TSX Climbs 116 Points at Midday, Led Higher by Resource Stocks - News Summed Up

TSX Climbs 116 Points at Midday, Led Higher by Resource Stocks


The TSX rose 116 points at midday as energy and material stocks followed copper and oil prices higher on easing concerns over oil demand and the impact of Brexit on the global economy. World oil demand, the cartel said, will rise by 1.15 million barrels per day next year. Total volume traded so far stood at 208.4 million shares. OPEC is optimistic about the oil market in 2017, with demand expected to exceed output and excess supply to be trimmed down. Materials and energy led the widespread rally, advancing 3.0% and 2.8%, respectively.


Source: Mid-Day July 12, 2016 16:27 UTC



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