The S&P/ASX 200 ended the day higher by 19 points to 4,916.80. Both copper and oil were higher overnight and related commodity stocks should do well today.
It was a flat day in the US markets. The Dow Jones Industrial Average closed up by 11 points to 10,907.42.
Consumer confidence was better than expected for March, with the Consumer Confidence Index reaching 52.5, instead of the 51.0 predicted by economists. Adding to the good news that Americans are spending again, home pricing data suggested that house prices rose 0.3%.
Overnight in the UK, the FTSE ended the session at 5,672.32 down by 38 points. The gross domestic product (GDP) numbers came in yesterday for Britain, and the economy has grown 0.4% in the fourth quarter. This means that that Britain has technically come out of a recession.
The Nikkei pushed through the 11,000 mark for the second time this year. The index finished at 11,097.14, up by 110 points.
The price of spot gold in Australian dollars is trading at $1,201.52 while in US Dollars it is trading at $1,103.89. The price of silver in Aussie dollars is $18.79 and in US Dollars it is $17.26.
The Aussie dollar versus the US dollar is USD$0.9184, and against the Japanese Yen JPY85.27.
Crude Oil closed at USD$82.37.
For the biggest movers on the market yesterday click here…
That’s all I have for you today, see you tomorrow.
Shae.
