Wednesday’s trading started well with gains for commodities helped by a weaker dollar. The greenback has slipped back after the Fed meeting last week and while it’s benefitting resources it’s having a negative effect on US equities. Wall Street closed with large losses on the Dow on Tuesday and there’s another triple-digit drop today. Around the world a lower NYSE weighed on Asian markets with trading subdued. In Europe even better German data wasn’t enough to avoid losses as a result of transatlantic woes and all the major indexes closed lower.
The S&P/TSX Composite Index closed down 151.9 (1.01 per cent)
The NYSE closed lower (Dow down 292.6 points, 1.62 per cent)
Oil is trending higher (Brent $56.27, WTI $48.96 at 4.30pm)
Gold is trending higher
The loonie is valued at U$0.7989 (at 4.30pm)