AppId is over the quota
AppId is over the quota
The Toronto stock market fell Friday as traders ignored better-than expected jobs data in both Canada and the U.S. last month and instead focused on Europe’s debt crisis.
The S&P/TSX composite index closed near its lows of the day, down by 191.71 points, or 1.6 per cent, at 11,588.36 after gaining about 600 points in the previous two sessions.
Statistics Canada reported that the Canadian economy created 61,000 net new jobs in September while the unemployment rate dropped 0.2 of a point to 7.1 per cent.
The U.S. Labour Department said that the American economy added 103,000 jobs last month while the jobless rate held steady at 9.1 per cent.
"There is no hint in September's Employment Report that another recession is starting," said Paul Ashworth, chief U.S. economist at Capital Economics.
"Overall, the U.S. economy is just about hanging in there, but growth is susceptible to any adverse shock coming from the euro zone."
U.S. markets were also lower. The Dow Jones industrial index slipped 20.2 points to 11,103.12, the Nasdaq composite index gave back 27.47 points to 2,479.35 and the S&P 500 index fell 9.51 points to 1,155.46.
The Canadian dollar slipped 0.05 of a cent to 96.31 cents US.
The December gold contract in New York fell $17.40, or one per cent, to $1,635.80 US an ounce. November crude on the New York Mercantile Exchange closed with a gain of 39 cents at 82.98 US a barrel after surging almost $7 US over the last two sessions.
Investors focused on Europe, on a day when the Fitch ratings agency cut the government bond ratings of Italy and Spain and Moody’s downgraded a dozen British and nine Portuguese banks.
The European Central Bank offered new emergency loans to banks on Thursday to help steady them through the government debt crisis.
The ECB will offer an unlimited amount of 12-month and 13-month loans to banks. That will provide financing for a longer period and shield them from turbulence in borrowing markets.
But analysts observed that that the measures won't keep banks from facing questions about solvency.
Accessibility Links
0 komentar:
Posting Komentar