Market Update

January 19, 2020

Latest market wrap
The close: TSX continues its record rise on China data boost
The close: TSX continues its record rise on China data boost
Key world equity indexes scaled new highs on Friday as a surge in U.S. housing starts to levels last seen in 2006 powered stocks while the greenback rose to a one-week high against the euro on expectations of solid economic growth.

Optimism over corporate earnings and indications of resilience in China’s economy also lifted equities and pushed government debt yields higher.

U.S. housing starts jumped 16.9 per cent to a seasonally adjusted annual rate of 1.608 million units in December, a 13-year high.

MSCI’s gauge of stocks across the globe gained 0.21 per cent, its fifth straight day of new highs.

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