P.M. market numbers: January 6, 2009

By Staff | January 6, 2010 | Last updated on January 6, 2010
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

The positive start to 2010 trading continued Wednesday on the Toronto stock market as commodity stocks continued to benefit from higher prices for oil and metals.

The S&P/TSX composite index moved 56.46 points higher to 11,944.54 while investors took in mixed U.S. economic data on employment and the service sector.

The TSX was up for a fifth session in a row, an encouraging start to the year after charging ahead 31% in 2009.

The Canadian dollar rose 0.6 of a cent to 96.85 cents US, its highest level since mid-October.

The base metals sector was the major advancer, up 2.72% as March copper added eight cents to US$3.49 a pound.

The gold sector climbed 1.9% with the February bullion contract on the New York Mercantile Exchange ahead $17.80 to US$1,136.50 an ounce.

The energy sector was 0.8% higher as oil closed above US$83 a barrel for the first time since the fall of 2008 despite a report showing that U.S. inventories ran up 1.3 million barrels last week. The February crude contract on the New York Mercantile Exchange rose $1.41 to US$83.18 a barrel.

Ahead of Friday’s widely-anticipated U.S. non-farm jobless report for December, the ADP National Employment Report on private companies showed that 84,000 private sector jobs were lost in the United States in December. While an improvement over the 169,000 jobs lost in November, it missed expectations of 73,000 job losses.

And the Institute for Supply Management’s U.S. non-manufacturing index came in at 50.1, up from 48.7 in November. A reading of 50 marks the dividing line between growth and contraction in the service sector, which includes more than 80% of U.S. economic activity.

The Dow Jones industrials gained 1.66 points to 10,573.68, the Nasdaq composite index dropped 7.62 points to 2,301.09 while the S&P 500 index edged 0.62 of a point higher to 1,137.14.

(The Canadian Press)

North American markets Back to Top
Close Change YTD
Dow Jones 10,573.68 +1.66 or +0.02% +1.40%
S&P 500 1,137.14 +0.62 or +0.05% +1.98%
NASDAQ 2,301.09 -7.62 or -0.33% +1.41%
TSX Composite 11,944.54 +56.46 or +0.47% +1.69%

International markets Back to Top
Close Change YTD
Nikkei 10,731.45 +49.62 or +0.46% +1.75%
Hang Seng 22,416.67 +137.09 or +0.62% +2.49%
SENSEX 17,701.13 +14.89 or +0.08% +1.35%
FTSE 100 5,530.04 +7.54 or +0.14% +2.16%
CAC 40 4,017.67 +4.76 or +0.12% +2.07%
DAX 6,034.33 +2.47 or +0.04% +1.29%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 101.13 101.56 3.61
Cdn. 30-year bond 114.12 115.20 4.13
U.S. 10-year bond 96.34 96.84 3.82
U.S. 30-year bond 95.00 96.25 4.69

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.9685 0.9625
US $ 1.0325 1.0390

Euro Spot Rate Today Previous
Canadian $ 0.6720 0.6699
Euro 1.4880 1.4928

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $1,125.00 $1,130.00

Oil Open Change
WTI Crude Future (US) $83.13 +$1.36 or +1.66

(01/06/10)

Advisor.ca staff

Staff

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