News Formal

TSX today: Stocks tank as recession fears grip investors - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Canada’s benchmark stock index opened sharply lower Thursday as investors grew increasingly concerned about a looming recession and reacted to negative earnings news from two big American financial services companies.

At 9:47 a.m., the S&P/TSX Composite Index was down 234.33 points to 18,380.86. Within an hour of the open of trading, losses on the index roughly doubled and the TSX traded more than two per cent lower as financial and resource stocks weighed.

“Central banks around the world are really hiking because they need the ammunition and wiggle room to reverse course and drop rates once we do see the economy start to slow.”“Bottoming processes do take time in the markets, it can take weeks, it can take months. But I do see through summer, until we curb inflation and get things under control, that we will continue to see markets swing in both ways,” said Gardner. “I do like financials as a sector from a valuation perspective.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 83. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

TSX today: Energy stocks drop as oil falls below US$100 - BNN BloombergCanada’s benchmark stock index fell mid-day Tuesday as weaker crude prices weighed on major energy companies.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »

TSX today: Stocks pare some losses after historic BoC rate hike - BNN BloombergCanada’s benchmark stock index pared some of its losses but still closed in negative territory in the wake of the Bank of Canada historic full-point interest rate hike Wednesday.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »

Oil falls to three-month low as recession fears spook market - BNN BloombergOil tumbled as concerns about a global economic slowdown and growing COVID-19 cases in China reduced traders’ appetite for risk.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »

Stocks swoon as Treasuries sound recession alarm - BNN BloombergStocks slumped ahead of a key inflation report, with the Treasury curve inversion deepening to levels last seen in 2007 amid fears that rate hikes will sink the economy into a recession.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »