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American equity markets edge higher Wednesday

The US Stock market experienced a positive opening Wednesday after upbeat data has helped drive the Dow to all time highs. In the United States, the ADP Employment Change continued this trend, reporting a figure of 198K in February, against expectations of only 170K.

Beginning with the indices and composites, the NASDAQ jumped +0.10% as it settles in region of 3227.21, up +3.10 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1543.73, ascending +4.02 points or +0.26% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 14309.83, presently +0.39% after a movement of +56.06 points.

Sectors are nearly all in the green currently, however the Consumer Cyclical and Conglomerates sectors have distinguished themselves as main winners thus far, surging +0.96% and +0.81% respectively. In other news, the price of crude has settled below USD $90.12/bbl Wednesday.

Canada: BoC keeps policy unchanged, rate at 1%

The BoC left its rate unchanged at 1% in the March monetary policy meeting. “With continued slack in the Canadian economy, the muted outlook for inflation, and the more constructive evolution of imbalances in the household sector, the considerable monetary policy stimulus currently in place will likely remain appropriate for a period of time, after which some modest withdrawal will likely be required, consistent with achieving the 2 per cent inflation target", says the statement.
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