TSX declines as markets track losses on Wall Street

TSX declines as markets track losses on Wall Street

TSX declines as markets track losses on Wall Street 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)