Tuesday, May 24, 2011

Market Update: Tuesday May 24, 2011

 • TSX +27.18 Fri to 13,652.27 (Reuters) closed Monday

DOW -93.28 Fri/-130.78 Mon to 12,381.26
Closed at their lowest levels in a month on Monday.  Perhaps a sign of increasing doubt of whether equity markets can withstand recent weakness in global manufacturing and demand.

Dollar -.51c Fri to 102.77c USD closed Monday. The Euro also hit a two-month low against the U.S. currency Monday.

Oil -$2.40 Mon to $97.70USD per barrel.
Dropped more than 2 per cent Monday as the dollar strengthened.

Gold +$15.56 to $1512.40 per ounce

Canadian 5 yr bond yields markets -.09bps to 2.44. The spread based on the MERIX 5 yr rate published rate of 4.19% is above the comfort zone at 1.75.