empty

15.06.202614:01:16UTC+00TSX Rises on US-Iran Peace Deal

The S&P/TSX Composite Index climbed more than 1% on Monday, moving back above the 35,000 mark after the United States and Iran announced a preliminary peace agreement aimed at ending the conflict. US President Donald Trump said the deal would halt hostilities and allow the reopening of the Strait of Hormuz.

Crude oil prices fell following the announcement, easing fears that an energy-driven surge in inflation could force global central banks into a more hawkish stance. Bond yields also moved lower, helping to alleviate concerns about rising borrowing costs.

Financials advanced, with shares of BMO and Scotiabank each gaining more than 1%, while Brookfield added over 2%. At the same time, a rise in gold prices underpinned a strong rally in mining stocks: Agnico Eagle and WPM jumped more than 7%, and Barrick added over 5%.

In contrast, energy stocks slumped in response to weaker oil prices. Canadian Natural fell 4.5%, and Suncor declined 5%.

Investors are now turning their attention to the Federal Reserve’s policy meeting, which concludes on Wednesday, with markets broadly expecting interest rates to be left unchanged.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


二元期权无法在该地区进行交易
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback