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Oil stocks boost TSX as crude prices revive, consumer data helps take NY up
The Toronto stock was comfortably on positive ground late Friday morning, led by gains in the energy sector amid hopes that oil has hit bottom after prices tumbled over 17 per cent this month.
Positive consumer data helped turn New York indexes higher, helping to compensate for reports and forecasts from blue-chip names like IBM Corp. [...]
Telecoms Weigh on Europe
European markets finished largely in the negative, dragged by U.S. market losses and further weakness in the telecommunications sector. Deutsche Telekom dropped 3%, Vodafone Group lost 1.8% and BT Group lost 0.3%. Companies in France gained on strong second-quarter GDP figures. The German DAX 30 lost 0.1%, London FTSE 100 fell 0.1%, while the French [...]
