Mining stocks dampen TSX as Chinese data impacts markets

Mining stocks dampen TSX as Chinese data impacts markets

Mining stocks dampen TSX as Chinese data impacts markets Mining stocks were a drag on the Toronto Stock Exchange on Monday. Canada, Europe and Australia were among the exporters of natural resources that were hit by fresh Chinese data showing weakness in both imports and exports. Meanwhile Wall Street saw profit taking ahead of the official start of earnings season which will begin in earnest tomorrow with JP Morgan and others reporting results. Asian market closed with losses in manor major indexes although China advanced with the weak data fuelling expectation of further stimulus. European markets were also mixed as mining offset gains from the current rally of oil prices.

The S&P/TSX Composite Index closed down 4.84 (0.03 per cent)

The NYSE closed lower

Oil is trending higher (Brent $57.99, WTI $51.98 at 4.25pm)

Gold is trending lower

The loonie is valued at U$0.7943 (at 4.25pm)