Globe Advisor
 

September 17, 2019

 
 
Latest market wrap
 
The close: Energy stocks push TSX even higher
The close: Energy stocks push TSX even higher
 

Danilo Masoni

Oil prices jumped on Monday after attacks on crude facilities in Saudi Arabia sliced the kingdom’s production in half and sparked worries over the impact of an oil shock on economic growth, halting a positive run in world stock markets as investors reached for less-risky assets.

 
Increased demand for safe-haven U.S. debt pushed Treasury yields lower and the price of gold rallied nearly 1 per cent.

 
The attack on Saudi Arabia shut down 5 per cent of global crude output. U.S. officials blamed Iran and President Donald Trump said Washington was “locked and loaded” to retaliate.

 
 
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About This Newsletter
The Globe Advisor: Midday Market Update newsletter provides a breakdown on the markets and stocks on the move for financial advisors. Visit the Globe Advisor section.

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