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TSX Market Direction Outlook For June 2 2014

Jun 1, 2014 | Stock Market Outlook

For most of the day on Friday the TSX was negative. The Canadian dollar moved lower by just 0.05 cents on news the gross domestic product advanced 1.2 percent for the first quarter, which was lower than expectations for 1.8 percent. Still though it was better than the news that the US GDP contracted for the quarter.

The outlook for stocks on Friday was for sideways momentum with a bias lower however there was a strong possibility of a bounce off the 14500 valuation.

TSX Market Direction Outlook for June 2 2014

FullyInformed Canada Members can can login directly through this link to read the market direction outlook on the Toronto Stock Exchange for June 2 2014 or FullyInformed Canada Members can sign in to the full members site here. Investors can join FullyInformed’s Canada section or read about the benefits of being a member through this link.

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