I’m back!
Yesterday the S&P/ASX 200 ended the session down by 63 points (1.33%) to 4,674.00. The Aussie market is likely to start the day down again as most of the international markets were lower overnight.
The Dow Jones Industrial Average dropped 58 points closing at 10,868.12. The US markets were nervous overnight on fears the Greece debt crisis could spread to other European countries. The Euro declined to a 14 month low on Wednesday.
The FTSE also fell overnight by 69 points, ending at 5,341.98. Major banking stocks dragged the Footsie down.
However, David Jones an analyst at IG Markets in the UK has said “Markets seem to be trading on the assumption that Greece is merely the canary in the coalmine and that fiscal contagion is now inevitable.”
The Nikkei was closed yesterday for Children’s Day. This morning it’s down 3% in early trade.
The price of spot gold in Australian dollars is trading at $1,296.59 while in US Dollars it is trading at $1,176.26. The price of silver in Aussie dollars is $19.35 and in US Dollars it is $17.55.
The Aussie dollar versus the US dollar is USD$0.9063, and against the Japanese Yen JPY85.00.
Crude Oil closed at USD$79.90.
For the biggest movers on the market yesterday click here…
That’s all I have for you on my first day back. See you tomorrow.
Shae.
{ 1 comment… read it below or add one }
One night, as a couple lays down for bed, the husband starts rubbing his wife’s arm.
The wife turns over and says ‘I’m sorry honey, I’ve got a gynecologist appointment tomorrow and I want to stay fresh.’
The husband, rejected, turns over.
A few minutes later, he rolls back over and taps his wife again.
‘Do you have a dentist appointment tomorrow too?’
:w