Some traders are expected to be placed on the sideline with a jugular holiday in the US in the US.
The benchmark S&P/TSX Composite Index, hit the high 26,526.95 of the day within a few minutes of opening near yesterday. Soon, falling again, it later makes its way through the day and managed to settle at 53.85 (or 0.20%) to 26,506.00.
Today, the Canadian Federation of Independent Business Barometer Long-Term Index revealed that 12 months of expectations in small businesses rose 7.3 points to 47.3, from May 40, reflecting the growing optimism among traders.
As expected, the US Federal Reserve kept the interest rates unchanged from 4.25% to 4.50% for the fourth consecutive meeting yesterday with a fed two cut in the Fed Fed two rates. In addition, Fed’s chair Geom Powell said that inflation is expected to increase in summer.
The Israeli-Iran struggle started on June 12, today became more serious without any retreat, entered the seventh straight day. Israel bombed nuclear goals in Iran, while Iranian missiles hit a hospital in Israel.
Asked about the possibility of entering the conflict, US President Donald Trump only commented, “I can do it or I can’t do it”. If the US attacks in the territory of Iran, Iran warned of “severe, irreparable results”.
Later in the day, the White House stated that Trump would decide on US participation in the next two weeks.
Investors are concerned with long -term severe global financial and commodity market disintegration if more nations participate in the Middle East crisis.
The major areas lost in today’s trade were consumer discretionary (0.42%), materials (0.70%), and healthcare (0.84%). Among individual shares, dollars (0.74%), Capstone mining (3.75%), and Bosch health companies (2.72%) were notable.
The major areas obtained in today’s trade were energy (0.65%), consumer staples (0.18%), and communication services (0.09%). Among the individual shares, Paramount Resource (2.67%), Empire Company (5.30%), and Rogers Communications (0.74%) were prominent beneficial.
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