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At the close: Less than a rally, better than a fizzle

C anadian and U.S. stock markets finished solidly higher Monday, failing to build on the day's early promise yet remaining firmly in positive territory to start a short but busy week. The S&P/TSX composite index closed up 44.69 points, or 0.4 per ...

From DAVID PARKINSON, Globe and Mail,  23 Nov 2009

Related Topics: Dow Jones,  Federal Reserve Bank of St. Louis,  Hewlett-Packard

Ciena feels the Nortel taint

I can't help but wonder what's safer: Shaking hands on a deal involving Nortel Networks, or shaking hands with an H1N1 patient who just sneezed into his palm? Nortel's toxic touch spread a little wider Monday, as Ciena Corp.'s Nasdaq-listed stock ...

From DAVID PARKINSON, Globe and Mail,  23 Nov 2009

Related Topics: Nortel Networks

Merrill raises its S&P 500 forecast

B ank of America-Merrill Lynch figures it’s time to raise its target for the S&P 500. The way chief U.S. equity strategist David Bianco sees it, the market has earned it. Mr. Bianco Monday raised his 12-month target for the U.S. stock market ...

From DAVID PARKINSON, Globe and Mail,  23 Nov 2009

Related Topics: Thomson Reuters,  Merrill Lynch

U.S. data: There's no place like (a new) home

I f investors needed some justification for their early-week enthusiasm, they certainly got it from the latest U.S. housing data. The National Association of Realtors reported that home re-sales surged 10 per cent in October, to an annualized rate of 6.1 ...

From DAVID PARKINSON, Globe and Mail,  23 Nov 2009

Related Topics: U.S. Congress,  Dow Jones

At noon: Hangin' on

N orth American stock markets are clinging to most of their early gains in midday trading, but the day's initial enthusiasm has given way to listless trade as investors look for some catalyst to fuel the next move. The S&P/TSX composite index was up ...

From DAVID PARKINSON, Globe and Mail,  23 Nov 2009

Related Topics: Dow Jones,  Federal Reserve Bank of St. Louis

Retail data point to strong September GDP

J ust how bullish were those Canadian retail sales numbers? Well, the number itself wasn’t setting any new standards; we have seen bigger gains this year than the 1-per-cent rise for September that Statistics Canada reported Monday morning. But consider ...

From DAVID PARKINSON, Globe and Mail,  23 Nov 2009

Related Topics: Royal Bank of Canada|RY|NYSE

At the open: Forging ahead

S tock markets in Canada and the United States surged at the opening bell, as a weaker U.S. dollar, rising commodity prices and consumer-sector optimism fuelled a strong start to an abbreviated and potentially pivotal trading week. The S&P/TSX ...

From DAVID PARKINSON, Globe and Mail,  23 Nov 2009

Related Topics: Dow Jones,  FTSE,  Criminal Records Bureau

Premarket: Gearing for strong opening

N orth American stock markets are poised for a strong opening Monday, as generally strong overseas bourses and rising commodity prices set the stage for a strong start to the week. In premarket trading, Dow Jones industrial average futures are up 90 ...

From DAVID PARKINSON, Globe and Mail,  23 Nov 2009

Related Topics: Dow Jones,  FTSE,  Criminal Records Bureau

Global investors pour cash into Canadian stocks

T he investing world is beating a path to Canada's doorstep. The big question is, why? Statistics Canada reported this week that foreign investors bought a net $13.6-billion of Canadian securities in September – $12.9-billion of which was in Canadian ...

From DAVID PARKINSON, Globe and Mail,  20 Nov 2009

Related Topics: HSBC

What market watchers are saying this week

A FP/Getty Images A man wears a basketball sneaker with an image of US President Barack Obama and the words "change" and "yes we can" along a street in Beijing. MR. PRESIDENT, I THINK YOU JUST DROPPED YOUR OTHER SHOE “It is important ...

From DAVID PARKINSON, Globe and Mail,  20 Nov 2009

Related Topics: Barack Obama,  Manulife Financial Corp,  Hugh Jackman,  Liev Schreiber,  Activision, Inc.

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