Market numbers: Tuesday, June 30, 2009

By Staff | June 30, 2009 | Last updated on June 30, 2009
3 min read
| North American markets | International markets | Bonds | Currency | Commodities |

North American stock markets are likely in for a flat opening on the last day of a solid second quarter.

Toronto’s S&P/TSX composite index is coming off a five-session string of advances and rose 87 points on Monday thanks to rising oil and banking stocks.

The rise was the latest positive showing in the April-June period that has seen the TSX jump 20%.

The Dow Jones industrial average is ahead 12% and the S&P 500 16%.

Analysts say the quarter saw a continuation of the big change in sentiment that took root in early March. Investors stopped pricing in a depression-like scenario and instead concentrated on so-called green shoots – data that indicated economies were close to getting out of recession and possibly into a recovery by the end of the year.

But they also say investors are no longer content to settle for news that is merely "less bad” and are nervous that the economy’s rebound won’t be as robust as envisioned. This fear has recently put a dent in the market’s advance that started March 10 and at one point had sent indexes in Toronto and New York up around 35%.

Canadian investors will get the latest picture of economic growth before the market open when Statistics Canada releases its April gross domestic product figures. Economists were looking to see a contraction of 0.1% on the month following shrinkage of 0.3% in March.

In the U.S., investors will get the latest reading on consumer confidence later in the morning, a key report on the manufacturing sector Wednesday, while Thursday brings the much anticipated monthly jobs report.

Ahead of the market’s open, Dow Jones industrial average futures rose eight, to 8,466. The Standard & Poor’s 500 index futures rose 1.8 to 923, and Nasdaq 100 index futures gained 1.25 points to 1,482.75.

TheTSX is closed Wednesday for Canada Day while U.S. markets are closed Friday in observance of the Independence Day holiday.

The Canadian dollar rose 0.16 of a cent to 86.61 cents US.

The August crude contract on the New York Mercantile Exchange added eight cents to US$71.57 a barrel.

The August bullion contract in New York was up a dime to US$940.80 an ounce.

In overseas trading, Japan’s Nikkei 225 rose 174.97 points, or 1.8%, to 9,958.44, while Hong Kong’s Hang Seng reversed early gains to close down 149.78, or 0.8%, at 18,378.73

London’s FTSE 100 index and Frankfurt’s DAX dipped 0.25% while the Paris CAC 40 was down 0.4%.

(The Canadian Press)

North American markets Back to Top
Close Change YTD
Dow Jones 8,529.38 +90.99 or +1.08% -2.81%
S&P 500 927.23 +8.33 or +0.91% +2.65%
NASDAQ 1,844.06 +5.84 or +0.32% +16.93%
TSX Composite 10,476.77 +87.01 or +0.84% +16.57%

International markets Back to Top
Open Change YTD
Nikkei 9,958.44 +174.97 or +1.79% +12.40%
Hang Seng 18,378.73 -149.78 or -0.81% +27.74%
SENSEX 14,493.84 -291.90 or -1.97% +50.24%
FTSE 100 4,281.03 -13.00 or -0.30% -3.45%
CAC 40 3,181.22 -12.46 or -0.39% -1.14%
DAX 4,877.62 -7.47 or -0.15% +1.40%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 103.01 103.08 3.39
Cdn. 30-year bond 118.84 118.99 3.89
U.S. 10-year bond 97.00 96.84 3.49
U.S. 30-year bond 99.09 99.13 4.30

Currency Back to Top
BoC Open Today Previous
Canadian $ 0.8661 0.8645
US $ 1.1546 1.1567

Euro Spot Rate Today Previous
Canadian $ 0.6145 0.6140
Euro 1.6275 1.6286

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

$941.00

$935.50

Oil Open Change
WTI Crude Future (US) $71.64 +$0.15 or +0.21%

(06/30/09)

Advisor.ca staff

Staff

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