Resource News

Resource Investing

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

On Wednesday, the S&P/TSX Composite Index (INDEXTSI:OSPTX) rebounded after Hong Kong leader Carrie Lam announced the withdrawal of the extradition bill. This news was bolstered by the US Federal Reserve’s Beige Book, which suggested that the US economy should grow at a modest pace despite the US-China trade war uncertainties. The index received another bump up the following day as trade talks continue between the US and China. On Friday, oil stocks dragged the index down 1.2 percent as uncertainty over renewed US-China trade talks, which are expected to resume in October.

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it dropped sharply this morning but is expected to finish on the rise. Eight of the 12 Toronto subgroups went south in the first hour with energy stocks experiencing a 1.5 percent loss. Industrials were down 0.6 percent and information technology dipped by 0.4 percent. The three gainers today were health-care at two percent, consumer staples at 0.3 percent and financials 0.04 percent. Communication shares remained unchanged.

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
TSX20344.07+61.81
TSXV581.32+4.57
DOW34194.06+95.96
S&P 5004027.26+23.68
NASD11285.32+110.91
ASX7231.80+50.50

COMMODITIES

Commodities
Gold1756.30+4.19
Silver21.54-0.04
Copper3.63+0.02
Palladium1884.50+0.50
Platinum991.39-7.61
Oil77.96-2.99
Heating Oil3.29-0.07
Natural Gas7.23+0.45

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