A.M. market numbers: September 25, 2009

| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market headed for a lower open Friday after BlackBerry maker Research In Motion Ltd. delivered an earnings report after the close Thursday that disappointed investors with its outlook and most recent revenues.

U.S. stock futures pointed to a modestly higher open after two days of losses as the Dow Jones futures were up 30 points to 9,665, the Nasdaq futures rose 3.2 points to 1,702.8 while the S&P 500 futures were up 3.6 points to 1,047.9.

RIM shares were down $9.96 or 12% to US$73.10 in pre-market trading in New York after the company said that adjusted earnings came in at $1.03 a share, better than the $1 a share that analysts expected.

But revenue came in at $3.53 billion, well below the $3.62 billion that was expected.

RIM signed 3.8 million net new BlackBerry subscribers in the quarter, which was less than the four million analysts were looking for.

In its outlook, the company said it expected third-quarter revenue to be between US$3.60 billion and $3.85 billion, while earnings per share for the quarter are expected to be in the range of $1 to $1.08 a share.

Analysts had been forecasting earnings of US$1.05 a share on sales of US$3.92 billion.

The Canadian dollar was down 0.16 of a cent to 91.67 cents US.

Energy stocks could weigh on the TSX again Friday as oil prices continued to lose ground after demand concerns shaved almost US$6 a barrel over the last two sessions. The November crude contract on the New York Mercantile Exchange was down 23 cents to US$65.66 a barrel.

Elsewhere in the commodity sector, the December gold contract on the Nymex declined $4.10 to US$994.80 an ounce while December copper was unchanged at US$2.71 a pound.

Stocks fell for a second straight day on Thursday amid worries about the sustainability of this year’s rally and news of an unexpected drop in sales of existing homes in August.

On Friday, investors will receive reports on durable goods and new home sales during the morning.

A report is expected to show durable goods orders, or orders to U.S. factories for items expected to last at least three years, likely grew in August. Economists expect orders increased 0.5% last month, marking the third rise in four months.

Growth likely was boosted by the popular Cash for Clunkers program, which provided consumers rebates for trading in older cars for newer, more fuel efficient vehicles.

Traders will be watching a meeting of leaders from the world’s 20 largest economies in Pittsburgh for indications of how those governments plan to bring about a strong, sustainable recovery.

Overseas, London’s FTSE 100 index was ahead 0.75%, Germany’s DAX added 0.13% while the Paris CAC 40 moved up 0.17%.

Asian markets closed down, with Tokyo the heaviest loser. The Nikkei 225 stock index shed 2.6%, after Nomura, the country’s leading brokerage, announced its biggest shares sale ever, weighing on the broader market. Hong Kong’s Hang Seng lost 0.1% and China’s Shanghai index dropped 0.5%.

(The Canadian Press)

North American markets

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Dow Jones	9,707.44	-41.11 or -0.42%	+10.61%
S&P 500	1,050.78	-10.09 or -0.95%	+16.33%
NASDAQ	2,107.61	-23.81 or -1.12%	+33.64%
TSX Composite	11,285.76	-231.78 or -2.01%	+25.57%

International markets

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	Open	Change	YTD
Nikkei	10,265.98	-278.24 or -2.64%	+15.87%
Hang Seng	21,024.40	-26.33 or -0.13%	+46.13%
SENSEX	16,693.00	-88.43 or -0.53%	+73.03%
FTSE 100	5,113.02	+33.75 or +0.66%	+15.31%
CAC 40	3,759.70	+1.34 or +0.04%	+16.83%
DAX	5,604.85	-0.36 or -0.01%	+16.52%

Bonds

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Bonds	$Current	$Previous	%Yield
Cdn. 10-year bond	102.78	102.78	3.41
Cdn. 30-year bond	118.40	117.99	3.91
U.S. 10-year bond	102.00	101.84	3.38
U.S. 30-year bond	105.77	105.39	4.16

Currency

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BoC Open	Today	Previous
Canadian $	0.9167	0.9320
US $	1.0908	1.0729

Euro Spot Rate	Today	Previous
Canadian $	0.6234	0.6266
Euro	1.6041	1.5960

Commodities

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Gold	AM	PM
London Gold Fix ($US)	$997.00	$1,009.70

Oil	Open	Change
WTI Crude Future (US)	$65.97	+$0.08 or +0.12%

(09/25/09)