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TSX Closing Bell June 06

Stock Markets in the Green Across the Board

We saw a nice run to end the day of Wednesday June 6th with the TSX gaining just over 125 points, the Dow Jones had a very nice day up 236 points and the NASDAQ finished positive with a modest 66 points. This positive return to the markets was from previous down days and a bit better than expected employment and economic growth from the U.S Aprils earnings. Commodities were also a strong per-swaying factor to the TSX positive numbers with Gold up $17 on the day and light sweet crude up $0.89  The Lonnie had another boring day with a movement of just a then of a cent in the green. Analysis seem to agree that it maybe a good time to start buying the Lonnie back against the American green back. We have also seen a larger than average volume on the Forex markets with people grabing the CAD dollar at its lows.

What to Expect for Tomorrow

Oil Dri Corp Amer will release their earnings report during the trading day, symbol; ODC This will be a preview look into how other oil and gas drilling plays will have earned and to see if they can beat their expectations on earnings of 7 cents per share.

 

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