A.M. Market numbers: Monday, July 27, 2009

By Staff | July 27, 2009 | Last updated on July 27, 2009
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

North American markets appeared headed for a higher open Monday morning as investors in the U.S. and Canada awaited more quarterly earnings reports.

U.S. stocks appeared ready to follow the lead of overseas markets, which advanced on rising hopes for a global recovery.

Over the past two weeks, the Dow Jones industrial average and Standard & Poor’s 500 index have each jumped more than 11% after companies issued better-than-expected earnings reports or forecasts for the rest of the year.

The Toronto Stock Market has also posted two weeks of gains, but has fluctuated by more than a thousand points over the past month.

Among U.S. companies reporting results early Monday, RadioShack Corp. reported its second-quarter earnings rose as it cut costs. The electronic retailer beat analysts’ forecasts.

Honeywell International Inc. is among the other companies reporting earnings Monday.

A slew of earnings from Canadian corporations are expected later in the week, including those from Imperial Oil (TSX:IMO), Talisman Energy (TSX:TLM), Petro-Canada (TSX:PCA), Barrick Gold (TSX:ABX), Canadian Pacific (TSX:CP), Rogers Communications (TSX:RCI.B) and lumber giant Canfor Corp. (TSX:CFP).

Overall, corporate Canada is expected to produce results that reflect a weak spring quarter and a tougher business environment.

Ahead of Monday’s market open, Dow Jones industrial average futures rose 41 points, or 0.5%, at 9,099. Standard & Poor’s 500 index futures advanced 4.00, or 0.4%, at 981.80, while Nasdaq 100 index futures moved ahead 9.50, or 0.6%, at 1606.75.

The Canadian dollar opened at 92.50 cents US, up 0.16 of a cent from Friday’s close.

Light, sweet crude for September delivery was up 51 cents to US$68.56 a barrel in electronic trading on the New York Mercantile Exchange.

Overseas, Japan’s Nikkei stock average rose 1.5%, while Hong Kong’s Hang Seng index jumped 1.4%. In afternoon trading, Britain’s FTSE 100 was up 0.3%, Germany’s DAX index was up 1.1%, and France’s CAC-40 was up 1.2%.

(The Canadian Press)

North American markets Back to Top
Dow Jones 9,093.24 +23.95 or +0.26%% +3.61%
S&P 500 979.26 +2.97 or +0.30% +8.42%
NASDAQ 1,965.96 -7.64 or -0.39% +24.66%
TSX Composite 10,687.90 +12.22 or +0.11% +18.92%

International markets Back to Top
Open Change YTD
Nikkei 10,088.66 +144.11 or +1.45% +13.87%
Hang Seng 20,251.62 +268.83 or +1.35% +40.76%
SENSEX 15,375.04 -3.92 or -0.03% +59.37%
FTSE 100 4,572.59 -4.02 or -0.09% +3.12%
CAC 40 3,373.08 +6.63 or +0.20% +4.82%
DAX 5,260.68 +31.32 or +0.60% +9.37%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 101.68 101.83 3.55
Cdn. 30-year bond 115.65 115.79 4.06
U.S. 10-year bond 95.63 95.43 3.66
U.S. 30-year bond 95.26 94.81 4.54

Currency Back to Top
BoC Open Today Previous
Canadian $ 0.9250 0.9232
US $ 1.0810 1.0832

Euro Spot Rate Today Previous
Canadian $ 0.6485 0.6494
Euro 1.5420 1.5399

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $ 956.00 $951.50

Oil Open Change
WTI Crude Future (US) $68.30 +$0.25 or +0.37%

(07/27/09)

Advisor.ca staff

Staff

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