P.M. market numbers: Nov 9, 2009

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

The Toronto stock market jumped about two per cent Monday to add to last week’s strong advance as oils and metals benefited from a falling U.S. dollar and spearheaded a broad-based advance.

The S&P/TSX composite index surged 236.46 points to 11,486.88 after rising about three per cent last week despite employment reports from Canada and the United States on Friday that came in much worse than expected.

But investors consoled themselves that interest rates were unlikely to rise in such a weak economic environment.

And investors also got good news from the weekend gathering of officials from the G20 countries, including Canada, that governments are in no hurry to cut off stimulus measures.

Low interest rates attract investors into the stock market because many have been sitting on cash and realizing little returns from money market funds.

Irwin Michael, portfolio manager at ABC Funds, noted that investors worldwide have about $12.6 trillion in those funds, with Canadian investors holding around $1 billion.

“This money is looking for an entry point into the marketplace, most people being very finicky and very nervous,” he said.

A falling U.S. dollar and worries that hurricane Ida could damage oil installations in the Gulf of Mexico pushed the December crude contract on the New York Mercantile Exchange up $2 to US$79.43 a barrel.

Bullion continued to set records, with the December gold contract on the Nymex ahead $5.70 to US$1,101.40 an ounce, pushing the gold sector ahead 2.26 per cent.

The base metals sector was up 3.15 per cent as December copper gained 1.5 cents to US$2.97 a pound.

The financial sector was also stronger, ahead 2.28 per cent.

New York markets also advanced as investors took in major acquisition news from the food industry as Kraft Foods made a cash and stock offer worth US$16.46 billion for Cadbury Inc. Cadbury has rejected the offer, saying it “does not come remotely close to reflecting the true value” of the company.

The Dow Jones industrial average jumped 203.52 to 10,226.94 after charging ahead 3.19 per cent last week.

The Nasdaq composite index climbed 41.62 points to 2,154.06 while the S&P 500 index rose 23.77 points to 1,093.07.

(The Canadian Press)

North American markets

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Dow Jones	10,226.94	+203.52 or +2.03%	+16.53%
S&P 500	1,093.08	+23.78 or +2.22%	+21.02%
NASDAQ	2,154.06	+41.62 or +1.97%	+36.59%
TSX Composite	11,486.88	+236.46 or +2.10%	+27.81%

International markets

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	Open	Change	YTD
Nikkei	9,808.99	+19.64 or +0.20%	+10.72%
Hang Seng	22,207.55	+377.83 or +1.73%	+54.35%
SENSEX	16,498.72	+340.44 or +2.11%	+71.02%
FTSE 100	5,235.18	+92.46 or +1.80%	+18.06%
CAC 40	3,785.49	+78.20 or +2.11%	+17.64%
DAX	5,619.72	+131.47 or +2.40%	+16.83%

Bonds

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Bonds	$Current	$Previous	%Yield
Cdn. 10-year bond	102.08	101.86	3.49
Cdn. 30-year bond	116.45	116.10	4.01
U.S. 10-year bond	101.26	101.00	3.47
U.S. 30-year bond	101.87	101.69	4.39

Currency

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BoC Close	Today	Previous
Canadian $	0.9457	0.9210
US $	1.0574	1.0753

Euro Spot Rate	Today	Previous
Canadian $	0.6310	0.6264
Euro	1.5848	1.5963

Commodities

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Gold	AM	PM
London Gold Fix ($US)	$1,108.50	$1,106.75

Oil	Open	Change
WTI Crude Future (US)	$79.29	+$1.86 or +2.40%

(11/09/09)