In case you missed it, here is this week’s resource big news roundup.
All of the indices fell by more than one percent on Tuesday this week as investors continued to monitor the trade tensions between the US and China. Stocks immediately fell on Tuesday after the Trump administration placed bans on numerous Chinese government officials and companies that are tied to alleged human rights abuses. Despite a rocky start to the week, the S&P/TSX Composite Index (INDEXTSI:OSPTX) steadily rose for the remainder of the week. The gains can be attributed to a possible end to the US-China trade war, and reports of an Iranian tanker attack lifted oil prices.
As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it steadily declined all the week. Seven of the 12 Toronto subgroups were lower with gold leading the way in losses at 2.3 percent, followed by materials slipping one percent and utilities dipping 0.9 percent. Leading the way in gains is energy up 1.4 percent, healthcare rising 0.7 percent and financials edging up at 0.6 percent.
In case you missed it, here is this week’s resource big news roundup: