Japanese disaster won't plunge global economy back into recession: economists
· TSX +221.33 to 13,746.15 as traders bought up stocks beaten down during a string of losses and hoped that Japan can get a grip on a nuclear crisis unfolding
· DOW +161.29 to 11,774.59
· Dollar +.56c to 101.39c USD as oil prices headed higher
· Oil +-$3.44 to $101.42USD per barrel prices were higher as focus returns to Libya and amid clashes between security forces — some brought in from Saudi Arabia and other Gulf states — and anti-government protesters in Bahrain. Saudi Arabia is the world’s largest oil exporter and some analysts are worried that the unrest in Bahrain could spill over into that country.
· Gold +$8.10 to $1404.20 per ounce
· Canadian 5 yr bond yields markets +.08bps to 2.52. The spread (based on the MERIX 5 yr rate published rate of 4.04%) is at the top of the comfort zone at 1.52.
