North American markets seem poised to move lower on weak earnings

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

North American markets appear headed for a lower open on Wednesday as investors grow increasingly wary about the economic recovery.

A two-week rally that benefited markets in Toronto and New York is on hold after earnings reports and the U.S. Conference Board’s reading on consumer confidence fell short of expectations.

Amid investors’ growing caution, the markets appeared unmoved by word of an Internet search deal between Microsoft Corp. and Yahoo Inc.

Traders also brushed off gains in overseas markets, which rose on generally positive earnings from leading industrial companies.

Investors are waiting for the U.S. Federal Reserve’s latest assessment of business conditions around the nation and the Commerce Department’s report on June durable goods orders.

In one of the day’s first earnings reports, Calgary-based oil and gas energy giant Talisman Energy Inc. said profits plunged 85% to $63 million as lower oil prices continued to take their toll on the energy sector.

(The Canadian Press)

North American markets

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Dow Jones	9,096.72	-11.79 or -0.13%	+3.65%
S&P 500	979.62	-2.56 or -0.26%	+8.46%
NASDAQ	1,975.51	+7.62 or +0.39%	+25.27%
TSX Composite	10,570.54	-186.89 or -1.74%	+17.61%

International markets

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	Open	Change	YTD
Nikkei	10,113.24	+25.98 or +0.26%	+14.15%
Hang Seng	20,135.50	-489.04 or -2.37%	+39.95%
SENSEX	15,173.46	-158.48 or -1.03%	+57.28%
FTSE 100	4,574.04	+45.20 or +1.00%	+3.15%
CAC 40	3,386.20	+55.23 or +1.66%	+5.23%
DAX	5,279.24	+104.50 or +2.02%	+9.75%

Bonds

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Bonds	$Current	$Previous	%Yield
Cdn. 10-year bond	101.65	101.56	3.55
Cdn. 30-year bond	115.89	115.63	4.04
U.S. 10-year bond	95.63	95.19	3.66
U.S. 30-year bond	95.69	94.09	4.51

Currency

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BoC Open	Today	Previous
Canadian $	0.9200	0.9232
US $	1.0869	1.0831

Euro Spot Rate	Today	Previous
Canadian $	0.6522	0.6515
Euro	1.5333	1.5349

Commodities

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Gold	AM	PM
London Gold Fix ($US)	$935.50	$944.25

Oil	Open	Change
WTI Crude Future (US)	$65.78	-$1.45 or -2.16%

(07/29/09)