By Ketki Saxena
Investing.com – At 9:50 a.m in Toronto, the S&P/TSX Composite index was at 20,525.79 points, up 0.70% shortly after the opening bell. Equities continued to rebound following yesterday’s meeting minutes from the Federal Reserve that confirmed 50 basis point hikes at the Fed’s June and July meetings, largely in line with investor expectations.
Analysts also note that increasing policy stimulus from China may also be helping keep markets balanced even as the world’s most powerful bank moves to aggressively tighten monetary policy.
Canada’s commodity heavy index was also supported by gains in energy, while heavyweight financials gained on earnings from RBC, TD, and CIBC reported before the bell.
Here’s a snapshot of markets at the open:
Indices
- S&P/TSX Venture Composite: +0.65%
- S&P/TSX 60: 0.65%
- S&P500: +1.09%
- Nasdaq: +1.01%
- Dow Jones: +1.19%
- VIX: -1.69%
Commodity futures
- Crude: +2.12% at $112.67/barrell
- Brent: +1.31% at $112.58/barrell
- Natural Gas: -0.36% at $8.961/mmbtu
- Gold: +0.06% at $1847.39/troy ounce
- Copper: +0.25% at $4.2650
Bonds and Currencies
- Canada 5 year: -0.029 points at 2.605%
- Canada 10 year: +0.013 points at 2.787%
- United States 10-Year: -0.005 points at 2.742%
- US Dollar Index Futures: -0.16% at 101.89
- USD/CAD: -0.06% at 1.2807
Cryptocurrencies