Market numbers: September 15, 2009

By Staff | September 15, 2009 | Last updated on September 15, 2009
3 min read
| North American markets | International markets | Bonds | Currency | Commodities |

North American stock markets appeared heading for a sluggish open as investors look to a trio of U.S. economic reports coming out during the morning that could provide insight into any potential economic recovery.

The Toronto stock market could find traction at the open from higher oil prices as investors weigh concerns about weak crude demand against optimism of a global economic recovery.

The Dow Jones industrial futures moved up 12 points to 9,562, the Nasdaq futures edged up 0.8 of a point top 1,688.8 while the S&P 500 futures added 0.9 of a point to 1,044.4 ahead of reports on retail sales, wholesale prices and business inventories.

The Canadian dollar was down 0.27 of a cent to 92.02 cents US.

The October crude contract on the New York Mercantile Exchange rose 46 cents to US$69.32 a barrel.

Other commodities were weak with the December bullion contract on the Nymex down $2.20 to US$998.90 an ounce while December copper was unchanged at US$2.8045 a pound.

In the background of trading this week are memories of the collapse of U.S. investment bank Lehman Brothers a year ago, which triggered the worst global financial crisis in 70 years.

Stock markets didn’t bottom until early March and since then, the main Toronto index has roared ahead 50% and some analysts say markets are ripe for some sort of retracement.

"It may be the one-year anniversary of the Lehman failure, but stocks haven’t fallen out of bed in memory of the event,” said Andrew Pyle, investment adviser at Scotia McLeod in Peterborough, Ont.

"That said, there hasn’t been a ton of enthusiasm to buy either which again is being played up as either exhaustion in this six-month rally, lack of conviction or simply a sign that all the good news has been built in.”

European and Asian markets were positive after investor confidence was shaken Monday by a trade dispute between the U.S. and China, which raised concerns of a full-out trade war.

In Asia, Japan’s Nikkei 225 stock average closed the day up 0.2%, Shanghai’s benchmark gained 0.2% and Hong Kong’s Hang Seng lost 0.3%.

London’s FTSE 100 index was ahead 0.4%, Frankfurt’s DAX was flat as a study showed that German investor confidence rose slightly in September to its highest level in over three years on mounting expectations for a gradual recovery, but stopped short of most economists’ forecasts. The Paris CAC 40 rose 0.4%.

In corporate news, Garda World Security Corp. (TSX:GW) had a $4-million profit in its latest quarter, as the armoured truck operator’s revenue increased and the company continued to keep a close watch on its expenses. The figure compared with a net loss $1.2 million a year earlier.

(The Canadian Press)

North American markets Back to Top
Dow Jones 9,626.80 +21.39 or +0.22% +9.69%
S&P 500 1,049.34 +6.61 or +0.63% +16.17%
NASDAQ 2,091.78 +10.88 or +0.52% +32.64%
TSX Composite 11,332.04 +78.81 or +0.70% +26.08%

International markets Back to Top
Open Change YTD
Nikkei 10,217.62 +15.56 or +0.15% +15.33%
Hang Seng 20,866.37 -65.83 or -0.31% +45.03%
SENSEX 16,454.45 +240.26 or +1.48% +70.56%
FTSE 100 5,035.57 +16.72 or +0.33% +13.56%
CAC 40 3,740.49 +9.88 or +0.26% +16.24%
DAX 5,613.59 -6.65 or -0.12% +16.70%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 103.23 103.53 3.32
Cdn. 30-year bond 118.69 119.24 3.86
U.S. 10-year bond 101.72 102.38 3.42
U.S. 30-year bond 104.51 105.53 4.23

Currency Back to Top
BoC Open Today Previous
Canadian $ 0.9202 0.9229
US $ 1.0867 1.0835

Euro Spot Rate Today Previous
Canadian $ 0.6311 0.6313
Euro 1.5846 1.5841

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $997.50 $999.25

Oil Open Change
WTI Crude Future (US) $69.36 +$0.50 or +0.73%

(09/15/09) staff


The staff of have been covering news for financial advisors since 1998.