China, oil and US data were all in focus Wednesday. The volatile Chinese stock market did calm towards the end of the session but regional indexes closed mostly lower.
European and North American markets fared better as oil clawed back some earlier losses and US data painted a largely positive picture although the Fed’s Beige Book didn’t give a clear indication on interest rates despite showing continued growth. Jobs data on Friday is the main point of interest.
The S&P/TSX Composite Index closed up 63.35 (0.47 per cent)
The Dow Jones closed up 293.1 (1.83 per cent)
Oil is trending higher (Brent $50.40, WTI $46.04 at 4.10pm)
Gold is trending lower (1133.00 at 4.10pm)
The loonie is valued at U$0.7527