P.M. market numbers: December 1, 2009

By Staff | December 1, 2009 | Last updated on December 1, 2009
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market surged to its highest close of the year as worries about Dubai’s credit problems receded and American economic reports reinforced the impression a rebound is underway.

The S&P/TSX composite index jumped 260.12 points to 11,707.32.

Investors felt more confident the Dubai debt crisis will be contained, almost a week after the emirate shocked markets when it said its investment arm, Dubai World, wanted to postpone payments on its approximately US$60 billion of debt for at least six months.

The Canadian dollar climbed 0.81 of a cent to 95.54 cents US, while U.S. dollar weakness together with data showing Chinese manufacturing activity expanded in November for a ninth straight month, sent oil up $1.09 to US$78.37 a barrel. Gold advanced $18 to a record high close of US$1,199.10 an ounce.

New York’s Dow Jones industrials rose 126.74 points to 10,471.58, the Nasdaq composite index climbed 31.21 points to 2,175.81 while the S&P 500 index gained 13.23 points to 1,108.86.

The Institute for Supply Management’s November index on manufacturing activity showed that the sector is still expanding. And a report on construction spending also signalled growth with the first increase in six months.

(The Canadian Press)

North American markets Back to Top
Dow Jones 10,471.58 +126.74 or +1.23% +19.32%
S&P 500 1,108.86 +13.23 or +1.21% +22.76%
NASDAQ 2,175.81 +31.21 or +1.46% +37.97%
TSX Composite 11,707.32 +260.12 or +2.27% +30.26%

International markets Back to Top
Open Change YTD
Nikkei 9,572.20 +226.65 or +2.43% +8.04%
Hang Seng 22,113.15 +291.65 or +1.34% +53.70%
SENSEX 17,198.27 +272.05 or +1.61% +78.27%
FTSE 100 5,312.17 +121.49 or +2.34% +19.80%
CAC 40 3,775.74 +95.59 or +2.60% +17.33%
DAX 5,776.61 +150.66 or +2.68% +20.09%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond

104.13

104.44

3.24

Cdn. 30-year bond

119.28

119.90

3.86

U.S. 10-year bond 100.84 101.50 3.27
U.S. 30-year bond 101.87 103.03 4.26

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.9554 0.9473
US $ 1.0467 1.0556

Euro Spot Rate Today Previous
Canadian $ 0.6333 0.6309
Euro 1.5789 1.5851

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $1,193.50 $1,192.50

Oil Open Change
WTI Crude Future (US) $78.20 +0.92 or +1.19%

(12/01/09)

Advisor.ca staff

Staff

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