Another High For The Dow!

Published 03/12/2013, 09:00 AM
Updated 05/14/2017, 06:45 AM
  • The Dow Jones Industrial Average reached a new high yesterday, while the S&P500 is nine points away from its October 2007 all-time peak. The situation is different in Toronto, where the S&PTSX is still 15% below its record high reached in 2008.
  • Overnight, the Italian government issued 7.75 billion euros in one-year notes, the first auction of its kind since the country’s downgrade by the Fitch rating agency. Several other bond auctions are expected this week in the U.S. These issues will have an impact on the currency, as well as on interest rates.
  • Recent Chinese motor vehicle figures have been noteworthy. Chinese vehicle deliveries are up 20%, the sharpest increase since 2010. Little economic news is expected this morning. Investors are awaiting the release of retail sales data tomorrow morning. Wishing you a great day! Emmanuel Tessier-Fleury
  • Range of the day: 1.0240 – 1.0310
  • The Broad Markets

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