TSX lower ahead of Fed meeting

TSX lower ahead of Fed meeting

TSX lower ahead of Fed meeting The world is watching as the Fed prepares to meet and, potentially, announce an increase in US interest rates. With many respected organizations expressing concern that a rate increase could affect global prosperity at a time when many economies are already flagging, the Fed’s decision will have far reaching consequences.

Most indexes have reflected caution of investors with Asia seeing a sell-off earlier today; most European markets followed with Germany bucking the trend.

Further weak data from China and the greenback’s strength continued to weigh on resources stocks pulling the TSX lower.
 
The S&P/TSX Composite Index closed down 108.1 (0.80 per cent)
The Dow Jones closed down 62.13 (0.38 per cent)
Oil is trending lower (Brent $46.51, WTI $44.08 at 4.10pm)
Gold is trending higher (1108.0 at 4.10pm)
The loonie is valued at U$0.7539