Resource News

Resource Investing

In case you missed it, here is this week’s resource big news roundup.

The US stock market took a $25 billion a minute hit on Wednesday when Federal Reserve Chair Jerome Powell announced the bank’s interest rate cuts, despite his explanation as to why the cuts are not the start of a lengthy easing cycle. The S&P/TSX Composite index (INDEXTSI:OSPTX) took a hit as well from the news. On Friday, the index took a second hit following a sharp escalation in the US-China trade war, but oil prices lifted energy stocks, keeping the losses in check. As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), the index climbed 0.97 points to open the market today at 592.30 points. All but three of the 12 subgroups were down to begin the session.

In case you missed it, here is this week’s resource big news roundup:

Base:

Battery:

Precious:

To see our previous Resource Investing Big News Roundups, please click here.

MARKETS

Markets
TSX18986.82-248.27
TSXV620.98-1.64
DOW30043.75-230.12
S&P 5003755.94-27.34
NASD11094.72-53.91
ASX6815.70+116.40

COMMODITIES

Commodities
Gold1708.73-9.51
Silver20.49-0.19
Copper3.44-0.06
Palladium2267.50+16.50
Platinum923.50+2.50
Oil88.13+0.37
Heating Oil3.80+0.10
Natural Gas6.97+0.04

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