By Ketki Saxena
Investing.com – At 9:40 a.m in Toronto, the S&P/TSX Composite Index was at 20,337.63 points, up 0.77% shortly after the opening bell, tracking U.S. and global equities higher. Positive sentiment returned to global equity markets following news of the Chinese reopening, and a cut in China’s benchmark reference rate ofr mortgages, in an aggressive move to bolster the country’s slowed economy following prolonged lockdowns.
The Canadian Index also continues to be supported by strength in commodities including crude, and industrial metals including copper.
Indices:
- S&P/TSX 60: +0.68%
- S&P/TSX Venture: +0.74%
- S&P500: +0.65%
- Dow Jones: +0.53%
- Nasdaq: +0.88%
- CBOE Volatility Index: -2.15%
Cryptocurrencies:
Commodity futures:
- Crude: +0.45% at $110.38/barrell
- Natural Gas: -3.08% at $8.052/mmbtu
- Gold: -0.04% at $1,840.54
- Copper Futures: +0.47% at 4.3030
Bonds and Currencies:
- Canada 5 year: +0.018 points at 2.790%
- Canada 10 year: +0.022 points at 2.905%
- U.S. 10 year: +0.004 points at 2.859%
- USD/CAD: -0.20% at 1.2799