The S&P/ASX 200 was down 73 points yesterday, closing at 4,644.60. Wednesday’s CPI index figures, which showed current inflation of 2.1%, has virtually confirmed minimum rate rise of 25 basis points when the RBA meet next week.
The Dow Jones Industrial Average closed up yesterday, finishing at 10,236.16, higher by 41 points. The end of day rally only occurred because the Fed confirmed they would be keeping rates at the near zero level. Read more here.
Overnight in the UK, the FTSE dropped by 1.13% to 5,217.47. The mining sector was dragged down by weaker metal prices.
The Nikkei was down 73 points yesterday, closing at 10,252.08.
The price of spot gold in Australian dollars is trading at $1,216.87 while in US Dollars it is trading at $1,088.99. The price of silver in Aussie dollars is $18.57 and in US Dollars it is $16.62.
The Aussie dollar versus the US dollar is trading at USD$0.8954, and against the Japanese Yen JPY880.56
Crude Oil closed at USD$73.74
For the biggest movers on the market yesterday click here…
That’s all the market news I have for today, see you tomorrow.
Shae.
