By Ketki Saxena
Investing.com -- At 9:55 a.m in Toronto, the S&P/TSX Composite Index was at 20,804.09 points, down -0.07% shortly after the opening bell.
Following yesterday’s short-lived rebound following strength in Chinese tech stocks on news of deregulation, risk sentiment returned to the marketing following a report from top U.S. economists that U.S. inflation is closer to its all-time June 1980 high than initially calculated. This data indicates the need for the Federal Reserve to be significantly more aggressive than markets have anticipated so far. Investors will also be watching for U.S. CPI data this Friday.
Further losses on the TSX were capped by broad-based strength in commodities including energy and metals, which continues to help the Canadian benchmark outperform U.S. benchmarks this volatile quarter.
Here’s a snapshot of markets at the open:
Indices
- S&P/TSX 60: -0.25%
- S&P/TSX Venture Composite
- S&P500: -0.54%
- Dow Jones: -0.62%
- Nasdaq: -0.57%
Commodities
- Crude oil: +0.33% at $118.89
- Brent: +0.38% at $119.96
- Natural Gas: +0.04% at $9.326
- Gold: +0.31% at $1,849.50
- Silver: -0.67% at $21.985
Bond and Currencies:
- Canada 5 year: +0.003 points at 3.128%
- Canada 10 year: -0.001 point at 3.194%
- United States 10-Year: -0.039 points at 2.999%
- US Dollar Index: +0.23% at 102.67
- USD/CAD: +0.04% at 1.2580
Cryptocurrencies