Reuters February 22, 2011 – 12:21 pm
The Toronto Stock Exchange joined other equity markets in a global decline on Tuesday as turmoil continued in Libya and the Middle East.
The benchmark S&P/TSX composite index was down 159.43 points, or 1.13%, to 13,963.68 as the close approached, with all 10 of its sub-indexes in negative territory.
The price of West Texas Intermediate crude oil rose $7.37 US to $93.57 US a barrel for the March contract, which expired on Tuesday, while the April contract rose $5.71 US to $95.42.
The April contract for Brent crude gained 32 cents US to $106.06.
Gold rose $12.50 US to $1,401.10 US an ounce, its highest close since Jan. 3. The Canadian dollar was down 49 basis points to 101.93 cents US in late-afternoon trading.
Fears of shortages as turmoil moves across oil-producing nations drove up the price of crude, while other investors fled risky assets and sought the safe haven of gold.
“As far as the general theme is concerned, the unrest in the Middle East is spreading and markets worldwide are pretty nervous,” Levente Mady, market strategist at Union Securities in Vancouver, told Reuters.
U.S. markets were also showing significant losses at the closing bell on Tuesday. The Dow Jones industrial average was down 178.76 points, or 1.44%, to 12,212.49, and the Nasdaq was off 77.53 points, or 2.74%, to 2,756.42.
Markets overseas were lower across the board. In Asia, Tokyo’s Nikkei slipped 1.78% and the Hang Seng in Hong Kong dropped 2.11%. In Europe, London’s FTSE fell 0.30%, the CAC in Paris lost 1.15% and Frankfurt’s DAX was just below flat, down 0.05%.
The Toronto Stock Exchange joined other equity markets in a global decline on Tuesday as turmoil continued in Libya and the Middle East.
The benchmark S&P/TSX composite index was down 159.43 points, or 1.13%, to 13,963.68 as the close approached, with all 10 of its sub-indexes in negative territory.
The price of West Texas Intermediate crude oil rose $7.37 US to $93.57 US a barrel for the March contract, which expired on Tuesday, while the April contract rose $5.71 US to $95.42.
The April contract for Brent crude gained 32 cents US to $106.06.
Gold rose $12.50 US to $1,401.10 US an ounce, its highest close since Jan. 3. The Canadian dollar was down 49 basis points to 101.93 cents US in late-afternoon trading.
Fears of shortages as turmoil moves across oil-producing nations drove up the price of crude, while other investors fled risky assets and sought the safe haven of gold.
“As far as the general theme is concerned, the unrest in the Middle East is spreading and markets worldwide are pretty nervous,” Levente Mady, market strategist at Union Securities in Vancouver, told Reuters.
U.S. markets were also showing significant losses at the closing bell on Tuesday. The Dow Jones industrial average was down 178.76 points, or 1.44%, to 12,212.49, and the Nasdaq was off 77.53 points, or 2.74%, to 2,756.42.
Markets overseas were lower across the board. In Asia, Tokyo’s Nikkei slipped 1.78% and the Hang Seng in Hong Kong dropped 2.11%. In Europe, London’s FTSE fell 0.30%, the CAC in Paris lost 1.15% and Frankfurt’s DAX was just below flat, down 0.05%.
alamak... kenapa sering kali ada masalah seh.... susah cari duit nih ... cemana nih....
apakah ada skenario dibalik semua ini .....