P.M. market numbers: September 2, 2009

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

The Toronto stock market closed positive after two days of triple digit slides thanks in large part to surging gold stocks.

But sentiment was generally weak in the wake of disappointing jobs and factory orders data from the U.S.

The S&P/TSX composite index added 11.54 points to 10,701.32 as the gold sector jumped 10%.

The December bullion contract on the New York Mercantile Exchange ahead $22 to US$978.50 as a weak greenback and economic data fuelled demand.

The Canadian dollar moved down 0.06 of a cent to 90.51 cents U.S.

The gains were tempered by the ADP Employment Change Report for August which forecast job losses hit 298,000 in the U.S. last month.

Canadian job losses for August are expected to come in at about 22,000.

The Toronto market lost almost 300 points over the last two sessions on worries about the financial industry and prospects for a strong recovery that will justify the sharp runup in stocks for most of this year.

New York markets were also weak following the ADP report and other data showing orders to U.S. factories rose less than expected in July as reduced demand for petroleum products offset a jump in orders for aircraft and other transportation goods.

The U.S. Commerce Department said that factory orders rose 1.3% in July, well below analysts’ expectations of a 2.2% increase.

The Dow Jones industrials edged 29.93 points lower to 9,280.67.

The Nasdaq composite index was down 1.82 points to 1,967.07 while the S&P 500 index lost 3.29 points to 994.75.

Indexes were little changed in the wake of the release of the minutes of the last Federal Reserve meeting, held Aug. 11-12.

Fed officials expected the pace of the recovery to “pick up” in 2010, but there was a range of views – and considerable uncertainty – about the likely strength of the upturn because of concerns about how consumers will behave.

The energy sector was off 1.13% as oil prices stabilized after sinking almost US$5 a barrel over the last two days on demand concerns. The October crude contract on the New York Mercantile Exchange was unchanged at $68.05 as government data showed U.S. crude inventories fell 400,000 barrels last week, much less than the 1.9 million barrel decline that had been forecast.

(THE CANADIAN PRESS)

North American markets Back to Top
Close Change YTD
Dow Jones 9,280.67 -29.93 or -0.32% +5.75%
S&P 500 994.75 -3.29 or -0.33% +10.13%
NASDAQ 1,967.07 -1.82 or -0.09% +24.73%
TSX Composite 10,701.32 +11.54 or +0.11%

+19.07%

International markets Back to Top
Close Change YTD
Nikkei 10,280.46 -249.60 or -2.37% +16.04%
Hang Seng 19,522.00 -350.30 or -1.76% +35.69%
SENSEX 15,467.46 -83.73 or -0.54% +60.33%
FTSE 100 4,817.55 -2.15 or -0.04% +8.69%
CAC 40 3,573.13 -10.31 or -0.29% +11.04%
DAX 5,319.84 -7.45 or -0.14% +10.59%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 103.60 103.43 3.31
Cdn. 30-year bond 119.39 119.19 3.86
U.S. 10-year bond 102.81 102.18 3.29
U.S. 30-year bond 106.76 105.30 4.11

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.9051 0.9057
US $ 1.1048 1.1041

Euro Spot Rate Today Previous
Canadian $ 0.6341 0.6371
Euro 1.5769 1.5697

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $955.00 $964.75

Oil Close Change
WTI Crude Future (US) $67.97 -$0.08 or -0.12%

(09/02/09)

Advisor.ca staff

Staff

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