The S&P/ASX200 closed down again yesterday to 4,753.50, a 1.59% drop. Again, the materials sector had a weak performance while other declines have been linked to profit taking by investors.
The Dow Jones Industrial Average closed higher, at 9,882.17, a 14 point increase. The Dow zigzagged overnight with unexpected reports on consumer confidence falling low than expected to 47.7. Analysts in the US had anticipated the reading to be 53.1. Follow this story here.
In Europe, the FTSE finished the day up, by 9 points to 5,200.97. A positive start to the US market helped drive the FTSE to close higher. However, underperforming banks in the UK still continue to drag the index down.
The Nikkei was down 1.45% to 10,212.46.
The price of gold dropped over night with concern that the US Dollar rally will continue, decreasing the demand for bullion.
In Australian dollars, Gold is trading at $1,134.64, while in US Dollars it is trading at $1,046.03. And the price of silver in Aussie dollars is $18.21 and in US Dollars it is $16.69.
The Aussie dollar against the US dollar, is currently trading at USD $0.9167. The Aussie dollar dropped overnight against the Japanese Yen, trading at JPY 84.08
Crude oil, rose overnight, closing at USD$79.55
For the biggest movers on the market yesterday click here…
Shae.
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