You are here
Home > Commodities > Commodities Boost Forward

Commodities Boost Forward



Morning Market Breakdown, April 16: As the markets slowly trudged into the green on Monday morning, precious metals were making gains.

toronto stock exchange

The S&P/TSX Composite Index (INDEXTSI:OSPTX) saw minimal movement by Friday’s (April 13) close, ending the day at 15,273.97 with a 4.7-point boost.

The index inched forward on Monday (April 16) morning as it picked up 18.44 points to reach 15,292.41.

On the rise was the S&P/TSX Venture Composite Index (INDEXTSI:JX), which wrapped up Friday with a 13.57-point gain at 795.94. Pushing ahead on Monday morning, the index gained 4.35 points to hit 800.29.

Healthcare, gold and energy led the TSX forward on Friday, as Aurora Cannabis (TSX:ACB) grew 8.7 percent, IAMGOLD (TSX:IMG,NYSE:IAG) picked up 5.9 percent and Canadian Natural Resources (TSX:CNQ) gained 2 percent. However, the market was dragged back by drops in information technology, down 1 percent, consumer discretionary stocks, down 0.7 percent, and financials, down 0.6 percent.

battery metals outlook report 2018

The Dow Jones Industrial Average (INDEXDJX:.DJI) ended the week in the red as it fell 122.91 points to hit 24,360.14. The index gained on Monday morning, as it picked up 157.55 points to grasp 24,517.69.

The S&P 500 (INDEXSP:.INX) dropped 7.9 points on Friday, closing the day at 2,656.3. It began to rebound on Monday morning as it grew 13.82 points to reach 2,670.12.

A drop in financials, which took a 1.6-percent hit, dragged down the S&P 500, while JPMorgan Chase (NYSE:JPM) was the Dow’s worst performer as it fell 2.71 percent. Boeing (NYSE:BA) and Intel (NASDAQ:INTC) were close behind as they dropped 2.4 and 1.6 percent, respectively.

Note: All numbers shown above were accurate as of 10:00 a.m. EST.

Daily metals

Gold ended Friday on a high note when it closed at US$1,347.90 per ounce. It continued to grow on Monday morning as it reached US$1,351.60. Silver kept up a strong pace as it closed at US$16.65 per ounce on Friday. Monday morning saw similar results as it rose to US$16.73.

Copper cooled off on Friday when it closed at US$3.07 per pound. The commodity got a Monday morning boost as it blossomed to US$3.11.

Major miner news

  • AngloGold Ashanti (NYSE:AU): AngloGold Ashanti CEO Srinivasan Venkatakrishnan has moved to Vedanta Resources (LSE:VED) as the company’s new CEO. Venkatakrishnan will officially begin the position on August 31.
  • Silvercorp Metals (TSX:SVM,NYSE:SVM): A spillage incident occurred last Thursday (April 12) in a storage facility in the Ying Mining District, operated by Silvercorp Metals subsidiary Henan Found. The report claims only a small amount of leakage made its way downstream to Chong-Yang Creek, and that the leak was fully contained by 12:00 p.m. last Friday.
  • Fortuna Silver Mines (TSX:FVI,NYSE:FSM): The company released 2018 Q1 production results from its San Jose mine in Mexico and its Caylloma mine in Peru. Fortuna Silver Mines produced 2.4 million ounces of silver, up 18 percent from Q1 2017, and 15,041 ounces of gold, up 14 percent from Q1 2017. It also produced some base metals by-products.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.

cannabis market report

Looking for Cannabis Stocks?

Read our report to find market data, important news and stocks to watch!

 

Let’s block ads! (Why?)



Source link

Comments

comments

Similar Posts

Web Design BangladeshBangladesh Online Market