The S&P/ASX 200 was up 42 points (0.93%) yesterday, finishing at 4,647.90. The Aussie market has opened slightly lower as a result of weak performance in the States.
The Dow Jones Industrial Average was down overnight, closing at 10,270.55, lower 26 points.
The Dow was down on the back of data showing the service industries hadn’t expanded as much as was hoped for. Investors have taken this information as a sign the markets will take longer to recover.
Unemployment in America still remains at a 26 year high.
Over in the UK, the FTSE was down by 30 points, ending that day at 5,253.15. Investors are sitting back and waiting for the Bank of England’s (BoE) decision on monetary policy due around midnight tonight our time.
There are mixed opinions about the BoE continuing the quantitative easing program. If the printing money program is stopped temporarily, most if the experts in the UK are convinced that the base rate will remain at 0.5%.
The Nikkei was up yesterday, finishing at 10,404.33, higher by 33 points.
The price of spot gold in Australian dollars is trading at $1,259.89 while in US Dollars it is trading at $1,110.89. The price of silver in Aussie dollars is $18.58 and in US Dollars it is $16.39.
The Aussie dollar versus the US dollar is trading at USD$0.8824, and against the Japanese Yen JPY80.28
Crude Oil closed at USD$77.00.
For the biggest movers on the market yesterday click here…
That’s all I have for you today, see you tomorrow.
Shae.
