Financial Market News

The Toronto stock market looked set for a lower open Tuesday as commodity prices started to recover from sharp price drops.

The trade-weighted index jumped as high as 79.68 overnight, up from 79.50 yesterday and surpassing its previous high of 79.67 in April last year.

Without any big economic news or blowout company earnings to respond to, investors found little to get excited about Tuesday and sent the stock market lower for the second day in a row.

Puerto Rico sold $3.5 billion in general obligation bonds on Tuesday in the largest issue of its kind for the U.S. territory, which is struggling to pay off $70 billion in public debt.

A man walks past a world stock price chart on a street in Tokyo, Monday, March 10, 2014.

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In this March 7, 2014 file photo, Glenn Kessler, left, works with fellow traders on the floor of the New York Stock Exchange.

US stocks were little changed on Tuesday as investors found few reasons to push the S&P 500 above its recent record high, as tensions in Ukraine continued.

U.S. stocks were little changed in early trading Tuesday, following slight gains in markets from Asia to Europe.

World stock indexes fell and the prices of copper and oil sank on Monday after surprisingly weak Chinese trade data added to worries about a slowdown in the world's second-largest economy.

Valuation expert and NYU professor Aswath Damodaran finally waded into Bitcoin territory in his latest blog post to rule on the cryptocurrency's staying power and pricing.

Michigan will see 1.5% more tourists who will spend 4.5% more than last year. That's the upbeat forecast from two Michigan State University tourism researchers presenting their 2014 travel outlook this morning at the Pure Michigan Governor's Conference on Tourism in Traverse City.

Emerging-market bonds, star performers just a year ago, are being replaced by high-yielding corporate debt from developed markets by investors searching for yield.

A dash of discouraging economic news from China and Japan put a damper on the U.S. stock market Monday, adding to concerns that global growth could be slowing.

In this Friday, Feb. 21, 2014, file photo, trader Gregory Rowe, center, works at the post of specialist Joseph Mastrolia, left, on the floor of the New York Stock Exchange.

Asian indexes tumbled on weak data from the world's second and third biggest economies, and European markets were mixed as tension over the crisis in Ukraine lingered.

Asian stock markets sank Monday, battered by weak Chinese trade and a reduced estimate for Japan's economic growth.

Asian stocks slid on Monday and the dollar stepped back from its recent highs as disappointing Chinese trade data and uncertainty over the crisis in Ukraine kept risk appetite in check.

The kiwi weakened to 84.38 US cents from 84.61 cents at the New York close and 84.78 cents at 5pm on Friday.

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