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@ the Bell: Could the TSX grow its win streak to 6?

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12 October 2023 16:22 (EDT)

Futures for Canada’s main stock index sunk on Thursday, as commodity prices slipped despite hopes of fresh China stimulus, while yields retreated ahead of key inflation data from the United States. The TSX lost as much as it had gained in the previous day. The energy sector was the lone gainer in an otherwise broad decline.

U.S. stock futures also sunk as investors looked to the consumer price index increase of 0.4 per cent on the month and 3.7 per cent from a year ago, according to a U.S. Labor Department report.

TSX19,462.86-37.88
TSXV529.13+0.26
CSE173.93+1.35
DJIA33,670.29+39.15
NASDAQ13,407.23−166.99
S&P 5004,327.78−21.83

The Canadian dollar traded for 73.04 cents U.S., compared to 73.51 cents U.S. on Wednesday.

U.S. crude futures traded $0.14 lower at $83.35 a barrel, but the Brent contract added $0.50 to $86.32 a barrel.

The price of gold was down US$6.11 to US$1,869.38.

In world markets, the Nikkei was up 558.15 points to 32,494.66, the Hang Seng was up 345.11 points to 18,238.21, the FTSE was up 26.63 points to 7,646.66, but the DAX was down 34.98 points to 15,425.03.


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