On Friday, the S&P/ASX 200 ended the day at 4,562.10 up by 7 points. The Australian Bureau of Statistics will release the lending finance data for December today. However all that Christmas spending and the threat of interest rate rises are set to see mortgage delinquencies increase this year.
The Dow Jones Industrial Average was down on Friday by 45 points, finishing at 10,099.14. America’s industrial stocks dropped on news that Chinese banks have raised capital requirements again, up 0.5%, in a desperate bid to slow the country’s economy down.
Greece’s debt drama continues to rattle investors. This is drawing more attention to cash-strapped governments desperately trying to spend their way out of recession.
Overnight in the UK, the FTSE was down by 19 points to 5,142.45
The Nikkei ended the trading session up by 1.29% (128 points) closing at 10,092.19
The price of spot gold in Australian dollars is trading at $1,230.62 while in US Dollars it is trading at $1,093.40. The price of silver in Aussie dollars is $17.48and in US Dollars it is $15.53.
The Aussie dollar versus the US dollar is trading at USD$0.8874, and against the Japanese Yen JPY79.91
Crude Oil dropped 1.53%, closing toUSD$74.13.
For the biggest movers on the market yesterday click here…
That’s all the market news I have you this Monday, see you tomorrow.
Shae.
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