For FullyInformed members here is the Market Direction Outlook for the Toronto Stock Exchange for Tuesday Mar 8 2016
Monday saw the TSX move higher again as oil climbed. Brent futures moved above $40 a barrel as a report showed smaller-than-expected US crude stockpiles. The amount was small and certainly does not look like a trend, but the market at present is looking at any positive news for a reason to escalate prices higher. Meanwhile US crude rose to its highest level in 2 months to close at $37.90. This helped push stocks to an eighth day of rallying with a big gain.
Toronto Stock Exchange Rises 170.10 Points
The rise of 170.10 points places the TSX at 13,383.60 the highest close since December 2.
Meanwhile China indicated they are lowering their outlook for 2016 growth and are planning for a record high budget deficit as they struggle to boost growth within their country. This is pushing commodity prices higher benefiting the TSX…………the rest of this article is for FullyInformed Members.
TSX Market Direction Outlook for Mar 8 2016
FullyInformed Members can login through this link to read the latest market direction outlook for the Toronto Stock Exchange or they can sign in to the full members site here. Non-members can join here or review the benefits of a membership.
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