The north american equity markets ended Thursday’s session without management, the investors, who preferred to stay on the side lines prior to Friday’s publication of data on employment for the month of August, both in the United States than in Canada.
Markets to 12: 20 pm:
TSX 13 596,41 / +51,16 (0,38%)
Dow Jones 16 374,76 / +23,38 (0,14%)
S&P 500 1 951,13 / +2,27 (0,12%)
NASDAQ 4 733,50 / -16,48 (-0,35%)
The composite index S&P/TSX index of the Toronto stock Exchange has nonetheless advanced 51,16 points to end the session at 13 596,41 points, after being seized on the eve of a gain of 63 points.
Statistics Canada revealed Thursday that an increase in exports helped narrow the trade deficit of the country in July, which could signal that the economy is already committed to the path of growth for the second half of the year.
The canadian dollar has appreciated 0.44 cent to US 75,79 US cents.
In New York, the average Dow Jones industrial jumped from 293 points after the european central Bank had indicated that it was ready to offer a new dose of stimulus measures if inflation in the group of 19 countries was not able to pick up again.
However, the Dow Jones has only kept a fraction of this increase, and eventually ended up 23,38 points to 16 374,76 points, while the expanded index S&P 500 has gained 2,27 points to 1951,13 points and the composite index of the Nasdaq has made 16,48 points to 4733,50 points.
“The people stand idly by and not want to do anything before the (employment figures),” observed Colin Cieszynski, chief strategist of the markets at CMC Markets Canada.
The u.s. department of Labor will release Friday how many jobs have been won or lost in August in the United States.
Economists expect u.s. employers to have created 220,000 jobs last month and that the unemployment rate has fallen to 5.2%.
The data could help some observers to get an idea of the time chosen by the federal Reserve of the United States to raise its interest rates. The next meeting of the central bank to this topic is scheduled for the 16 and 17 September.
The data on the canadian job market will also be released on Friday.
The Exchange of raw materials of New York, the price of crude oil has advanced from 50 cents US for 46.75 per barrel, while copper prices gained 5.5 cents to US 2,3845 US $ the book.
The energy sector finished the day on a decline of 0.02%, while that of diversified metals & mining has won 1,64%. Only the group of the telecommunications sector has done better, with an increase of 1.82%.
The the price of gold bullion has retired from 9.10 to US $ 1124,50 per ounce. The gold sector on the TSX, for its part, released 2,55%.
Earlier Thursday, the european markets have posted significant increases after the president of the ECB, Mario Draghi, had commented on the stimulus plans of the bank during a press conference. The index German DAX closed up 2.7%, the CAC-40 French gained 2.2% and the FTSE 100 in the uk has taken to 1.8%.
In addition to offering interest rates low, the ECB will inject 60 billion euros a month into the economy through purchases of government bonds and corporate. This program should continue until at least September 2016.