It was a quiet day on the Australian market yesterday. The S&P/ASX200 finished at 4,545.50, lower by 16 points. With no lead in from the States you can expect another day of subdued trading.
The American market was closed overnight to celebrate President’s Day.
Overnight in the UK, the FTSE was up by 25 points ending the day at 5,167.47. The Footsie hit a peak of 5,194.29 during the session but slowly sold off in the afternoon.
British Airways [FTSE: BAY] shares gained 5% as the plans for a partnership with American Airlines received approval from the US government.
The Nikkei was down 78 points to 10,013.30. Despite Japan’s better than expected gross domestic product (GDP) data, Japanese stocks were weighed down by the Chinese governments increase in reserve requirements.
Investors were reluctant to be active in the markets with the American market shut, and the Asian markets are shut for the Lunar New Year. Read more here.
Gold is gained slightly overnight.
The price of spot gold in Australian dollars is trading at $1,238.75 while in US Dollars it is trading at $1,101.00. The price of silver in Aussie dollars is $17.50and in US Dollars it is $15.55.
The Aussie dollar versus the US dollar is trading at USD$0.8893, and against the Japanese Yen JPY80.00
Crude Oil closed at USD$74.00.
For the biggest movers on the market yesterday click here…
That’s all I have for you this morning. Have great day.
Shae.
