty nine.sixty nine per barrel as Nigeria keeps to stand militant attacks which have lasted for the beyond few weeks on its pipeline infrastructure.

The loonie has additionally loved a boost, gaining zero.eighty two of a cent to seventy eight.08 cents US.

In different commodities, August bullion rose $4.50 to US$1,247.40 an oz..

July herbal gas jumped seven cents at US$2.47 in line with mmBTU and July copper contracts have been unchanged at US$2.12 a pound.

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