The S&P/ASX 200 ended the day down by 83 points (1.87%) to 4,384.10. However the market has opened up higher this morning despite the poor lead in from the international markets.
Not even the ‘kiss of life’ could save Clive Peeters [ASX:CPR]. So it has had to call in the administrators, after asking the National Australia Bank to waive $10 million of its $38 million debt.
Interestingly, when the company first listed on the ASX, the float was worth about $120 million. By close of business yesterday, the business was worth $19million. Read more here.
The Dow Jones Industrial Average finished at 10,444.37. The US market is still reacting to the German ban. One equity researcher, Kim Caughey said of the markets, “It’s become increasingly clear that these are still separate countries with their own political agendas.” Adding that this is contributing to the nervousness in the markets.
The FTSE felt the effects of the German naked short selling ban today as the index lost 149 points (2.81%) to close down to 5,158.00.
The Nikkei dropped 55 points, ending the session at 10,186.84.
The price of spot gold in Australian dollars is trading at $1,406.62 while in US Dollars it is trading at $1,193.97. The price of silver in Aussie dollars is $21.45 and in US Dollars it is $18.20.
The Aussie dollar has taken a bit of a pounding overnight because of the German short selling ban. This morning the Aussie dollar was down 1.36% from Wednesday.
The Aussie dollar versus the US dollar is USD$0.8494 and against the Japanese Yen JPY77.86.
Crude Oil closed at USD$70.91.
For the biggest movers on the market yesterday click here…
That’s all I have for you today, see you tomorrow.
Shae.
