Lethbridge Real Estate - Financial Market Watch

By
Real Estate Sales Representative with Robert W May - Lethbridge Real Estate

  • TSX -57.15 Fri to 13,595.12 (Reuters) as most TSX sectors backed off amid another flare-up of worry over the European debt crisis. The TSX played catch up to losses that piled up on stock markets around the globe after S+ P's lowered its outlook on Italy's A-plus sovereign-credit rating from stable to negative last Friday. But the main concern centres on whether Greece will restructure its debt, a scenario that ratings agency Moody's said would constitute a default, which could badly hit the other debt-laden euro countries.
  • DOW -25.05 to 12,356.21 On the economic front, the U.S. Commerce Department said new-home sales rose 7.3 per cent last month to a seasonally adjusted annual rate of 323,000 homes. It is the second straight monthly gain. However, a normal housing market would mean a pace of about 700,000 new-home sales a month.
  • Dollar -.32c to 102.45c USD
  • Oil +$1.89 to $99.59USD per barrel helped along as the greenback weakened somewhat and by word from Goldman Sachs Group Inc. that it is turning "more bullish" on raw materials. Goldman Sachs suggested buying oil, copper and zinc, reversing last month's call to sell commodities.
  • Gold +$7.90 to $1523.30 per ounce   as nervous investors sought a safe haven for a third straight day
  • Canadian 5 yr bond yields markets -.02bps to 2.42. The spread (based on the NEW  5 yr rate published rate of 3.99%) is now mid comfort zone at 1.57.   Best discounted rates may be even lower!
  • For your Lethbridge real estate and mortgage needs, call anytime.
  • Posted by

    lethbridge real estate

    lethbridge realtor

    Robert W May is a Real Estate Broker in Lethbridge Alberta, having now been in the industry for over 23 years. . He was also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta for the past 10 years.  He is an industry leader always willing to help train and educate others in how to improve their business models for financial and personal benefit.




     

     

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