TSX, Wall Street avoid global market decline

TSX, Wall Street avoid global market decline

TSX, Wall Street avoid global market decline Concern over the two largest Asian economies saw most of the world’s major stock markets decline Thursday. With a weaker-then-expected producer price index in China and core machinery orders missing forecasts in Japan, the region’s indexes closed mostly lower.
Europe managed to shake off the data in early trading but by the end of the day the major indexes there had also fallen into the red.

North American markets though shrugged off the weakened sentiment as oil prices gave the major indexes are lift and both Toronto and New York ended slightly higher.
 
The S&P/TSX Composite Index closed up 38.04 (0.28 per cent)
The Dow Jones closed up 76.83 (0.47 per cent)
Oil is trending higher (Brent $48.72, WTI $45.72 at 4.35pm)
Gold is trending higher (1109.60 at 4.35pm)
The loonie is valued at U$0.7557