TSX rebounds after 7 weak sessions

TSX rebounds after 7 weak sessions

TSX rebounds after 7 weak sessions Tuesday brought better results for Canadian stocks as Toronto’s main index ended positive for the first time in more than a week. Some good earnings results and a slight rebound for commodities helped, while Wall Street gained ahead of Wednesday’s Fed announcement. Asian markets ended their day with losses as China’s fragile economy disappointed again and the region’s major indexes followed. Europe’s equities gained ahead of the Fed and sentiment was boosted by oil prices and regional earnings.

The S&P/TSX Composite Index closed up 75.99 (0.54 per cent)
The NYSE closed higher (Dow up 189.7 / 1.09 per cent)
Oil is trending mixed (Brent up at $53.09, WTI at $47.73 at 4.20pm)
Gold is trending lower
The loonie is valued at U$0.7732 (at 4.20pm)