A.M. Market numbers: Tuesday, August 4, 2009

By Staff | August 4, 2009 | Last updated on August 4, 2009
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market appeared set for a higher open Tuesday following a day of broad-based gains for U.S. markets.

Reports on manufacturing, housing and banking sent New York markets sharply higher Monday while Toronto was closed for the civic holiday.

The S&P 500 broke above 1,000 points Monday for the first time in nine months as reports on manufacturing, housing and banking sent investors more signals that the economy is gathering strength.

Indexes all rose more than one %, including the Dow Jones industrial average, which climbed 114.95 points to 9,286.56.

The S&P 500 index rose 15.15, or 1.5%, to 1,002.63, while the Nasdaq composite index rose 30.11, or 1.5%, to 2,008.61, its first close above 2,000 since October.

A report predicted U.S. manufacturing activity will grow next month, the government said construction spending rose in June and Ford Motor Co. said its sales rose last month for the first time in nearly two years.

Monday’s reports were the latest indications that the recession that began in December 2007 could be retreating. Better corporate earnings reports and economic data propelled the Dow Jones industrial average 725 points in July to its best month in nearly seven years and restarted spring rally that had stalled in June.

In electronic trading Monday, the loonie soared one cent to 93.81 cents US.

Oil was down $1.07 to US$71.51 Tuesday morning after gaining $2.13 Monday. The price of gold was down $1.50 to US$957.30.

Meanwhile, New York markets appeared set for a lower open Tuesday as mixed corporate earnings led some investors to book profits from recent market highs.

Dow futures were down 53 points, or 0.6%, at 9,195 while the broader Standard&Poor’s 500 futures fell 6.9 points, or 0.7%, to 993.80.

Overseas, European stock markets fell.

The FTSE 100 index of leading British shares, which closed Monday at its highest level since last October, was down 44.57 points, or 1%, at 4,637.89. Germany’s DAX fell 59.66 points, or 1.1%, to 5,367.19 while the CAC-40 in France was 24.33 points, or 0.7%, lower at 3,453.47.

Earlier in Asia, Japan’s benchmark Nikkei 225 index rose 22.54, or 0.2 per cent, to a 10-month high of 10,375.01 amid a smaller-than-expected quarterly loss from Toyota, the world’s top automaker. Hong Kong’s Hang Seng index slipped 10.83, or 0.1%, to 20,796.43 in back and forth trade.

(The Canadian Press)

North American markets Back to Top
Dow Jones 9,286.56 +114.95 or +1.25% +5.81%
S&P 500 1,002.63 +15.15 or +1.53% +11.00%
NASDAQ 2,008.61 +30.11 or +1.52% +27.37%
TSX Composite 10,787.15 +110.43 or +1.03% +20.02%

International markets Back to Top
Open Change YTD
Nikkei 10,375.01 +22.54 or +0.22%% +17.11%
Hang Seng 20,796.43 -10.83 or -0.05% +44.55%
SENSEX 15,830.98 -93.25 or -0.59% +64.10%
FTSE 100 4,640.14 -42.32 or -0.90% +4.65%
CAC 40 3,455.13 -22.67 or -0.65% +7.37%
DAX 5,379.73 -47.12 or -0.87% +11.84%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 102.50 101.58 3.45
Cdn. 30-year bond 117.75 115.89 3.94
U.S. 10-year bond 97.09 96.00 3.48
U.S. 30-year bond 99.22 97.21 4.30

Currency Back to Top
BoC Open Today Previous
Canadian $ 0.9381 0.9281
US $ 1.0659 1.0775

Euro Spot Rate Today Previous
Canadian $ 0.6502 0.6512
Euro 1.5380 1.5357

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $ 953.50 $939.00

Oil Open Change
WTI Crude Future (US) $70.53 -$1.05 or -1.47%

(08/04/09)

Advisor.ca staff

Staff

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