The S&P/ASX 200 ended up 82 points higher yesterday, finishing the day at 4,717.50. However after a flat lead in from America will see a subdued day of trading in Australia.
It’ll come as no surprise to you, but the Housing Affordability data for the December quarter has increased. In fact, the affordability index jumped up to 18.4% for the last quarter. In Hobart, affordability dropped 28.7% which was more than any other capital city in Australia. Read more here.
The Dow Jones Industrial Average was down by 18 points to 10,383.38. It was a relatively flat trading session with traders still guessing what the Fed plans to do with interest rates.
Over in the UK, the FTSE was down 6 points to 5,352.07. The major banks in the UK were stronger, with Barclays [FTSE: BARC] ending the session up by 1.3%. But the Footsie was dragged by the pharmaceutical companies after the US drug Safety reviewers recommended a certain product be removed from the market.
The Nikkei gained 276 points (2.74%) to close at 10,400.47. Higher commodity prices drove up related commodity related stocks, giving the index a boost.
The price of spot gold in Australian dollars is trading at $1,237.92 while in US Dollars it is trading at $1,114.09. The price of silver in Aussie dollars is $18.03 and in US Dollars it is $16.23.
The Aussie dollar was flat overnight after a quiet trading session in the US.
The Aussie dollar versus the US dollar is USD$0.9001, against the Japanese Yen JPY82.05
Crude Oil closed at USD$80.06
For the biggest movers on the market yesterday click here…
That’s all I have for you today. See you tomorrow.
Shae.
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