P.M. market numbers: January 13, 2010

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

A rebound in mining stocks pushed the Toronto stock market slightly higher Wednesday.

The S&P/TSX composite index rose 33.38 points to 11,853.56 after tumbling 127 points on Tuesday amid moves by China to curtail its economic growth.

The Canadian dollar moved up 0.81 of a cent to 97.03 cents US.

China’s central bank is raising the proportion of deposits that banks must hold in reserve by half a percentage point to 15% of their deposits. The People’s Bank of China also raised the yield it is offering on its one-year bills, its second increase in interbank markets in a week.

China has been a big support to the Toronto market as recovery there boosts commodity sectors, which stand to gain from sales to China’s resource-hungry economy.

But analysts point out that the losses earlier this week follow a string of gains that pushed the TSX up almost two per cent last week alone.

The energy component was up slightly even as the crude contract for February on the New York Mercantile Exchange declined $1.14 to US$80.09 a barrel. The U.S. Department of Energy reported bigger-than-expected increases in crude and distillate products last week, including heating oil. Crude oil supplies were up 3.7 million barrels in the week ended Jan. 8 against estimates of a gain of about one million barrels.

The gold sector was ahead 0.32% as the February bullion contract in New York gained $7.40 to US$1,136.80 an ounce.

New York indexes moved higher as investors took in the latest economic assessment from the U.S. Federal Reserve.

Its so-called Beige Book says that although “economic activity remains at a low level, conditions have improved modestly further.” However, the Fed also notes that “labour market conditions remained soft” in most of the Fed’s 12 regions as the new year started.

The Dow Jones industrial average moved 53.51 points higher to 10,680.77, the Nadaq composite index was up 25.59 points to 2,307.9 while the S&P 500 index climbed 9.46 points to 1,145.68.

(The Canadian Press)

North American markets

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	Close	Change	YTD
Dow Jones	10,680.77	+53.51 or +0.50%	+2.42%
S&P 500	1,145.68	+9.46 or +0.83%	+2.74%
NASDAQ	2,307.90	+25.59 or +1.12%	+1.71%
TSX Composite	11,853.56	+33.38 or +0.28%	+0.91%

International markets

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	Close	Change	YTD
Nikkei	10,735.03	-144.11 or -1.32%	+1.79%
Hang Seng	21,748.60	-578.04 or -2.59%	-0.57%
SENSEX	17,509.80	+87.29 or +0.50%	+0.26%
FTSE 100	5,473.48	-25.23 or -0.46%	+1.12%
CAC 40	4,000.86	+0.81 or +0.02%	+1.64%
DAX	5,963.14	+20.14 or +0.34%	+0.10%

Bonds

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Bonds	$Current	$Previous	%Yield
Cdn. 10-year bond	101.23	101.66	3.59
Cdn. 30-year bond	114.15	114.77	4.13
U.S. 10-year bond	96.64	97.18	3.79
U.S. 30-year bond	94.69	95.97	4.71

Currency

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BoC Close	Today	Previous
Canadian $	0.9703	0.9622
US $	1.0306	1.0393

Euro Spot Rate	Today	Previous
Canadian $	0.6687	0.6640
Euro	1.4954	1.5060

Commodities

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Gold	AM	PM
London Gold Fix ($US)	$1,132.75	$1,127.25

Oil	Open	Change
WTI Crude Future (US)	$79.67	-$1.12 or -1.39%

(01/13/10)